Rana Foroohar: Is the Economy Broken? | The Agenda

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 (www.ft.com/rana-foroohar) and a global economic analyst for CNN (www.cnn.com/profiles/rana-for.... Her new book 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 ( / theagenda from New York, New York).
This episode of The Agenda (www.tvo.org/theagenda) hosted by Steve Paikin ( / spaikin ) and was produced by Meredith Martin ( / 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
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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 www.tvo.org/theagenda