Updates on pay gaps, Alabama bankruptcy, Minnesota lockout, Greek lockout. Discussions of capitalism and democracy, "pure" capitalism, and capitalism's historical shifts. Comments on listeners' questions: workers' owning vs. directing and tax-exempt vs. non-profit.
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.