Lessons from Megabanks’ Megascandals

Updates on big bank misdeeds, internet provider monopoly, and social effects of unemployment. Critical analysis of proposal to break up big banks, capitalism and the tomato industry, and expose of real goals of austerity policies. Response to listeners with example of successful worker coop (WSDE), Union Cabs of Madison, WI., differences between ESOPs and WSDEs, and beginning of analysis of how WSDE’s raise the capital they need to start and continue.

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.

To listen in live on Saturdays at noon, visit WBAI’s Live Stream

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