Economic Update: Capitalism & Addiction: The Opioid Epidemic

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On this week's show, Prof. Richard D. Wolff delivers updates on UN report on poverty in the US, Oreos produced in Mexico, US households with zero or negative net worth, Germany's negative utility prices, Germany's bold labor strikes, Iceland law on equal pay for equal work, the myth of US economic "recovery," and Canada's Tim Horton sabotages rising minimum wage.

In the second half of the show, Prof. Richard D. Wolff interviews Dr. Harriet Fraad on US opioid epidemic: psychology and capitalism. To watch the second half, please visit us at Patreon.com/economicupdate


Showing 4 comments

  • Chris Boswell
    commented 2018-02-10 16:41:28 -0500
    While reading about ‘end of life medication’ recently, I found statistics indicating that the U.S. has 30% more morphine than it needs while many Third World countries have less than 2% of their requirement.

    https://www.hrw.org/topic/health/palliative-care
  • Larry Reed
    commented 2018-01-26 00:27:52 -0500
    Capitalists use AA as a tool to earn 100’s of millions each year!!! The success rate of AA is only an embarrassing 3 to 8%… For several decades, court systems and health agencies have been pumping addicts into rehabs. Most addicts relapse, and the cycle repeats… Meanwhile, rehabs, hospitals, funeral homes, pharmacies, drug companies, D/A counselors, psychiatrists, therapists, prisons, etc. are making millions. With a 95% failure rate, AA is the go-to method for institutions and corporations to indirectly keep people addicted, while they continue profiting from the Recovery Society. On the other hand, there exists much more successful, evidence based programs. SMART Recovery and other CBT style programs use scientific and medical and psychiatric methods, with success rates as high as 40%. But, as the system stands, there’s no money in truly working for results by helping people to get sober….
  • Kathy Powers
    commented 2018-01-16 01:02:53 -0500
    Nuts! The network of addicted persons in this capitalist system with its bottom-line care, over prescribed medications that may or may not work, and ever decreasing personal care, does not work. Medical specialties within specialties, unnecessary tests, necessary test neglect, all promoting a healthy (pun intended) profit structure, leaves us with uninformed consent for treatment and it seems that most of us, tossed in the wind, are not addicted to opioids as much as we are to fear: our pain will return, we will die an early death, become socially and financially insolvent and become isolated. I repeat, nuts!
  • natalino iamiceli
    commented 2018-01-14 16:26:27 -0500
    what is your take on the constitutional convention attempt to elicit article 5 of the constitution by republican states being backed by the Koch brothers and all ready they have 29 all they need is another 4 states thanks
    sincerely
    Natalino Iamiceli
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