We begin with Larry Summers and other signs of a broken economic system. Then the economics of Nebraska ending it's death penalty and vast sports corruption (FIFA). Responses to listeners on reorganizing universities and household class structures. Major interview with two guests, Professor Richard Walker and Dr. Gray Brechin, on rediscovering the New Deal.
Thom Hartmann discusses with Prof. Wolff the state of the U.S. and world economies.
Opening updates focus on Seattle, Puerto Rico, Los Angeles, and Portugal. We then examine business domination of universities in service to profits and Republican efforts to undermine Democrats revenues from unions. We answer listeners' questions about business influence on govt policies and the question: "What is fascism?". Major topics treated in the program's second half are repression aimed at those resisting austerity and crisis of US higher education.
“As Capitalism’s Crisis Deepens, Thoughts of Socialism Return Again”
Development, Thought and Policy Lecture Series: Austerity and Neoliberalism in Greece, sponsored by the Julien J. Studley Graduate Program in International Affairs, at the Milano School for International Affairs, Management, and Urban Policy. Professors Richard Wolff and Barry Herman share their insights.
WTO, TPP, NAFTA, CAFTA, and a host of trade agreements are causing America to hemorrhage jobs and the resultant downward pressure on wages. Add the productivity gains realized from automation and technology and the future of jobs in America looks pretty bleak. The government is cutting back on social programs and privatized welfare systems dependent upon the whims of the wealthy didn’t work for Louis the XVI or any other aristocracy throughout history. How will American workers support their families and keep our economy vibrant? There is a way but it will take courage.
Updates on Alberta election, Kansas closes schools early, Gallup polls on unequal US wealth and on average work weeks over 40 hours, Uber and markets, ignorance about USSR economy. Response to listeners on public subsidies to private profits. Interview with Dr. Harriet Fraad on children and families in US capitalism.