Economic Update: What Are the Social Costs of Capitalist Mega-Corporations?

On Economic Update Professor Richard Wolff and guests discuss the current state of the economy, both locally and globally in relation to the economic crisis. This episode provides an update on the widening LIBOR scandal and the fine Wells Fargo received for overcharging African-American and Hispanic families on their mortgages. The segment ends with an analysis of why government economic actions favor large corporations at everyone else’s expense.