Follow The Money Radio

PODCAST: American Socialism 101

October 3, 2019

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With the 2020 Presidential election season upon us, the GOP is intent on presenting voters with a false choice of "socialism" vs "capitalism." But there is a major problem with the logic behind this message as economist Jerry Robinson explains in this week's provocative podcast.

Show Notes

Segment 1: American Socialism 101
Segment begins at 01:09


Socialism in America, you say? Never! Economist and best-selling author Jerry Robinson lays bare the truth about socialism in America in his usual provocative manner, from the “political atheist” point of view.

  • Washington’s spending excess is indicative of a decadent empire in decline
  • Writing on the Wall: The US cannot sustain a 3% growth rate  after 10 years into the slowest economy recovery in history
  • The Fed’s attempt to raise interest rates was met with a reversal, because America’s economy has proven to be too fragile for even one interest rate hike in 2019
  • There is a large discrepancy between Trump’s outlook and the Fed’s outlook on the economy
  • Rewind to 2009: US debt was a mere 9 trillion dollars, Bankruptcy of Our Nation was released, and the Tea Party Movement was going strong
  • The national debt and deficits have more than doubled in recent years with little to no outrage in 2019
  • America’s two-party political system is basically owned by corporate and other special interest groups who represent the will of the elites (not the people)
  • Socialism is “a way of organizing a society in which major industries are owned and controlled by the government rather than by people and companies… “
  • Case in point: US Military is a social utopia – free benefits – all to the tune of $750 billion plus per year (courtesy of US taxpayers)
  • Bottom line: Socialism already exists in America

Recommended Links
Worried About Socialism in America? It’s Too Late
Bankruptcy of Our Nation by Jerry Robinson (BOOK)
Merriam-Webster Dictionary
The Health 202: Trump Will Issue an Executive Order to Help Attack Medicare-for-all (The Washington Post)
Jerry Robinson on Twitter
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Segment 2: The Final Word w/ Jerry Robinson
Segment begins at 19:00

Jerry closes out today’s show with an interesting passage in the Bible and an interesting question that deserves an answer.

Recommended Links
The Holy Bible: Leviticus 25:35-37

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