originally appeared on Al Jazeera's Inside Story
As unemployment in the US decreases and large companies expand their profit margins, has the capitalist system once and for all proven its ability to endure and adapt?
The jobless rate in the US has dropped to its lowest level in four years. And the economy, which in 2008 appeared to be on the brink of collapse, is said to be recovering.
Updates on public pensions crisis and megabanks' massive failures. Interview: NYU Prof. Juan Flores on class warfare in the US. Responses to listeners on federal subsidies of big banks and on varieties of capitalism.
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.
This show originally appeared on Aljazeera's website.
"All of this is so much theatre designed to win the election. And what comes later will depend on the pressures and the realities .... Then we are left with a Mr Romney, where we have no idea where he actually is going to go and that may well be because he doesn't either."
- Richard Wolff, a professor of economics at University of Massachusetts-Amherst
A sure sign of the changing counsciousness and a growing presence of an economic analysis systemically counter to the mainstream. I joined David Harvey in speaking with Charlie Rose this week.