Economic Democracy

Global Capitalism: August 2014 Monthly Update

The lecture begins with brief updates and analyses of major economic events over the last month.  For August these include: -inequality and the fading "American Dream" -bubbles in sub-prime car loans and student debt -workers begin pushing back -internal economic tensions of Republicans and Democrats

"Economics of Republicans and Democrats"

 Updates on Pentagon's overpayments, mortgages tilt toward the rich, sub-prime car loan bubble, silence about intangible property tax. Major discussions: the economic organizations of Republican and Democratic Parties and more on socialism and Marx. Response to listeners on (1) clawing back public benefits to private corporations, and (2) using public assets to cover state budget deficits.

Marxian Economics vs Capitalism with Professor Richard D. Wolff

Do we have true capitalism? What exactly is Marxism, and why does it exist? Most Americans have a knee-jerk reaction against Marxism, but is it fully justified to not even speak of it? What political histories and structures are compatible with different economic systems? Is there a positive role Marxism has taken in national and world economies?

Avowed capitalist Cenk Uygur discusses these questions and much more with Professor Richard D. Wolff.

Telesur interviews Professor Wolff about US Federal Reserve and Greenspan rule

TeleSur interviews Professor Wolff about the US Federal Reserve and the years under Greeenspan.

Telesur interviews Professor Wolff about US Federal Reserve and Greenspan rule

TeleSur interviews Professor Wolff about the US Federal Reserve and the years under Greeenspan.

Economic Update: Psychology and Economic Decline

Updates on fast food workers, GDP data, Salt Lake City dailies, bathroom breaks. Interview with Dr Harriet Fraad, mental health counselor. Replies on FDR vs Obama and on how to counter corporate threats.

Economic Update: Psychology and Economic Decline

Updates on fast food workers, GDP data, Salt Lake City dailies, bathroom breaks. Interview with Dr Harriet Fraad, mental health counselor. Replies on FDR vs Obama and on how to counter corporate threats.

Economic Update: "Private Profit vs Social Benefit"

Updates on my Bill Maher appearance, the Arizona execution, direct actions in Seattle and in New England (market basket stores), Derek Jeter tickets, and Chinese meat scandal. Major discussions of Obama's low polls, the changing meaning of socialism, and differences between private profit and social well-being. Response to listeners on auto and beef industries, credit unions, and bullies.

Economic Update: "Economic Realities"

Updates on big bank fines, Tracy Morgan sues Walmart, highway trust and taxes, extreme wealth inequality in the Hamptons. Major discussions of workers self-directed enterprises and Oxfam's data on extreme global wealth inequality. Response to listeners on relation of wages to prices and on economic "value" of solar, wind and green energy vs coal, oil, gas and nuclear.

Capitalism’s Deeper Problem

Marie Antoinette, Queen of France, in coronation robes, 1775. (Photo: Wiki Commons)

Recent press reports refer to troubling price increases for such assets as real estate, government bonds, companies targeted for acquisition and artwork. A New York Times front-page headline read “The Everything Boom, or Maybe the Everything Bubble.”

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