Economic Update on WBAI Dec 31st, 2011
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Published on December 31, 2011
Updates on (1) "the markets" as fake causes of layoffs and austerity, (2) the SEC deal over Citigroup conflict of interest, (3) China's tariffs on US autos, and (4) US real wage drop in 2011 while labor productivity and thus profits rise. Major interview with Gar Alperovitz on US economic decline and movement toward "socialized capital" and worker owned and directed enterprises.
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.
Economic Update is in partnership with Truthout.org
WBAI Economic Update December 31st, 2011
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