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Economic Update: The Trend to Inequality

Richard D. Wolff discusses conservative inequality denials, the significance of “productivity” statistics, and more.

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Updates on economic decline and meanness, car sales in China, McDonalds embarrassed, Cuba exports doctors to Brazil, and a campaign to rescue higher education from “efficiency.” Major discussions of conservative inequality denials and of the significance of “productivity” statistics. Response to question on the nature, origin and meaning of “profit.”

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