The Economic Crisis
- Published on May 9, 2012VIDEO
These Tuesday evenings will each begin with an update and analysis of major economic events of the last month and their contexts of longer-term economic trends shaping politics and society here and abroad. We will focus on the evolving global capitalist economic crisis and its consequences. We will examine topics such as
- Published on May 6, 2012AUDIOSlightly different format divides today's program into two parts. Part 1 deals with how and why government take-over of private corporations need not be and often is not "socialism" and why it is often done to strengthen private capitalists.
- Published on May 2, 2012VIDEOSo what's the big picture to today's events? Yes, there's enormous wealth inequality. Yes, the economy still isn't producing wealth for the vast majority of us. Yes, there's Wall Street still making huge profits off screwing over customers. Yes, students are saddled with a trillion dollars in loans. But WHY is all of this happening? Absent of the political will to do this - how will it get done? Through mass rallies like we're seeing today? OR do things have to get really badHere with some answers is Prof.
- Our guest today is a professor emeritus of economics at the University of Massachusetts Richard Wolff. He's in high demand these days as a guest on radio and television see:. He and David Barsamian have written a new book called OCCUPY THE ECONOMY: CHALLENGING CAPITALISM. And he joins us now to talk about the recession, reviving the middle class, Wall Street and yesterday's May Day protests. Listen to the showInterview with WMNF 88.5fm in Tampa, FLPublished on May 2, 2012AUDIO
- Published on April 29, 2012AUDIO
Updates on major US banks invading the payday loan, small loan loan and prepaid credit card businesses for big profits; French presidential election results undermining European austerity regimes; and US growth rate declining to anemic 2.2%. Interview Sarah Jaffee, labor editor for AlterNet.org on Occupy Wall Street, Mayday demonstrations, and student debt crisis. Response to listener on alternative transitions from capitalist to worker self-directed enterprises.
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- Published on April 22, 2012AUDIOUpdates on extreme budget crisis and cuts by 50 state governments in the US, on raising interest on government loans to students from 3.4 to 6.8 %, and on Argentina's take-over last week of the private Spanish oil company that dominated its oil and gas industry. Interview with econ professor William Tabb on the financialization of US capitalism and its economic and social consequences. Responses to questions on "family values" and on actual economic planning in the US.