Updates this week focus on Walmart's elimination and cut-backs of health insurance for its employees, on the failed inspections that recently allowed unclean melon production to kill 25 Americans and sicken many more, on the rising scandal of college students' debt burdens, and on the grotesque Herman Cain plan that would sharply lower taxes on the richest Americans. The major focus was a comparison of the 1930s with the current crisis in capitalism to draw lessons for the kind of economic policy now that the Occupy Wall Street movement might consider. 

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. 

 

To listen in live on Saturdays at noon, visit WBAI's Live Stream

 

Economic Update is in partnership with Truthout.org