Economic Update: How Our Economic System Impacts Our Psychology

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Economics Professor Richard D. Wolff and guests discuss the current state of the economy, both locally and globally in relation to the economic crisis. In the latest segment Wolff discusses the huge fines for major pharmaceutical firms, the long-standing and huge wealth redistribution from richer to poorer states by Washington, and the funding crisis in public higher education. The main interview features Dr. Harriet Fraad discussing the profound psychological costs of capitalism’s instability. The radio show segment ends with a response to questions on the transition to mass transit from private cars.