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

Monday, July 16, 2012 By Richard D. Wolff, Economic Update / Truthout | Economic Update
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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.

This piece was reprinted by Truthout with permission or license. It may not be reproduced in any form without permission or license from the source.

Richard D. Wolff

Richard D. Wolff is professor of economics emeritus at the University of Massachusetts, Amherst, where he taught economics from 1973 to 2008. He is currently a visiting professor in the Graduate Program in International Affairs of the New School University, New York City. He also teaches classes regularly at the Brecht Forum in Manhattan. Earlier he taught economics at Yale University (1967-1969) and at the City College of the City University of New York (1969-1973). In 1994, he was a visiting professor of economics at the University of Paris (France), I (Sorbonne). His work is available at rdwolff.com and at democracyatwork.info.

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

Monday, July 16, 2012 By Richard D. Wolff, Economic Update / Truthout | Economic Update
  • font size decrease font size decrease font size increase font size increase font size
  • Print

Media

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.

This piece was reprinted by Truthout with permission or license. It may not be reproduced in any form without permission or license from the source.

Richard D. Wolff

Richard D. Wolff is professor of economics emeritus at the University of Massachusetts, Amherst, where he taught economics from 1973 to 2008. He is currently a visiting professor in the Graduate Program in International Affairs of the New School University, New York City. He also teaches classes regularly at the Brecht Forum in Manhattan. Earlier he taught economics at Yale University (1967-1969) and at the City College of the City University of New York (1969-1973). In 1994, he was a visiting professor of economics at the University of Paris (France), I (Sorbonne). His work is available at rdwolff.com and at democracyatwork.info.