Economic Update: "Following the Money Trails"

Updates include Capital One Bank's misdeeds, French socialists' new policies, taxing churches in Spain, Walton family's immense wealth, strike at Caterpillar, and taxing private wealth. Major discussions of huge corporate cash hoards and vast private wealth hidden from view and from taxes in tax-havens. Responses to questions on reorganizing banking and on Marx's surplus value theory.

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

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Economic Update July 27th, 2012

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