Economic Update: Profit-Driven Capitalism

This episode provides updates on Verizon’s purchase of AOL, why Facebook’s “contribution” to ending inequality falls so short, how UK elections reflect “scapegoat economics” and why deadly Mediterranean migrations reflect capitalism’s uneven development across the globe. We also respond to questions regarding Americans’ attitudes toward wealth inequality and whether student debt can lead to reduced Social Security benefits. Finally, we give an in-depth critical analysis over the significance of recent guilty pleas by major banks for manipulating currency exchange rates.

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