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.
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.
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.