Economic Update: Profit, Austerity and Criticizing the System



Updates on profit-driven scandals (horsemeat in Europe and fish in US); how long we work, Correa's anti-austerity victory in Ecuador, and getting public benefits for public investment in sports stadiums. Major analyses of "internship" in US business and the basic contribution of Marxian economics. Description of Colorado worker self-directed enterprise and response to listeners on (a) mutual decision-making between residential communities and worker coops' and (b) critique of Marxian debates on crisis causes.
 
 
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.

Wolff 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

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Profit, Austerity and Criticizing the System

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Visit Professor Wolff's social movement project, democracyatwork.info.

Permission to reprint Professor Wolff's writing and videos is granted on an individual basis. Please contact profwolff@rdwolff.com to request permission. We reserve the right to refuse or rescind permission at any time.