Economic Update: System Change, Then and Now

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In this episode of Economic Update we take a look at the Trans-Pacific Partnership secrets, the Heinz-Kraft merger, the overly costly and underperforming US medical care system, the fines for Graco selling faulty child car-seats, China's real-estate bubble and the estate tax repeal being pushed by Republican House Representatives. We will also hear responses to listeners on property: private versus public and discuss how system change has happened in the past and and how it can and should happen within capitalism today.

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"As Wealth and Income Inequalities Deepen, the System Undermines Itself”

Global Capitalism: March 2015 Monthly Update

Co-sponsored by Democracy at Work, Left Forum, and Judson Memorial Church.

The program began with 30 minutes of short updates on important economic events of the last month. Then Prof. Wolff analyzes several major economic issues. For this March 11...

 

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This article originally appeared in the latest issue of Perspectives, KCL Economics Society Journal

Jubilee, Denial and Beyond

Thousands of years ago, various religions developed an idea some called “jubilee.” It entailed the acts of canceling or reversing income and/or wealth inequalities (especially of land holdings and debts) that had developed in their societies. Often, jubilees were stipulated to occur periodically every 49 years, more or less. The point was not to change the socio-economic system; it was rather to redistribute property and then restart the same system again as a way to preserve it. Variations of the jubilee idea have survived and occasionally surfaced into public discourse ever since.

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WPFW FM 89.3 Interviews Prof. Wolff

Prof. Wolff talks to David Rabin of WPFW, a Pacifica station in Washington, DC about his recent Truthout article on a class analysis of the lessons we need to learn from past revolutions.

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