The Economic Crisis
originally appeared in Truthout.org
Thomas Friedman's latest column touting online education "is another exercise in (1) finding a potential positive dimension of capital's latest profit-driven move, (2) hyping it and (3) ignoring its contradictions, especially those that are negative."
- Published on January 20, 2013AUDIOUpdates on Gerard Depardieu's individual tax evasion, corporate tax evasion via profit repatriation, worst CEOs of 2012, and phony DC "debt-ceiling" theatrics. Discussion of Swiss bank crimes, Keynesian vs Marxian economics, political turmoil in 2013, and criticism of markets. Response to question on new capital gains taxes. 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.
Extremely unequal distributions of wealth and income continue to enable the richest and largest individuals and enterprises to manipulate the economy and control the political parties. The result is an economic structure disinterested in a democratically focused way out of crisis and decline.
- Published on January 5, 2013VIDEO
- We ask if falling US unemployment rates and increased profits for large companies show capitalism can adapt and endure.Published on January 4, 2013VIDEO
originally appeared on Al Jazeera's Inside Story
As unemployment in the US decreases and large companies expand their profit margins, has the capitalist system once and for all proven its ability to endure and adapt?
The jobless rate in the US has dropped to its lowest level in four years. And the economy, which in 2008 appeared to be on the brink of collapse, is said to be recovering.
- Are Worker Co-Ops the “Cure” for Capitalism, or a (“Gasp”) Slippery Slope to Socialism?Published on December 30, 2012AUDIO
My 15MOF interview today will be with someone I have wanted to have on our program for some time, and that is Dr. Richard Wolff, who is currently a Visiting Professor in the Graduate Program in International Affairs of the New School University here in New York City.
Credentials? He is Professor of Economics Emeritus, University of Massachusetts, Amherst, and has earned a BA magna cum laude in history from Harvard in 1963 and an MA in economics at Stanford.
- Published on December 30, 2012AUDIO
Updates on Marvins' "shared unemployment," $4 trillion profits hoarded by US corporations, and root issues of the "fiscal cliff." Discussion of solutions for unemployment. Responses to listeners: on pluses and minuses of China's economic growth and on the contradictions of "social investing."
- Published on December 26, 2012AUDIOUpdates and discussion of pensions and guns, fiscal cliff, charitable tax deductions, Mondragon, the environment, and prison economics. 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.