Breaking Points with Krystal and Saagar 6/29/21: Syria Bombs, Unemployment Benefits, BlackRock's Power, Tax Cuts, Mike Gravel, Cancel Culture, Loss of Friendship, Facebook, and More!
Jun 29, 2021
Matt Stoller, the Research Director for the American Economic Liberties Project, dives into a myriad of pressing issues. He critiques the Biden administration's military strikes in Syria, emphasizing the links between the defense industry and foreign policy. The dialogue explores the influence of financial giants like BlackRock on economic policies, highlighting wealth inequality. They also address cancel culture, stressing the importance of free speech. The conversation wraps up with insights on the decline of friendships due to technology and the implications of Facebook's legal challenges.
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Unemployment Benefits and Worker Power
- Cutting unemployment benefits hasn't driven workers back to unfilled jobs, contrary to expectations.
- This reveals a fundamental question: should workers be desperate, or should employers compete?
Welfare Politics and The Great Reset
- Public support for ending unemployment benefits reflects potent welfare politics, not economic reality.
- The pandemic allowed workers to reassess their lives, rejecting undesirable jobs.
Incentivizing Workers
- Pay people to return to work and use UI benefits for this purpose.
- Make these benefits transferable and phase them out gradually to support businesses and workers.