4 chapters across the catalog
The hosts consult the "Book of Knowledge" to define Democratic Socialism as a philosophy supporting social ownership and worker self-management. They distinguish it from authoritarian Soviet-style communism, noting that proponents typically seek a gradual transition to a socialist society through reformist politics.
Economist Richard Wolff's appearance on "Democracy Now!" is critiqued for his assertions regarding the US economy and the 2008 crash. The hosts challenge Wolff's understanding of basic economic principles, specifically his claims about inflation and the relationship between production and prices.
Thom Hartmann is accused of usurping economic cycle theories previously discussed on the program in his new book, The Crash of 2016. A clip from Democracy Now features Hartmann discussing historical parallels between the 1927 housing market and current economic conditions under the Obama administration. The hosts critique Hartmann's assertion that government intervention can prevent inevitable economic cycles, comparing such attempts to trying to stop the sun from rising.
Nigel Farage addressed the European Parliament regarding the humanitarian disaster in Greece, citing rising suicide rates and abandoned children. He criticized EU leaders for pursuing a "political dream" of a United States of Europe at the cost of economic suicide. Farage urged Greece to leave the Euro to restore national dignity and hope.
