Global Capitalism: October 2017 Monthly Economic Update

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Special thanks to this month's sponsor:  Carsten from Switzerland. We're incredibly excited to see support from overseas and appreciate Carsten's support.

Global Capitalism: "Trump’s/GOP’s Tax Plan and a Changing US Economy" 

with Richard D. Wolff 
Co-sponsored by Democracy at Work, Left Forum, and Judson Memorial Church

These programs begin with 30 minutes of short updates on important economic events of the last month. Then Wolff analyzes several of today’s major economic issues. For October 2017, these will include:

1. Equifax, Yahoo, Apple, etc: corporations’ failures and crimes
2. Mass murder, guns and Las Vegas: why so much more often in the US?
3. Why worker coops are the centerpiece of 21st century socialism

Our goal: To develop all participants’ understanding and ability to explain current economic events and trends to others. We open the floor to questions and comments when time permits. 
Request: If you access the videos of these monthly updates via our website or YouTube, we ask you to join our attendees who contribute at least $10 at each monthly update to help defray costs of producing, video-taping, and distributing these videos. Please contribute by using the "donate" button aboveContributions are tax deductible. To those able to contribute more than $10, our special thanks.

Showing 1 comment

  • commented 2017-10-14 01:10:45 -0400
    Very much enjoying your podcasts Richard. Coming from Australia I can relate to a great deal of it. I guess the key differences, economically, are the higher levels of minimum wage here, with entities like the Fair Work Commission, providing some sort of bulwark against those that would seek to see wages stagnate or decline. A slight cut to penalty rates recently for some workers being an exception. Of course universal healthcare is another major difference, but the question of how to pay for healthcare cost, which are ballooning, is just as relevant in Australia as it is for the rest of the world.

    Like you, I also support the concept of co-ops and I know you have mentioned Jeremy Corbyn’s support for co-ops previously. There is a relatively new article in The Independent which confirms that view and also a possible direction to take with increasing levels of automation, a view, which again, I have heard you support in your podcasts. It is nice however to get a leading western politician take it on-board. I hope he is serious about it.

    Link to article

    Quote at the end of the article…

    “He will highlight proposals in a report, published in June, which suggested that ownership and control of the growing number of robots in the workplace could be put “in the hands of those who work with them”, allowing the proceeds to be used to fund higher wages and shorter working hours rather than enriching a few at the top.”

    Keep up the podcasts Richard. They are awesome! and very informative for a non-U.S citizen to get a glimpse of the U.S as well.
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