This week's episode includes updates on the Swedish plan for peaceful transition beyond capitalism, ripoffs in car insurance and Ferguson, MO's credit downgrade. Prof. Wolff's response to listeners about the CA drought and the best solution for corporate abuses like VW's. Major discussions include what class means and what is at stake in the different meanings of class and guaranteed income vs guaranteed jobs.
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I was wondering how you see the traditional work of raising children and running a household in a model that moves beyond capitalism. You state at the end of this program on class that you believe that guaranteed jobs are better than guaranteed income. As you know, the market economy is built on an unpaid economy that revolves around child rearing. Do you see this as a “job” and if so, how would it be paid? It is difficult to approach a gender equal society without at least considering this work important. What are your thoughts.
Thank you for all of your work,
my understanding of what class is, terms that I could grasp.
I found the class issue interesting, but a little bit simplistic. Isn’t it true that power and wealth are intertwined and have been in nearly every system that has been in effect for any length of time in human society? It’s time we tried to change that! Many thanks for the program. Hedi Saraf
Please consider including some discussion in a future ’ Economic Update ’ about the horrific nuclear energy ( Fukushima disaster), nuclear weapons, … and the geoengineering (..spraying of nano-particle heavy metals into our atmosphere ) realities that we all face today.
Thank you for your excellent presentations. My wife and I listen every week.
On another note, it’s been two months since separately emailing Wolff and Democracy at Work about the disappearance of Economic Update from iTunes—has anyone addressed why this happened? I haven’t heard back.