Yanis Varoufakis proposes a provocative idea: democracy is not compatible with capitalism. He argues corporations have gained too much control and advocates for an "authentic democracy."
With less than a week to go to voting day for the presidential election, and the race between Donald Trump and Hillary Clinton tightening, financial markets are starting to get the jitters. With the election almost upon us, the stock market is paying close attention — and that's unusual. Markets don't usually move too much based on who wins the presidency. But this time around it's a different story, and as Donald Trump's prospects have improved, stocks have been falling.
The country's central bank decided to lift controls and let the pound float freely. The move is designed to take aim at the black market and is likely to cause prices to jump.
On today's show, Planet Money's economist-approved fake candidate makes his first ads. Then we nervously watch to see what a focus group thinks of them.
Federal Reserve policymakers finished meeting Wednesday, less than a week before Election Day. They left interest rates unchanged but said the case for more expensive loans is strengthening.
In recent weeks, U.S. corporations have announced multibillion-dollar deals in a huge wave of mergers. Economists say that can hurt consumers, workers and savers — but also strengthen the economy.
VW introduces a new SUV, the Atlas, as the company tries to turn the page from the diesel emissions scandal. The company agreed to pay $14.7 billion to settle claims by customers and regulators.