Economic Democracy

  • Global Capitalism February Monthly Economic Update

    Updates on major economic developments since December:  Obama's minimum wage policy, the Federal Reserve's "tapering policy" and the new Janet Yellen leadership,  slowdowns in China and the emerging markets, and Thomas Piketty's new book Capital in the 21st Century on capitalism and inequality. Major discussion of the chief causes and social effects of increasingly unequal wealth and income distributions, and the myth of returning manufacturing jobs in the US.

  • Economic Update: "Public vs Private Enterprise"

    Updates on economic democracy from Jackson, MS to Marseilles, France; credit card scandals; phony labels for chicken; and overcharging inmates for calls. Major discussions of re-municipalization of water and electric utilities; post office banking; and new book on capitalism's inequalities. Response to audience questions on TPP, corp tax breaks and minimum wage.

    Click on the link to listen to audio:  http://bit.ly/1fQvbnk

    Economic Update is in partnership with Truthout.org

  • The Big Picture RT Interview: "What to Do when Capitalism Fails"

    Professor Wolff joins Thom Hartmann to talk about Janet Yellen.  Can Yellen help guide the US through the stormy seas ahead or is it time to radically rethink our economic course?

  • Janet Yellen and I were taught to revere capitalism. But it's a failing system

    This article orginally appeared at theguardian.com

    (A banner reading 'Capitalism isn't working' at an Occupy protest. Photograph: Oli Scarff/Getty Images)

  • Political Corruption and Capitalism

    Nearly daily, mass media report political corruption across the world. Government bureaucrats, from local to national to international, are exposed for having abused their offices for personal gain. That gain is usually financial, but can involve career advancement. Much of that corruption is driven and financed by capitalist enterprises.

  • Economic Update: Myths of Economic Recovery

    Updates on North Carolina company sold to its 320 workers, India enables cheap substitutes for overpriced drugs, US union membership in 2013, and the myth of returning manufacturing to the US. Interview with Max Wolff dissecting the US economic "recovery." Response to questions on states' subsidizing movies, JP Morgan-Chase's CEO Dimon's $20 million pay for 2013, and Americans' attitudes on inequality.  

    Click on the link to listen to the program:  http://bit.ly/1h1qyfE

    Economic Update is in partnership with Truthout.org

  • Economic Update: What's Wrong with Markets

    Updates on Memphis workers locked out; problems of on-line education; capitalism, wealth inequality, and Starbucks; and Gallup on Americans' dissatisfied with their economy. Major discussions of (1) unemployment and politics and (2) organizing a market in human kidneys and markets in general. Response to question on Europe's economic crisis and its links to Europe's generous state services and safety nets.
  • Economic Update: What's Wrong with Markets

    Updates on Memphis workers locked out; problems of on-line education; capitalism, wealth inequality, and Starbucks; and Gallup on Americans' dissatisfied with their economy. Major discussions of (1) unemployment and politics and (2) organizing a market in human kidneys and markets in general. Response to question on Europe's economic crisis and its links to Europe's generous state services and safety nets.
  • RT Interview: Richard Wolff on 90th Anniversary of Lenin's Death

    Today is the 90th anniversary of the death of Vladimir Lenin - the man credited with changing the course of history for Russia, and the world. His body is on public display in central Moscow, and just like him the ideas he launched a revolution for are not exactly buried. For Russians, 70 years of the Soviet Union left most people indifferent towards Lenin's legacy. Hovewer, the socialist ideas he fought for have gained some traction in the West. Economist Richard Wolff joins RT for a detailed look at socialist ideas.

  • Economist: Fix America By Bringing Democracy to Work

    This article originally appeared at Progressive.org

  • Economic Update: Global Inequality

    Updates on Colorado's new marijuana shops, how context exposes "recovery" claims, cause and cure for US obesity epidemic, and France's 75% tax rate on annual incomes over $1.3 million. Major discussions of history and dimensions of global inequality and movements for guaranteed annual incomes in Switzerland and beyond. Responses to questions on credit unions versus private banks and on the uniqueness of the economic crisis in western Europe.

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