- Published on January 28, 2013AUDIO
- Published on January 6, 2013AUDIOUpdates on how the new US tax deal favors the rich, deepening student loan problems, and how 2012 benefited billionaires. Analysis of possible conversion from a war-oriented to a peace-oriented economy. Response to listener question on using workers' pension funds to change corporate behaviors. 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 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.
We’ll discuss what the next phase of the economy should look like after the recovery is over. We’ll debate the value of growth — whether raw economic growth is, in itself, a good thing, or whether a happy, sustainable future with broad prosperity for all is possible without constant growth. And we’ll examine the major battles in Silicon Valley over intellectual property, likely to be one of the bulwarks of the next economy.
Joining Chris at 8 AM ET on MSNBC will be:
In capitalist enterprises across the US, when the working day ends and employees return to their homes, many stop at bars along the way. Signs invite them in for a “Happy Hour” of drinking. The implication is that the previous hours – working – are the day’s unhappy hours. Similarly, current mainstream academic economics (“neoclassical economics”) ascribes “disutility” to labor, an absolute and universal characteristic of labor per se.