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This week on Economic Update, Prof. Wolff delivers updates on UK's Liberal Democrats advocating serious reduction of wealth and income inequality, Sears CEO blames pensions for Sears' problems, JP Morgan predicts next financial collapse in 2020, failure to deal with opioid crisis, G-20 meeting in Argentina evades real issues, Europeans clash with U.S. over trade with Iran and a trivial SEC fine for Citigroup’s dishonesty with investors.
In the second half of the show, Professor Wolff dives deep into the political economy of immigration as a right-wing issue and an effective left-wing response.