Updates on PEW polls on shifts to market economies in Lithuania, Ukraine and Russia; on US media consolidation into 6 giant companies; on bankruptcy of Jefferson County, Alabama. Analysis of (1) public enterprises in US and especially community owned-power companies, and (2) economic inefficiency of global capitalist competition (example: excess automobile capacity). Response to questions on Henry George and taxing rents and on growth of pornography.

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.We 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