(Photo: Ivan Kashinsky / The New York Times)
This article originally appeared at Truthout.org
Capitalism has a long, ugly history of scapegoating immigrants. The pattern has been repeated often. For example, British capitalism's drive to empire helped force the Irish, as colonial subjects, to emigrate. Miserable colonial conditions, including horrific famines, drove many Irish to labor for capitalists in England at wages lower than English workers had won. English workers raged against and clashed with the Irish immigrants more than they struggled against the colonial system that had brought them.
On this week's episode of Economic Update, Prof. Wolff provides updates on Corbyn's victory in UK, Uber drivers unionize, state retirement systems sued for threatening pensions, hard facts about...READ MORE
Prof. Wolff joins The Greylock Glass's Growl Podcast to discuss the TPP and the ever vanishing higher education careers.
Recent statistics from the US Census Bureau show improvement from 2014-2015, but in reality, wages are in a real decline and no mechanisms have been put in place to prevent another crash, says Prof. Wolff.
Like much else in economies, finance both enhances the economy's growth and development and undermines it. The balance between these contradictory effects depends on all the other aspects of an economy and society and how they all influence financial contradictions. From its first entrance into the economy -- that part of society concerned with the production and...READ MORE
Global Capitalism, Monthly Economic Update:
"Labor Day: The Condition of the Working Class & Labor's Strategy"
These programs begin with 30 minutes of short updates on important economic events of the last month. Then Wolff analyzes several major economic issues. For September 2016, these will include...READ MORE
Prof. Wolff joins The Big Picture RT's Thom Hartmann to discuss whether the FED has created a "False Economy."