Economic Update: Capitalism's Instability

Posted on September 20, 2015

This week's updates include the GM settlement, a look at why the Census Bureau proves there is no recovery for 90% and why GE is moving jobs overseas. Prof. Wolff responds to listeners on FED agonies over interest rates and how capitalism mishandles unemployment. We end with a major discussion of WSDEs and capitalist corporations.

Economic Update

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Showing 3 comments

Eric White followed this page 2016-09-07 11:50:37 -0400
Donald Cole followed this page 2015-09-22 19:15:35 -0400
Merlin O'Brien commented 2015-09-20 13:58:14 -0400
I would like to know what people think of John McDonnell’s ideas for democratizing the economy in Britain? McDonnell wants different communities to organize and vote on local projects in their area. Take a look here: https://www.youtube.com/watch?v=cGDla6aSwng
I would also like to add that there is an character assassination campaign going on against the new labour leader, Jeremy Corbyn, and John McDonnell (the new shadow Chancellor).
Turning to America, if there is a real opportunity to overthrow capitalism, how can people prepare for private powers onslaught? Considering inequality is greater in the USA.
In Britain, there is even talk of an army mutiny against the labour party, if they were to get into government and try to reduce the power of the army. See here:
http://www.independent.co.uk/news/uk/politics/british-army-could-stage-mutiny-under-corbyn-says-senior-serving-general-10509742.html

How far are people willing to go to take on the billionaire class?