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Economic Update: Capitalism's Inequalities

Thursday, 05 December 2013 15:17 By Richard D Wolff, Economic Update / Truthout | Radio Segment
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Updates on Detroit's and Illinois's attacks on public employee pensions, minimum wages, tiny Middle East oil countries take over global air travel, job openings vs. unemployed, and companies' profit-driven hustles of dangerous flame-retardant chemicals. Major discussions of (1) redistribution policies versus not distributing unequally in the first place and (2) capitalism's uneven development. Response to emails on free trade's consequences, robotics/less labor versus doing labor differently, and government repression against opponents of austerity policies.

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Visit Professor Wolff's social movement project, democracyatwork.info.

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Richard D Wolff

Richard D. Wolff is Professor of Economics Emeritus, 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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