A Patron of Economic Update asks: "Hello Prof Wolff, I’ve heard complaints before of the perpetual hamster wheel that cities are on with regards to municipal bonds and Wall Street. Are you aware or is there any model of governance that is possible in a large city, or any city for that matter, to not have to sell municipal bonds to get money to operate, and therefore have to pay back at an interest rate and/or worry about credit rating or defaulting and having the city descend into chaos?"
This is Professor Richard Wolff's video response.
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“Marxism always was the critical shadow of capitalism. Their interactions changed them both. Now Marxism is once again stepping into the light as capitalism shakes from its own excesses and confronts decline.”
Check out all of [email protected]’s books: "The Sickness is the System," "Understanding Socialism," by Richard D. Wolff, and “Stuck Nation” by Bob Hennelly at http://www.lulu.com/spotlight/democracyatwork