This week on Economic Update, Professor Wolff delivers updates on pay inequalities for CEOs VS average workers, the economics of mega-mergers, billionaires' idea of “charity”, the economic consequences of attacking the Huawei Corporation and Sen. Bernie Sanders take the lead on two new bills in Congress designed to expand and provide loans to employee-owned businesses and worker co-ops.
In the second half of the show, Professor Wolff interviews Professor Richard McIntyre on the basic problems with U.S. capitalism today.
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Prof. Wolff's latest book "Understanding Marxism"
Dr. Richard McIntyre is Professor of Economics and chair of the Economics department at the University of Rhode Island where he is also co-director of the URI in Cuba program. He has lectured at many universities in the US and Europe including the University of Rennes II in Winter/Spring 2017 where he held the Chair of the Americas (Chaire des Amériques). He is the author of Are Worker Rights Human Rights? (Michigan 2008), co-editor of Knowledge, Class and Economics: Marxism without Guarantees (forthcoming, 2017), and the author of many academic and popular articles across a range of topics in political economy.