Business news without the bullshit

Here's how the US economy works now

There's plenty of money - but not for society

Subscribe to RealEconTV

Your e-mail address is kept absolutely private
We make it easy to unsubscribe at any time

It's a pretty simple system

Here's how the US economy works now:

1. High wage manufacturing jobs are exported to low wage countries without labor and environmental protections

2. Cheaply made goods are imported into the country and sold at high markups

3. The profits are taken off shore and warehoused to evade taxes

4. Those who have jobs are taxed to provide benefits for those who don't in order to keep the peace

5. Industries like Wall Street and Medical Services buy licenses to rip off the public with impunity

6. Big companies with monopoly pricing power bribe legislatures to keep and expand their monopolies

7. The news media ignores it all, shills for the system, and blames social problems on the weak and exploited