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On market forces and the middle class (video)

In today’s Weekly Briefing Rob Schofield revisits Pulitzer Prize-winning journalist Hedrick Smith’s new book, “Who Stole the American Dream?” that takes a closer look at the real causes of our shrinking middle class.

Smith also joins us this weekend on News & Views with Chris Fitzsimon to discuss the accidental beginnings of the 401(k), with disastrous economic consequences for many; why average Americans are struggling to keep afloat; and how Wall Street often wins politically despite repeated calls for financial reform.

“The agenda of the middle class, the things that need to get done for the middle class, aren’t going to be done when the lobbying leverage and the political money that’s being poured into Washington by big corporations and Wall Street is going to rule the day,” explains Smith.

To watch a short excerpt of Chris’ radio interview with Smith, click below. To read Rob’s latest piece,”Debunking some stubborn economic myths,” click here.

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3 Comments

  1. Frank Burns

    October 26, 2012 at 12:52 pm

    In case you haven’t noticed, the middle class is fighting back. It’s called the Tea Party.

  2. david esmay

    October 26, 2012 at 3:17 pm

    hahahahahaha! That’s funny, the freaking Tea party. The Koch brother funded b.s. party is a more apt description. Has absolutely nothing to do with the middle class. Tri-corner is the new aluminum foil.

  3. jaykimball

    October 26, 2012 at 7:33 pm

    I heard Smith speak a couple of weeks ago. He was excellent – well researched, lots of detail.

    The US Gini Index – the measure of inequality – is at an all time high, in the ranks of Rwanda and Uganda.

    For those that are wondering if their elected officials are fighting for the middle class, or against it, I posted a congressional report card here.: http://8020vision.com/2012/10/18/income-inequality-a-congressional-report-card/