Updates on CEO pay, the assault on social security, Maggie Thatcher, and "job creation." Interview with Chris Hedges on deepening social crisis, divisions, and turmoil coming. Response to listeners: on French socialists, hidden money, and workers coops paying taxes.
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.
web chat hosted by FireDogLake on April 8, 2013
Richard Wolff’s latest book, Democracy at Work: A Cure for Capitalism, makes provocative observations about our economic woes and proposes thoughtful solutions. His writing is concise and clear so even if you do not agree with his perspective on the world you come away with a clear understanding not only of what he thinks, but why your thinking doesn’t align with his.
Talk Nation Radio is a half-hour weekly radio show syndicated by Pacifica Network. It airs on radio stations across the country, as well as being available online. Richard Wolff is a professor of economics emeritus at the University of Massachusetts Amherst and the author of Democracy at Work.
Total run time: 29:00
Host: David Swanson. Producer: David Swanson. Music by Duke Ellington.
Syndicated by Pacifica Network.
Updates on "recovery," No. Dakota's public bank, costs of US wars, global austerity, and rising health care costs for employees. Major discussions of banking crisis, Stockton, CA bankruptcy, declining US manufacturing and "neutrality on raising corporations' taxes. WSDEs: Mexican tire factor run by workers since 2005; responses to questions on "pure" capitalism and business reactions to resource limits.
First, its clear that profits as a percentage of total US GDP have recovered from the crash of 2008. Unemployment may still be over 50% higher than it was in 2007, and real wages may be below what they were then, and the benefits and security of jobs may have fallen, but profits have come back. And with them the stock markets. Hence also the upbeat talk about “recovery” yet again.
Updates on Cyprus's extreme austerity, equal justice and markets, falling job quality, and capitalism's impact on China. In-depth discussions of how worker coops can get needed capital and on basic flaw in economic education at college and university levels. Response to listeners' questions on printing money and inflation and on teachers' self-directed schools.