Rana Foroohar: Is the Economy Broken? | The Agenda

Video Description

Globalization and free trade won the day for decades. National governments made deals and opened borders to goods and capital, though not without skeptics and, in some cases, massive protests. It led to remarkable growth and fundamental problems, such as growing inequality. Rana Foroohar is a global business columnist and associate editor at the Financial Times (https://www.ft.com/rana-foroohar) and a global economic analyst for CNN (https://www.cnn.com/profiles/rana-foroohar-profile). Her new book https://www.ranaforoohar.com/books diagnoses what happened and offers a sober analysis of what should come next. The book is called: “Homecoming: The Path to Prosperity in a Post-global World.” And Rana Foroohar joins The Agenda (https://twitter.com/TheAgenda from New York, New York). This episode of The Agenda (https://www.tvo.org/theagenda) hosted by Steve Paikin (https://twitter.com/spaikin) and was produced by Meredith Martin (https://twitter.com/meredithmartin) Homecoming is published in Canada by Penguin Randomhouse @PenguinRandomHouseCanada 00:00 Intro 01:20 Who is the economy working for? 02:37 Neoliberal Globalization 04:33 Thomas Friedman, author of The World is Flat 06:35 A great amount of global wealth 08:38 Excerpt from Homecoming 09:45 Productivity 11:57 Share buybacks 12:52 Why is this a problem? 14:30 Software engineer or burger flipper 15:30 Richard Trumka 18:35 Where is the revolution? 19:35 Record global money dump 21:00 Younger people are the greatest voting block 23:00 Industrial strategies 24:00 What about Canada? 25:30 Socialism? 27:19 Tailwinds for change Subscribe to The Agenda with Steve Paikin on YouTube: https://www.youtube.com/c/theagenda?sub_confirmation=1 Listen to the podcast: https://www.tvo.org/podcasts/the-agenda-with-steve-paikin-audio Follow on social media: Facebook - https://www.facebook.com/TheAgenda Twitter - https://twitter.com/TheAgenda Subscribe to TVO Media Education Group newsletters: https://www.tvo.org/newsletters Get the TVO Today app: App Store: https://apps.apple.com/ca/app/tvo-today/id1616182112 Google Play: https://play.google.com/store/apps/details?id=org.tvo.tvomediaapp See more ways to access The Agenda with Steve Paikin and TVO Today: https://www.tvo.org/tvo-anytime-anywhere The Agenda with Steve Paikin is TVO Today's flagship current affairs program, devoted to exploring the social, political, cultural and economic issues that are changing our world. We consistently offer a diversity of viewpoints and in-depth analysis of what lies behind the headlines. See more about The Agenda with Steve Paikin at https://www.tvo.org/theagenda