Updates on wage theft in US, critique of "US economic recovery" hype with focus on auto industry and bankruptcy of Stockton, CA, and analysis of stagnation in Europe. In-depth critical analyses of (1) claims that the US benefits from free trade despite loss of US manufacturing jobs, and (2) Republicans and Obama on reducing corporate taxes. Responses to questions on "terrorism" fear-mongering and on the meaning of "exploitation."

 

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