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Economic Update: Economic Crisis Deepening

Updates on economic decline in rest of 2012 and 2013; European resistance to austerity politics; private banks’ many costly misdeeds. Detailed discussions of Ireland’s economic crisis and Romney’s attack on recipients of government support. Critical comment on my reference to

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On Economic Update Professor Richard Wolff and guests discuss the current state of the economy, both locally and globally in relation to the economic crisis. This episode provides an update on the anniversary of Occupy Wall Street and how the movement has succesfully changed the American economy. The segment ends with an analysis of how the top 1 percent of Americans leverage the politically system against the bottom 99 percent to prevent them from gaining back the wages they lost in the economic system.