A patron of Economic Update asks: "According to a recent Axios article on Americans' trust in institutions (linked below), 77% say they trust their employers and 62% trust businesses, both outperforming NGO's and government by significant margins. After a mass upward transfer of wealth, decades of wage stagnation, union-busting and job outsourcing by businesses and employers, why do so many Americans still think so highly of these institutions? And what can be done to convince the average American that employers are not their friends, and have no incentive to act responsibly?"
Referenced Axios article on American's trust in institutions.
This is Professor Richard Wolff's video response.
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