Updates today on a judge's rare rebuke of cosy SEC relations with banks, on rising debt among the elderly, on American Airlines' bankruptcy to pay its workers less, on latest unemployment data, and on Yale University's tax exempt fund-raising. The major focus was on Bloomberg Market Magazine's expose on Federal Reserve's secret $7.77 trillion loans to major banks. Question answered explained how markets could be changed to rationally connect workers' self-directed enterprises minus the traditional profit motive and its wasteful costs.
Richard Wolff speaks on The Big Picture with Thom Hartmann on Tuesday, November 29th 2011. The Eurozone is creeping closer and closer to spiraling into an economic abyss. And the biggest economy in Europe, Germany, has major reservations about riding in on a white horse to save the day.
Updates covered rise in corporate profits versus fall in wages and salaries as % of GDP over last 50 years, economics of US military buildup in Asia, rising European governments' debts and interest costs, Newt Gingrich's lobbying income, and campaign to cancel student debt. Detailed analysis of European economic crisis and risk of dissolution of the European Union because of uneven/unequal capitalist economic development. Response to question about workers' self-directed enterprises if they function in a market economy.
Rick Wolff is one of the many speakers as part of the Howard Zinn Memorial Lecture Series at Occupy Boston.
To learn more about the lecture series, please see the related links. For the Twitter page for Occupy Boston, click here.
The idea of workers self directed enterprises is that the workers displace and replace the capitalists with themselves. This has to be the next step in the process of transformation.
Professor Richard Wolff speaks at the Rosa Luxemberg Foundation in Berlin on November 5th 2011.
Professor Wolff and guest, Matt Renner of Truthout.org and Occupier, discuss the past week of events at Liberty Park, "business drag" as a strategy of protesters, co-operation with the Labor Unions, the repeated destruction of the People's Library, and the impact of this revolution.
Updates focused on the Harvard students walkout of their economics class, the labor union victories in Ohio elections and building bridges to the Occupy Wall Street movements, and the deepening Greek and Italian economic crises. Featured interview with Christina Towne - Part 2 - discussing her activities in and her thoughts about the future of Occupy Wall Street: a real insider's perspective.
Richard Wolff joins host Mitch Jeserich on Letters and Politics for a primer on the Italian and Green Economic Crisis, as well as discuss the students of California beginning Occupations on campuses across the state.