Economic Update: Economic Failures and the Blame Game

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On this week's show, Prof. Wolff presents updates on big banks fix rates, IRS checks on churches, CEOs' pay rises fastest to worsen US inequality. On the second half of the show, Prof. Wolff will discuss in more detail the following topics: blaming the poor for poverty and over-crediting the super rich; how superrich oil countries and companies control modern economies; and how Trump's attacks on Germany are more "fake news."

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Showing 4 comments

  • Joseph A. Mungai
    commented 2017-06-04 22:20:23 -0400
    “The WIR Bank, formerly the Swiss Economic Circle (GER: Wirtschaftsring-Genossenschaft), or WIR, is an independent complementary currency system in Switzerland that serves small and medium-sized businesses. It exists only as a bookkeeping system, with no scrip, to facilitate transactions.” (4:15) https://www.youtube.com/watch?v=RAAFGcBra5A
  • Joseph A. Mungai
    commented 2017-06-04 22:20:07 -0400
    “Creating Our Own Money: Examples” (6:00) https://www.youtube.com/watch?v=3pH47531SbE
  • Joseph A. Mungai
    commented 2017-06-04 22:13:33 -0400
    “In 2008, a Catalan man named Enric Duran announced that he had performed a half-a-million pound heist… He had taken out 68 commercial loans from 38 banks, and passed the money over to social activists and anti-capitalist movements…So, my name is Susanna Martin Belmonte. I’m an economist and a social currency activist and an activist for monetary reform…The Eurocat is a project that we started promoting 2 years ago in which the aim is a little bit to create something similar to the Swiss WIR. So, what we are aiming for is for companies to create their own money because, actually, if you think that banks create money and they back it with their solvency, which is based on financial assets, it makes much more sense to create money backed with real assets, which is what small and medium companies have…” (52:59) https://vimeo.com/166004336
  • Joseph A. Mungai
    commented 2017-06-04 22:13:10 -0400
    “Fasinpat history is written in the language of resistance and of any cooperative, things are solved by assembly. This documentary tells the story of the factory, by the actors, leading the way for other students who dream of a job bareboat and struggling to complete the final expropriation…” (1:30:12) https://www.youtube.com/watch?v=RjTWxZDTSRc
Capitalism's Crisis Deepens: Essays on the Global Economic Meltdown

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