Thursday, June 17, 2010

Holy crap, someone made it on NPR's "Marketplace" with a good idea!

NPR's "Marketplace" program is usually the worst offender on NPR when it comes to parroting the verbal flood of bullshit that comes from government and corporations, which is why this segment I just heard from Chris Farrel surprised me (skip to 3:57):

The amazing part comes at 6:00, when Chris endorses the idea of removing trade protections for companies and instead providing vouchers for laid-off workers, who they refer to as "free trade losers". NPR usually never talks openly about public policy solutions that would anger corporations. And that one would REALLY piss them off. It's not perfect, of course. Protecting companies does go a long way toward protecting workers. What we should do in addition to the voucher idea is keep hassling China over their exchange rate policy. 

In other news, in the segment just before Chris Farrel, we learn that investors gave BP a boost because of the 20 billion oil leak victim fund. Supposedly investors responded to the uncertainty being lifted. Do they interpret 20 billion as a cap? Is this the new cap everyone's talking about?

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