Sluggish “Recovery” from the Great Recession Due to Shortage in the Creation of Well-paying “New Tech” Manufacturing Jobs

Peter Mathews on KTLK AM 1150, The David Cruz Show: Peter Mathews: “FDR’s ‘Economic Bill of Rights’ inspires investment in job creation”. Professor Peter Mathews looks at the reasons for the weak economic “recovery” and why the rich keep getting richer, while working Americans keep getting poorer. He examines the monopoly style practices of Big Corporations such as Big Banks, Big Oil, and Big Pharmaceuticals, where 4 to 7 Big Businesses control 80% to 90% of the market, making it hard for Small Business to compete. This reduces consumer demand, preventing strong job growth. Mathews suggests that to fully grow the economy out of the Great Recession Congress needs to close the unproductive corporate tax loopholes and invest the money in providing capital for small business, in quality, affordable education, and in new technology manufacturing such as building Maglev trains, solar panels, wind farms, electric cars, and the necessary infrastructure.  [Listen]