Economic Update: "Economic Myths in the News"

Updates on real-wage decline 2010-2012, more on Walmart, Greece's bailout benefits only banks. Major discussions of small versus big business in US and of role of state in the US economy. Response to questions on transitional paths from capitalist to workers self-directed enterprises.

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.

Wolff will focus on wages, jobs, taxes, and debts - and on interest rates, prices, and profits. We aim to explain why certain economic changes are happening and other changes get postponed or blocked and we will explore alternative ways to organize enterprises, markets, and government policies. Economic Update is a weekly show for people who want to understand and change not only their own financial situation but also the larger economy we all depend on.

To listen in live on Saturdays at noon, visit WBAI's Live Stream

Economic Update is in partnership with Truthout.org

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Economic Update October 20, 2012

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Visit Professor Wolff's social movement project, democracyatwork.info.

Permission to reprint Professor Wolff's writing and videos is granted on an individual basis. Please contact profwolff@rdwolff.com to request permission. We reserve the right to refuse or rescind permission at any time.