Published on January 21, 2012
Updates on top bank executives' 2011 pay, on multiple legal judgements against Johnson and Johnson for marketing psychotropic drugs (including to children), and on Greek, Portuguese and German workers' workweeks and productivity to refute claims that "lazy workers" cause southern Europe's economic problems. Interview with Mark Provost on growing inequalities of income and of wealth in the US: causes and implications. Response to listener's question on the "moral hazard" issue and beginning a discussion of different kinds of coops.
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.
WBAI Economic Update January 21st, 2012
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