[S12 E36] New
This week on Economic Update, Prof. Wolff talks about the prospects for a labor-union-worker co-op alliance; megacorp stock buybacks; why and how US/UK sanctions on Russia failed so far; the financial abuse of US retirees; and lastly, union popularity in US at 50-year high.
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“Marxism always was the critical shadow of capitalism. Their interactions changed them both. Now Marxism is once again stepping into the light as capitalism shakes from its own excesses and confronts decline.”
Check out all of [email protected]’s books: "The Sickness is the System," "Understanding Socialism," by Richard D. Wolff, and “Stuck Nation” by Bob Hennelly http://www.lulu.com/spotlight/democracyatwork
Alliance between labor unions and worker coops: https://www.history.com/topics/19th-century/knights-of-labor
Stock buybacks: https://www.youtube.com/watch?v=xiOi8xQpsgI
US sanctions in Russia: https://markets.businessinsider.com/
Massachusetts retired teachers: http://massretirees.com/article/issues/cola/5-cola-approved-legislature
Labor union popularity: https://www.axios.com/