On this week's Economic Update, Prof. Wolff gives updates on Caterpillar tax evasion, Obamacare, slave labor for immigrants, Harvard and slavery, billionaires, Puerto Rico, and Greece. Major discussion: questions about capitalism.
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1. What protections can be provided, in a workplace empowerment, to avoid George Orwells’, ’ Animal Farm’ senario, when ‘some animals’ in the network (as intelligent manipulating, pigs) undermine and corrupt the sharing process.
2. What can be done, under our debt-based monetary system, as it is entrenched in the worst manipulative ‘for profit’ practices of the powerful (and capitalist) finance houses/banks.