This episode provides updates on Ben Bernanke’s new big-bucks finance job, GM avoiding billions in victims’ claims on faulty ignitions, the US public’s self-delusion on inequality and anti-student-debt activism. We also respond to questions regarding the impact on China if capitalism’s “relocation” stopped. Finally, we give an in-depth critical analysis of the economics of wages and prices, the narrowness of the economics of education and basic global economic development issues.
To see more stories like this, visit Economic Update: Your Weekly Dose of Revolutionary Economics
To listen in live on Saturdays at noon, visit WBAI’s Live Stream
Economic Update is in partnership with Truthout.org
Your radio station needs Economic Update! If you are a radio station, check this out. If you want to hear Economic Update on your favorite local station, send them this.
Visit Professor Wolff’s social movement project, democracyatwork.info.
Not everyone can pay for the news. But if you can, we need your support.
Truthout is widely read among people with lower incomes and among young people who are mired in debt. Our site is read at public libraries, among people without internet access of their own. People print out our articles and send them to family members in prison — we receive letters from behind bars regularly thanking us for our coverage. Our stories are emailed and shared around communities, sparking grassroots mobilization.
We’re committed to keeping all Truthout articles free and available to the public. But in order to do that, we need those who can afford to contribute to our work to do so — especially now, because we have just 3 days left to raise $35,000 in critical funds.
We’ll never require you to give, but we can ask you from the bottom of our hearts: Will you donate what you can, so we can continue providing journalism in the service of justice and truth?