This week on Economic Update, Professor Richard D. Wolff delivers updates on global capitalism's extreme inequality (Oxfam report), Victoria's Secret's billionaire owner, why immigration is a “weapon of political distraction”, how the GOP tax cut really helps the rich more than others and how the Michigan State University sex abuse scandal reflects "running schools like a business”.
The second half of the show features the first in a series of discussions on Karl Marx’s life, the goals of his writings and their lasting relevance. To watch the second half, please visit patreon.com/economicupdate.