Trump's Big Beautiful Bill, Mamdani's Win, & How the Status Quo Rigs the Market w/ Dean Baker

Parallax Views w/ J.G. Michael

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9d ago 1:25:29

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On this edition of Parallax Views, the Center for Economic and Policy Research's Dean Baker, author of the "Beat the Press" blog at the aforementioned CEPR, joins the program to discuss President Donald Trump's Big Beautiful Bill, Zohran Mamdani's Mayoral primary win against Andrew Cuomo, and how the political status quo rigs the market in favor of the rich. A good deal of this conversation is centered on market myths, particularly what Baker sees as the pernicious myth that Republicans hate government and love free markets. On the contrary, Baker argues that Republican love government as long as it benefits monopolistic corporate power. Government, he argues, always shapes the economy and that markets need government to exist regardless of whether you're a conservative, progressive, or centrist on domestic economic issues.

We also discuss Trumponomics vs. Bidenomics, Biden's CHIPS and Science Act, Trump's tax cuts for the rich, Ezra Klein and the Abundance Movement, the Biden era NLRB (National Labor Relations Board) and Lina Khan-led FTC (Federal Trade Commission), Donald Trump and faux populism, Baker's defense of Biden's domestic economic policies, Trump's Medicaid and food assistance program cuts, understanding the issue of monopolies through the example of patent and copyright laws, non-competes and monopoly power, Baker's critique of Trump's tariffs policies, addressing Trump's so-called "populist measures in the "Big Beautiful Bill" (no taxes on tips, no taxes on overtime, no taxes on Social Security, and the tax deduction for interest on new car loans), inertia and laziness as a major cause of distortion in policy discussions, MAGA's desire to see manufacturing brought back to the United States, whether or not Trump is a continuation or break with the GOP, Trump's push for full employment policies in his first term, the problem with how status quo Democrats are approaching politics today, and much, much more.

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