Economic Update: Capitalism’s Inequalities

Updates on Detroit’s and Illinois’s attacks on public employee pensions, minimum wages, tiny Middle East oil countries take over global air travel, job openings vs. unemployed, and companies’ profit-driven hustles of dangerous flame-retardant chemicals. Major discussions of (1) redistribution policies versus not distributing unequally in the first place and (2) capitalism’s uneven development. Response to emails on free trade’s consequences, robotics/less labor versus doing labor differently, and government repression against opponents of austerity policies.

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