Economic Update: Subsidizing Corporations

Updates on International Women’s Day; the long-term unemployed; rich/poor cities; subsidies for the biggest corporations; Google’s hiring policies; Chrysler subsidies and Canada; and the defeat of Arizona’s discrimination law. Major discussions of Ben Bernanke’s speech on the Fed’s bail outs of the biggest financial corporations, and new IMF research that show redistribution to reduce inequality does NOT hurt growth. Response to questions on how and why Workers’ Self-Directed Enterprises (WSDEs) perform better than capitalist enterprises and why governments hire contractors vs. public employees to provide services.

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