Economic Update: Spains Thriving Communist Mayor, and More

Economics Professor Richard D. Wolff and guests discuss the current state of the economy, both locally and globally in relation to the economic crisis. The segment contains economic updates on Providence, Rhode Islands cuts to retired city workers’ pensions and a tax exemption for Brown University; joblessness and unemployment for recent college grads; and the thriving communist mayor of Marinaleda, Spain. Major discussions focus on how and why enterprises buys political influence, including examples from Hollywood producers and the ATT Corp. The radio segment ends with responses to questions about the Tobin Tax on financial transactions and on how and why national debts have serious economic consequences.