- Published on June 22, 2013AUDIO
Updates on G8 and Bernanke "shows", Turkey vs Brazil protests, Europe's austerity, drug companies "pay to delay." Major discussions of crisis in financing public education and of lotteries as disguised tax increases. Responses to listener questions on job losses from progress, worker coops' survivability, capitalism and democracy, and campaign financing reform.
The worsening social pains of government austerity programs now intensify the vast social suffering caused by the crisis since 2007. Beyond this especially severe business cycle, longer term trends show capitalist mega-corporations moving blue and white collar work to lower wage regions far from the former centers of capitalist production (the USA and Western Europe especially). Profit and competition prompt such relocations. Modern telecommunications enable supervision of far-away factories, offices, and stores almost as easily as those nearby.
- on Al-Jazeera EnglishPublished on June 11, 2013VIDEO
The US economy is still nine million jobs short of where it was before the recession struck. Some companies have been forced to adapt by allowing employees a share in the business. Al Jazeera's Tom Ackerman reports from Philadelphia.
- Published on June 8, 2013AUDIO
Updates on Disney's price hikes, Portugal's unions' general strike, Chinese buy US biggest pork processor, low-wage retail workers fighting in Seattle, General Petraeus goes corporate, and income/wealth inequality in US. Detailed discussions of (1) why technical progress fails to ease work burdens in capitalism, and (2) why/how US "recovery" is so uneven as well as fragile. Response to listeners on anarchism and on Chinese solar panels.
- Published on May 31, 2013AUDIO
Updates on corporate globalization, Philly schools, paid vacation law(?), the Cadillac Tax. Interview with Stanley Aronowitz on labor, unions and the left. Responses to listeners on higher ed economics and US income inequality.
On Economic Update with Professor Richard Wolff, Wolff and guests will discuss the current state of the economy, both locally and globally in relation to the economic crisis.