Published on June 17, 2012
Updates on cut public services and business vs consumer debts. Analysis of (1) resumed economic downturn and (2) irony that unions and left allies "saved" capitalism in 1930s but don't now. Question on unemployment measures and debates.
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.
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Economic Update June 17th, 2012
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