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Economic Update: This System Does Not Work

Richard D. Wolff gives an economic update on the Olympics; Chicago university faculty strike; Chevron’s contempt; Gallup poll on unemployment; and more.

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Updates on the Olympics; Chicago university faculty strike; Chevron’s contempt; Gallup poll on unemployment; consumer debt rising again; Europeans opposing the privatization of water; and US adults marrying less to cope with the economy. Major discussions on how Soviet socialism actually worked and the decline and inadequacy of pensions in the US. Response to listeners on deflation in today’s world economy.

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Visit Professor Wolff’s social movement project, democracyatwork.info.

Permission to reprint Professor Wolff’s writing and videos is granted on an individual basis. Please contact [email protected] to request permission. We reserve the right to refuse or rescind permission at any time.

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