On January 3, 2026, Tim Stern, a German investor, was sleeping peacefully at his Venezuela residence when the phone on his small bedside table suddenly went wild. As he explained to Timothy Allen of the “Free Cities Podcast,” calls streamed in immediately after news broke that the United States had bombed Caracas in the early hours of the morning. Within hours, it was clear that Venezuelan…
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Transcript
The following is a rushed transcript and may contain errors. A proofread version will be made available as soon as possible.
MICHAEL FOX [NARRATION]: Minneapolis has been on fire.
People in the streets against an onslaught from Trump’s ICE agents the likes of which the country has never seen.
Homeland Security has deployed thousands of agents, unleashing an assault that has ripped apart families and neighborhoods. They’ve killed two people, under shocking circumstances. Both U.S. citizens, Renee Good and Alex Pretti. Federal agents have arrested 4,000 people in Minnesota alone since they launched Operation Metro Surge two months ago.
KRISTI NOEM [CLIP]: But we’re surging operations because of the dangerous situation we see in this country and because we’re no longer going to allow illegal criminals to damage and harm, to kill, to sexually abuse, to proliferate drugs, and to steal American taxpayers dollars.
MICHAEL FOX [NARRATION]: That’s Kristi Noem. The head of the Department of Homeland Security. Of course, none of it’s true. But that doesn’t stop her or president Donald Trump from repeating these lines.
And Minneapolis, Minnesota, is just the latest city on Trump’s hit list.
SARAH LAZARE: I mean, there are so many horrific stories.
MICHAEL FOX [NARRATION]: Sarah Lazare is a labor journalist based in Chicago who’s traveled to Minneapolis in recent weeks to cover the ICE attack and the people’s response.
SARAH LAZARE: And really, the federal assault is only growing more intense. Like Chicago was really bad. There were really terrible things that happened. And you don’t want to compare tragedies at all because it’s all horrible. But the federal occupation of Minnesota, just in terms of scale and numbers, is just
In this episode of Inequality Watch, investigative journalists Taya Graham and Stephen Janis are joined by renowned economist Dr. Richard Wolff to break down how extreme wealth inequality is reshaping politics, economics, and democracy itself. First, Dr. Wolff explains how extractive economies concentrate wealth, fuel authoritarianism, and lock societies into destructive systems that benefit the ultra-rich while leaving working people behind. He then examines questions about the future of AI—can an economy still survive when millions are displaced from work? Who benefits and who pays the price?
Credits:
Written by: Stephen Janis
Produced by: Taya Graham, Stephen Janis
Post-Production: David Hebden
Transcript
The following is a rushed transcript and may contain errors. A proofread version will be made available as soon as possible.
Taya Graham:
Hello, my name is Taya Graham and welcome to the Inequality Watch, our show that reveals how extreme wealth inequality defines how we live while holding the people who hoard that wealth accountable. And today, we will be unpacking two topics that are critical to understanding how inequality defines and affects our lives and politics. Specifically, we’ll be breaking down how a highly politicized resource and the political economy it creates facilitates an authoritarian grip on our society in unseen ways. And then we will be breaking down how all of this leads to a frightening consolidation of power that threatens the very existence of our democracy. And to do so, we’re going to be joined by one of the most brilliant thinkers and popular analysts on the intersections of politics and economics on YouTube, Dr. Richard Wolff. But before we get to him, I want to break down an outline of our
After several months of rising tension between them, Colombian President Gustavo Petro sat down with U.S. President Donald Trump in a closed-door meeting that lasted approximately two hours at the White House on Tuesday. The two leaders have exchanged threats and insults since Trump returned to office in 2025, with Petro harshly criticizing the U.S. bombing of boats at sea and for threatening the…
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In the aftermath of the abduction of Venezuelan President Nicolás Maduro and his wife Cilia Flores, Venezuela has agreed to submit a monthly budget to the Trump administration, which will release money from an account funded by oil sales. It’s a deal for the interim government led by Delcy Rodriguéz that historian Greg Grandin calls “governing under the blade.” In a further shift away from the…
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