Economic Update: Good for Profits, Bad for Society

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On this week's Economic Update, Prof. Wolff provides updates on Citibank calls "Recession" for 2016, Robert Gordon's new book "Rise and Fall of American growth, college students to Europe for free educations, drug and food companies profit at public's expense, economics of presidential candidates, pension struggles heat up, and why China's slowdown due to US/Euro/Japan economies. Major discussions of (1) US unemployment and (why profit motive yields economic decisions so often good for profits but bad for society.

 


Showing 8 comments

  • Helena Evans
    commented 2016-12-19 07:30:52 -0500
    Bookmarked the audio. Almost 1 hour. I think this is very important. Thank you for sharing!
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  • Eric White
    followed this page 2016-08-10 16:41:59 -0400
  • Joshua Alba
    commented 2016-03-11 10:59:24 -0500
    Hello everyone, I am interested in figuring out how to get my municipality to create and support cooperatives in the same way that Italy has done, as described in the talk above.

    I am from a small city, the most, impoverished city in Mass., and Polar Tech, who employs around 300, is leaving for the South. I talk about workers cooperative, but get glossy eyed reactions, and am experientially uneducated myself. I am hosting discussions on this, and the myriad issues, and connecting them with capitalism, and how to veer off this crash course. Any pointers would be great!

    In struggle.
  • Joshua Alba
    commented 2016-03-11 10:59:23 -0500
    Hello everyone, I am interested in figuring out how to get my municipality to create and support cooperatives in the same way that Italy has done, as described in the talk above.

    I am from a small city, the most, impoverished city in Mass., and Polar Tech, who employs around 300, is leaving for the South. I talk about workers cooperative, but get glossy eyed reactions, and am experientially uneducated myself. I am hosting discussions on this, and the myriad issues, and connecting them with capitalism, and how to veer off this crash course. Any pointers would be great!

    In struggle.
  • David O'Connell
    commented 2016-03-04 02:53:30 -0500
    It’s not only the issue of tuition fees but also Scholarships. I am from the UK, but study in Germany. In Germany the Trade Unions own an incredibly wealthy foundation (The Hans-Boeckler Foundation) which will fund people through university. Die Linke also has its own foundation (Rosa Luxembourg) along with the Greens, SPD and so on. The point is, the labour movement also has the infrastructure and resources to invest in its own activist base.
  • Doris S. Wilk
    commented 2016-03-03 19:32:40 -0500
    Thanks for your comment. I am one of those who would cheerfully take up residence in another country. However, I am 80 years old, a retired R.N. and I doubt any country would want me. What could I contribute? All my contributions are in the past. This whole “election cycle”(so named by our “if it leads it bleeds” press corps, has left me utterly nauseated. Sen. Sanders is the only candidate worthy of the title, but he is doomed to be bulldozed out of the running by the Clinton Clan with all their corporate welfare.
  • Doris S. Wilk
    commented 2016-03-03 19:32:36 -0500
    Thanks for your comment. I am one of those who would cheerfully take up residence in another country. However, I am 80 years old, a retired R.N. and I doubt any country would want me. What could I contribute? All my contributions are in the past. This whole “election cycle”(so named by our “if it leads it bleeds” press corps, has left me utterly nauseated. Sen. Sanders is the only candidate worthy of the title, but he is doomed to be bulldozed out of the running by the Clinton Clan with all their corporate welfare.
  • Martin Screeton
    commented 2016-03-01 15:12:47 -0500
    I think people are truly afraid of someone like trump emerging and are thinking of actually Defecting! to another country!… something we have only seen during the cold war and iron curtain! Canada would be looking pretty good to me if someone like trump got into the presidency… that’s for sure.

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