Updates on Obama's SOTU speech, ECB pumps up money supply to stimulate Europe, forgiving Greece's (just like Germany's) debts, and US housing extremes. Response to questions on global wealth inequality and Switzerland's currency maneuvers. Interview with Dr. Harriet Fraad on US economy's disastrous impact on children.
The wealthy elite are getting even richer, and a new report says that by 2016, the top 1% will control more than half of the world's wealth. What explains this staggering level of inequality, and is there any way to buck this trend? Prof. Wolff explains.
On this episode of Breaking the Set, Abby Martin interviews economist and Professor Emeritus at the University of Massachusetts, Richard Wolff, about the reasons for the dramatic decline in oil prices and the impact it will have on the global economy. (minute 19:40)
Monthly Economic Update: Co-sponsored by Democracy at Work, Left Forum, and Judson Memorial Church “The Economics of a New Year” Judson Memorial Church Assembly Hall 239 Thompson Street at Washington Square, Manhattan These programs begin with 30 minutes of short updates on important economic events of the last month. Then Wolff analyzes several major economic issues. For this January 14, these will include: 1. Causes and consequences of the oil price collapse: can it produce another crash? 2. Greece: if Jan.
Updates on Democrat's "Robin Hood" tax, riders shift from planes to buses, and misleading US job market headlines. Responses to questions on big bankers' self-image and the basic economics of US federal estate tax and state and local taxes. Interview: Prof. Peter Bratsis on Greek election January 25 and ongoing struggles, in Greece and beyond, to end austerity.
This article originally appeared at Truthout.org
In the following interview, New School professor and economist Richard Wolff provides his analysis of the causes of the economic crisis in Greece and in the eurozone, debunks claims that the Greek economy is recovering and offers his proposal for what a post-capitalist future could look like for Greece and the world.
Updates on rising health insurance costs, rebel economists, Senate costs. Response to questions on Greek crisis, falling school funding, wealth inequality in US that blocks "recovery." Interview with London economics professor John Weeks.
Updates on successful Oregon teaching assistants’ strike, evicting the homeless, law limits unpaid internships to 4 weeks, and universities become businesses. Response to our audiences on the economics of war and military in US – “the elephant in the economy” – and on political corruption in the new budget. Major discussion of the sharp decline in most Americans’ wealth since 2007 (no recovery there either) coupled with widening wealth gaps between whites and both African-Americans and Hispanic-Americans.