On this week's episode, Prof. Richard D. Wolff elaborates on his critique of Uber and the gig economy, discusses US Senators endorsing inequality, Norway’s recent decision to pay male and female athletes equally, why corporations often buy back their own shares, workers dying due to overwork in Japan, the rise of homeless school children and how the majority of large US corporations pay below the official 35% tax rate.
The second half of this week’s Economic Update features a discussion of the changing economics of socialism. To see the second half, support the show on Patreon.
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Yes, “money makes the world go around” when it might be better if service and production based on ethics and true democracy and true happiness (then the money follows as a result) would be the bottom line. The “bottom line” in Bhutan is its GNH – Gross National Happiness- which is working.
http://www.lottedesignstory.com/gross-national-happiness-bhutans-bottom-line/
Quoted from the article: “This approach has had admirable results; not only has the wildlife and landscape of Bhutan been protected (including the endangered snow leopard, and much of the country’s forests), but its cultural traditions have been preserved as well. Its citizens have benefited in other ways, including an extremely high rate of government spending on education and health care (almost 18% of the national budget).”
I don’t know if they have “worker-owned businesses” or anything like it, but their goals are based on a different foundation: that of happiness and stability for every citizen… This is a type of “socialism” as well. https://en.wikipedia.org/wiki/Gross_National_Happiness w/critique.
WHERE IS THE PROGRAM I heard this morning on KPFK – fm? KPFK does not archive it.
THANK YOU!