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It's been a three-year wait, but the Olympics Olympics are back, and multinational companies that moved the union rights out of it, or whether it's in the Delta. It's everywhere. There's not a county in this country now where a person making $7.25, that's what the minimum wage is. Federal minimum wage is $7.25. It's been like that forthe hollowing out of our factory towns that are not made in Beijing. These are decisions made in boardrooms in New York, in Seattle, in Congress.It's not always portrayed that way. It's portrayed as there's China taking our economy. But we have a big debate coming up Thursday Right. Trump, and correct me if I'm wrong, but Trump put some tariffs on China, and Biden has kept a lot of those tariffs? That's right.Has advanced them, actually.Has advanced them. What can we expect when this question comes up Thursday night? Where do they stand on this?I don't know how much nuance there will be in that debate, but let's face it, there are very few things- I think we all know how much nuance there'll be in that debate.There are not many things that garner agreement in American politics, but one of them, unfortunately, is this cartoonish depiction of China as this job-killing juggernaut without any of the details that we've already discussed here.I think in terms of the differences between these two candidates, Donald Trump is a threat to the global supply chain. He's proud to be a threat to the global supply chain. He likes the photo op of slapping tariffs on steel and mugging for the cameras with steelworkers going back to work. Never mind that there are 6-8 times as many people who go to work at factories in America that buy steel as there are people who make steel. Those companies are less competitive. Now, Biden is also bashing China. This is a bipartisan initiative, but it's a much more nuanced industrial policy. It's less about containing China's rise. I mean, Trump is really about, let's have a cold war with China. Biden is more about, let's embrace industrial policy. Let's try to make electric vehicles in the US. These are some significant differences.I was in Vermont this weekend, performing. I eat a lot of ice cream in my life. I wanted to go see the Ben and Jerry's Ice Cream factory where it all started. These were two men in 1978 who started making ice cream out of a gas station. And then as I dug into it, I was also reading your book. It's a perfect tie-in. I realized, oh, they sold the company to Unilever in year 2000. And all of a sudden, these two men who really care about keeping things local, who really cared about social issues, it felt like the big evil corporation was constantly pushing back against them and was constantly looking at profit margins. Is there something that I can feel optimistic about? Is capitalism always just defeat us and these two little Ben and Jerry men scooping this from us?I don't think it's capitalism. The people who benefit from the status quo would have us believe that regulating and taxing and enforcing antitrust laws, we might as well be advocating Venezuela style. It's just nonsensical. Capitalism needs markets. Markets need regulation. They can't function without. But in terms of what we can do, consumers are not going to save us from the vulnerabilities in the global economy. We're busy dealing with our kids.I can keep buying plastic shit for my four-year-old daughter on Amazon.I'm not turning you in. It's going to take antitrust enforcement, labor mobilization, so that working people get a piece of the action. So they're less likely to quit their jobs in the middle of a pandemic. Henry Ford, problematic character, knew a thing or two about making things in the supply chain. He said explicitly as he raised wages for workers in 2014 and was called a Communist by somebody, he said, I just want to make things reliably. Any business that's premised on low-wage labor is inherently unstable.That's where we're at right now. It feels like.I mean, normalcy is built on this idea that huge numbers of people have to do dangerous jobs away from their families with little control or understanding about their schedules, and they just have to suck that up for the benefit of our just-in-time, ruthlessly efficient, that turns out not to be so efficient global economy.You personally, that I can steal from you, what can I do? What do you do? What any habits of yours that have changed since researching and writing this?I try to give my business to people who are actually in control of their businesses. If you're mostly transacting with big companies that are answerable to Wall Street, then you're ultimately transacting competing with entities that are thinking about shareholder interests. Above all, they can't afford to be kind to their workers necessarily because their competitors aren't. They can't afford to think about keeping production local. They can't think about the highest quality ingredients, and they can't think beyond the next quarter. Certainly local small production. But again, consumers are not going to save us from the vulnerabilities in the global supply chain. It's going to take regulation. It's going to take labor mobilization.But it helps to know that my $14 strawberries at the farmer's market is probably going to better use than the $9 strawberries at the Amazon.You need to shop somewhere else.Exactly. I need to shop somewhere else. These are the celebrity prices that I get. Look, how the world ran out of everything is available now. Peter Goodman, everybody.Explore more shows from The Daily Show podcast universe by searching The Daily Show, wherever you get your podcasts.Watch The Daily Show weeknights at 11:00, 10:00 Central on Comedy Central. And stream full episodes anytime on Paramount+.Paramount Podcasts.It's been a three-year wait, but the Olympics are back, and the CBS Sports Podcast Network has you covered with everything happening in Paris. It's a new era for the US women's national team, and attacking third will tackle all the women's soccer action. First Cut will keep close tabs on golf, while Beyond the Arc will follow the US men's basketball team on a a quest for another gold. We need to talk now. We'll provide comprehensive coverage of women's athletes at the Olympic Games. Follow and listen to all CBS Sports podcast for free on the Odyssey app and wherever you get your podcast.

multinational companies that moved the union rights out of it, or whether it's in the Delta. It's everywhere. There's not a county in this country now where a person making $7.25, that's what the minimum wage is. Federal minimum wage is $7.25. It's been like that forthe hollowing out of our factory towns that are not made in Beijing. These are decisions made in boardrooms in New York, in Seattle, in Congress.It's not always portrayed that way. It's portrayed as there's China taking our economy. But we have a big debate coming up Thursday Right. Trump, and correct me if I'm wrong, but Trump put some tariffs on China, and Biden has kept a lot of those tariffs? That's right.Has advanced them, actually.Has advanced them. What can we expect when this question comes up Thursday night? Where do they stand on this?I don't know how much nuance there will be in that debate, but let's face it, there are very few things- I think we all know how much nuance there'll be in that debate.There are not many things that garner agreement in American politics, but one of them, unfortunately, is this cartoonish depiction of China as this job-killing juggernaut without any of the details that we've already discussed here.I think in terms of the differences between these two candidates, Donald Trump is a threat to the global supply chain. He's proud to be a threat to the global supply chain. He likes the photo op of slapping tariffs on steel and mugging for the cameras with steelworkers going back to work. Never mind that there are 6-8 times as many people who go to work at factories in America that buy steel as there are people who make steel. Those companies are less competitive. Now, Biden is also bashing China. This is a bipartisan initiative, but it's a much more nuanced industrial policy. It's less about containing China's rise. I mean, Trump is really about, let's have a cold war with China. Biden is more about, let's embrace industrial policy. Let's try to make electric vehicles in the US. These are some significant differences.I was in Vermont this weekend, performing. I eat a lot of ice cream in my life. I wanted to go see the Ben and Jerry's Ice Cream factory where it all started. These were two men in 1978 who started making ice cream out of a gas station. And then as I dug into it, I was also reading your book. It's a perfect tie-in. I realized, oh, they sold the company to Unilever in year 2000. And all of a sudden, these two men who really care about keeping things local, who really cared about social issues, it felt like the big evil corporation was constantly pushing back against them and was constantly looking at profit margins. Is there something that I can feel optimistic about? Is capitalism always just defeat us and these two little Ben and Jerry men scooping this from us?I don't think it's capitalism. The people who benefit from the status quo would have us believe that regulating and taxing and enforcing antitrust laws, we might as well be advocating Venezuela style. It's just nonsensical. Capitalism needs markets. Markets need regulation. They can't function without. But in terms of what we can do, consumers are not going to save us from the vulnerabilities in the global economy. We're busy dealing with our kids.I can keep buying plastic shit for my four-year-old daughter on Amazon.I'm not turning you in. It's going to take antitrust enforcement, labor mobilization, so that working people get a piece of the action. So they're less likely to quit their jobs in the middle of a pandemic. Henry Ford, problematic character, knew a thing or two about making things in the supply chain. He said explicitly as he raised wages for workers in 2014 and was called a Communist by somebody, he said, I just want to make things reliably. Any business that's premised on low-wage labor is inherently unstable.That's where we're at right now. It feels like.I mean, normalcy is built on this idea that huge numbers of people have to do dangerous jobs away from their families with little control or understanding about their schedules, and they just have to suck that up for the benefit of our just-in-time, ruthlessly efficient, that turns out not to be so efficient global economy.You personally, that I can steal from you, what can I do? What do you do? What any habits of yours that have changed since researching and writing this?I try to give my business to people who are actually in control of their businesses. If you're mostly transacting with big companies that are answerable to Wall Street, then you're ultimately transacting competing with entities that are thinking about shareholder interests. Above all, they can't afford to be kind to their workers necessarily because their competitors aren't. They can't afford to think about keeping production local. They can't think about the highest quality ingredients, and they can't think beyond the next quarter. Certainly local small production. But again, consumers are not going to save us from the vulnerabilities in the global supply chain. It's going to take regulation. It's going to take labor mobilization.But it helps to know that my $14 strawberries at the farmer's market is probably going to better use than the $9 strawberries at the Amazon.You need to shop somewhere else.Exactly. I need to shop somewhere else. These are the celebrity prices that I get. Look, how the world ran out of everything is available now. Peter Goodman, everybody.Explore more shows from The Daily Show podcast universe by searching The Daily Show, wherever you get your podcasts.Watch The Daily Show weeknights at 11:00, 10:00 Central on Comedy Central. And stream full episodes anytime on Paramount+.Paramount Podcasts.It's been a three-year wait, but the Olympics are back, and the CBS Sports Podcast Network has you covered with everything happening in Paris. It's a new era for the US women's national team, and attacking third will tackle all the women's soccer action. First Cut will keep close tabs on golf, while Beyond the Arc will follow the US men's basketball team on a a quest for another gold. We need to talk now. We'll provide comprehensive coverage of women's athletes at the Olympic Games. Follow and listen to all CBS Sports podcast for free on the Odyssey app and wherever you get your podcast.

the hollowing out of our factory towns that are not made in Beijing. These are decisions made in boardrooms in New York, in Seattle, in Congress.

It's not always portrayed that way. It's portrayed as there's China taking our economy. But we have a big debate coming up Thursday Right. Trump, and correct me if I'm wrong, but Trump put some tariffs on China, and Biden has kept a lot of those tariffs? That's right.

Has advanced them, actually.

Has advanced them. What can we expect when this question comes up Thursday night? Where do they stand on this?

I don't know how much nuance there will be in that debate, but let's face it, there are very few things- I think we all know how much nuance there'll be in that debate.

There are not many things that garner agreement in American politics, but one of them, unfortunately, is this cartoonish depiction of China as this job-killing juggernaut without any of the details that we've already discussed here.

I think in terms of the differences between these two candidates, Donald Trump is a threat to the global supply chain. He's proud to be a threat to the global supply chain. He likes the photo op of slapping tariffs on steel and mugging for the cameras with steelworkers going back to work. Never mind that there are 6-8 times as many people who go to work at factories in America that buy steel as there are people who make steel. Those companies are less competitive. Now, Biden is also bashing China. This is a bipartisan initiative, but it's a much more nuanced industrial policy. It's less about containing China's rise. I mean, Trump is really about, let's have a cold war with China. Biden is more about, let's embrace industrial policy. Let's try to make electric vehicles in the US. These are some significant differences.

I was in Vermont this weekend, performing. I eat a lot of ice cream in my life. I wanted to go see the Ben and Jerry's Ice Cream factory where it all started. These were two men in 1978 who started making ice cream out of a gas station. And then as I dug into it, I was also reading your book. It's a perfect tie-in. I realized, oh, they sold the company to Unilever in year 2000. And all of a sudden, these two men who really care about keeping things local, who really cared about social issues, it felt like the big evil corporation was constantly pushing back against them and was constantly looking at profit margins. Is there something that I can feel optimistic about? Is capitalism always just defeat us and these two little Ben and Jerry men scooping this from us?

I don't think it's capitalism. The people who benefit from the status quo would have us believe that regulating and taxing and enforcing antitrust laws, we might as well be advocating Venezuela style. It's just nonsensical. Capitalism needs markets. Markets need regulation. They can't function without. But in terms of what we can do, consumers are not going to save us from the vulnerabilities in the global economy. We're busy dealing with our kids.

I can keep buying plastic shit for my four-year-old daughter on Amazon.

I'm not turning you in. It's going to take antitrust enforcement, labor mobilization, so that working people get a piece of the action. So they're less likely to quit their jobs in the middle of a pandemic. Henry Ford, problematic character, knew a thing or two about making things in the supply chain. He said explicitly as he raised wages for workers in 2014 and was called a Communist by somebody, he said, I just want to make things reliably. Any business that's premised on low-wage labor is inherently unstable.

That's where we're at right now. It feels like.

I mean, normalcy is built on this idea that huge numbers of people have to do dangerous jobs away from their families with little control or understanding about their schedules, and they just have to suck that up for the benefit of our just-in-time, ruthlessly efficient, that turns out not to be so efficient global economy.

You personally, that I can steal from you, what can I do? What do you do? What any habits of yours that have changed since researching and writing this?

I try to give my business to people who are actually in control of their businesses. If you're mostly transacting with big companies that are answerable to Wall Street, then you're ultimately transacting competing with entities that are thinking about shareholder interests. Above all, they can't afford to be kind to their workers necessarily because their competitors aren't. They can't afford to think about keeping production local. They can't think about the highest quality ingredients, and they can't think beyond the next quarter. Certainly local small production. But again, consumers are not going to save us from the vulnerabilities in the global supply chain. It's going to take regulation. It's going to take labor mobilization.

But it helps to know that my $14 strawberries at the farmer's market is probably going to better use than the $9 strawberries at the Amazon.

You need to shop somewhere else.

Exactly. I need to shop somewhere else. These are the celebrity prices that I get. Look, how the world ran out of everything is available now. Peter Goodman, everybody.

Explore more shows from The Daily Show podcast universe by searching The Daily Show, wherever you get your podcasts.

Watch The Daily Show weeknights at 11:00, 10:00 Central on Comedy Central. And stream full episodes anytime on Paramount+.

Paramount Podcasts.

It's been a three-year wait, but the Olympics are back, and the CBS Sports Podcast Network has you covered with everything happening in Paris. It's a new era for the US women's national team, and attacking third will tackle all the women's soccer action. First Cut will keep close tabs on golf, while Beyond the Arc will follow the US men's basketball team on a a quest for another gold. We need to talk now. We'll provide comprehensive coverage of women's athletes at the Olympic Games. Follow and listen to all CBS Sports podcast for free on the Odyssey app and wherever you get your podcast.