Updates on Fiat labor struggles in Italy, stagnating real wages in US, capitalist corruption (US, China, Russia), "eminent domain" helps homeowners against foreclosure. Interview with Dr. Obery Hendricks, Jr., professor of religion and biblical studies: how the bible contradicts conservatives' interpretations. Responses to listeners on workers coops forming in Italy, how workers coops can manage growth, and US capitalists substituting stock for cash in paying workers.
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.