Economic Update: Prisons and Sugar Babies


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On this week's episode of Economic Update, Prof. Wolff provides updates on IMF, Panama Papers and tax evasion, workers fighting back. Major discussions of economics of prisons and sugar babies and of how worker coops might have changed the USSR and China.

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  • commented 2016-04-26 19:45:53 -0400
    In the second half of the episode when Richard is discussing the two different options the working class had to respond to businesses giving their jobs to computers or sending their jobs over seas, he mentions that the working class did not choose the banding together option “partly because the kinds of organized militant workers had been hounded out of the working class, given a way out of the popularity they might have had by the previous thirty years of this country’s history.”

    My question is what or who exactly is he referring to with this statement?
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