Democracy at Work is partnering with the Left Forum and Judson Memorial Church to continue the Monthly Economic Update lecture series.
Updates on food insecurity, oil disaster economics, politicos go to Wall Street, billionaires buy homes, education In UK and US sustains elites. Major discussions of (1) employers' movement for a 4-day workweek, and (2) history of socialism vs capitalism (part 1 with part 2 next week) which was also response to many listeners' questions.
Updates on Burger King, French socialism, cell phone overcharging, Bank of America's fine. Major topics: advertising industry and once more on no recovery. Responses on Michigan teachers union fight, poor still kept out of US top colleges, corporate stock buybacks.
Professor Richard Wolff joins RT TV's Thom Hartmann for Conversations with Great Minds.
Updates on govt. housing for Johnny Cash, inequality and growth, economic lessons from Ferguson. Interview on Retirement Crisis in US with Prof. James Russell. Responses to questions: (1) how government subsidizes Walmart (with Food Stamps plus….), and (2) economics of advertising.
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
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.
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.