Economic Update: Puerto Rico's Crisis is Systemic


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On this week's Economic Update, Prof. Wolff provides updates on US income inequality vs rest of world, Europe exposes Apple Corp's tax evasion; TTP and TTIP face rising opposition; even Martin Wolf sees capitalism's contradiction with democracy. Interview with Prof Ian Seda on Puerto Rico's economic/colonial crisis.

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  • commented 2016-09-06 10:45:31 -0400
    At the beginning of this Economic Update, Prof. Wolff talks about how all his articles back to March 2011 are available on the archives of both of his websites. On, the oldest article in English I can find is from Nov. 16, 2015. There are also a few articles in various other languages (Spanish, French, Farsi, etc.) going back to 2008. But nothing in English before 2016, except that one article. Clicking on the little double arrow to go further back in the archives just takes ne back to the most recent articles (it works the same in both of your websites). On, there are articles going back as far as June 2013.
    In the archives, Prof. Wolff’s articles go back to November 2012, and on, they go back to August 2011. I have been very interested in going back and hearing/reading what Prof. Wolff has to say about many things, but it’s a hassle. Sometimes your FAQ’;s are helpful, but a search engine, or an subject indexing system for each website would be VERY helpful.
  • commented 2016-09-04 17:59:26 -0400
    Prof. Wolff,

    Ireland is one of the E.U. countries that has suffered most from austerity policies imposed on it to pay off its debts to European and international loan institutions. Irish politicians borrowed this money because, as I believe you have discussed, it was easier to borrow than to tax in order to raise the funds necessary to provide for the basic needs and services of the Irish people.

    Is it possible that the E.U.’s motives in going after Apple, Inc., has as much to do with grabbing cash to go into the pockets of the I.M.F. and the banks, et. al., than it does for the reasons cited in your report, namely to raise funds to benefit Irish citizens.

    How much of the €15 billion would likely go to the country’s lenders and how much to the benefit of the people of the country?

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