Updates on Spain’s government vs radical unions’ responses to crisis, who gains most from expanding money supply, temp and low-paid replace middle level jobs, US dominates global arms sales. Analyses of who pays federal taxes and basic differences between capitalist enterprises and workers’ self-directed enterprises. Responses to listener comments on (1) China’s economic growth and (2) “capitalism with a human face”
On Economic Update with Professor Richard Wolff, Wolff and guests will discuss the current state of the economy, both locally and globally in relation to the economic crisis.
Wolff will focus on wages, jobs, taxes, and debts – and on interest rates, prices, and profits. We aim to explain why certain economic changes are happening and other changes get postponed or blocked and we will explore alternative ways to organize enterprises, markets, and government policies. Economic Update is a weekly show for people who want to understand and change not only their own financial situation but also the larger economy we all depend on.
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