Economic Update: How Economic Conditions Shape People’s Political Activity

Economics Professor Richard D. Wolff and guests discuss the current state of the economy, both locally and globally in relation to the economic crisis. This week’s show provides updates on New York Mayor Bloomberg’s veto of a bill raising minimum wage, the economics of single-payer medical insurance, and major insurance companies’ withholding of death benefit payments. Major part of the program is devoted to responding to listeners’ questions and comments on (1) property tax exemptions for rich universities, (2) how to get economic system change, (3) causes of rise of financialization in modern capitalism, and (4) how economic conditions shape people’s political activity.