Updates on Obamacare's "penalties," a Parisian suicide, neglect of community colleges, and how inequality worsens itself. Interview with psychotherapist Dr. Harriet Fraad on why US workers don't fight against their economic decline. Response to listener's question on how to prevent socialism from deforming into Stalinism.
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.
Visit Professor Wolff's social movement project, democracyatwork.info.