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Choosing Ryan, Embracing Austerity

Whatever electoral calculations drove Mitt Romney to choose Paul Ryan as his vice-presidential running mate, the choice also has a deeper meaning.

Richard D. Wolff: Can We Remake Our Workplaces To Be More Democratic?

The economic crisis of the past five years has caused a lot of people around the world to question the very foundations of our system -- is capitalism really the best way to do things? One of the biggest problems, though, is that there seems to be no other way to run an economy. Communism has been discredited—the Soviet Union failed, and China has moved to a strange hybrid that at times seems to take the worst of both communism and capitalism—and no one's got an alternative.   Dr. Richard D. Wolff has spent the better part of his life as a critic of capitalism.

Economic Update: "The Public's Health and Economics"

Updates on extremes in Spain's crisis, Paul Ryan as VP candidate, US Justice Dept drops case against Goldman-Sachs, college costs crisis, and fast-rising food prices. Interview with Prof. Carles Muntaner on how deeply social and economic conditions shape health and on the implications of that shaping. Question answered on requiring workers in Workers Self-Directed Enterprises to all participate in directing enterprises.

A Public Affair: Interview with Allen Ruff on Professor Wolff's new book Occupy The Economy

This interview originally appeared on WORT FM.

Allen Ruff interviews Professor Wolff about his latest book Occupy the Economy. Interview starts at 5:42.

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Democracy at Work is a project, begun in 2010, that aims to build a social movement. The movement’s goal is transition to a new society whose productive enterprises (offices, factories, and stores) will mostly be WSDE’s, a true economic democracy.

Colorado Killings, Psychology, and Economics (Podcast)

More important than pathologizing the individual who killed is the task of evaluating the social and psychological conditions - changeable by collective action - that can explain why his frustrations and failures should take such a violent turn against others. In other words, why does the US have more such violent, gun-using explosions of extreme personal upset than most other advanced countries combined?

Economic Update: "Economic Facts and Realities"

Updates on Europe's ongoing crisis, real US tax history, bank tycoon admits "mistakes", food price inflation again. Major analyses: economics of Medicaid and AFL-CIO closes National Labor College. Responses to questions on "planned obsolescence" and what individuals can do in crisis times.

On Economic Update with Professor Richard Wolff, Wolff and guests will discuss the current state of the economy, both locally and globally in relation to the economic crisis.

Crisis Persists (Blog)

The latest employment report (for July 2012) from the Bureau of Labor Statistics (BLS) in Washington documents the utter failure of the political establishment to respond effectively to the crisis that began in December 2007. Unemployment remains over 8 %, more than 50% higher than it was in 2007. The U-6 figure published by the BLS that adds to these unemployed the numbers of marginal workers (those who gave up looking for work) and the part-timers who want full-time work has returned to 15% of the labor force, nearly 20 million Americans.

After 5 Years: Report Card on Crisis Capitalism

After 5 years of crisis - with no end in sight - it’s time to evaluate what happened, why, and what needs to be done. One key cause of this crisis, missed by most mainstream analyses, is the class structure of capitalist enterprises. By that I mean enterprises’ internal organization pitting workers against corporate boards of directors and major shareholders. Those boards seek first to maximize corporate profits and growth. That means maximizing the difference between the value added by workers’ labor and the value paid to workers in wages.

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