Economic Update: When Stale Debates Distract

Posted on March 02, 2020

d@w Contributor:

March 02, 2020

[S10 E09]

This week on Economic Update, Professor Wolff presents updates on how air-bnb reflects workers' falling living standards, price-gouging anti-virus masks, purpose of Trump's record deficit, end of Brexit distraction makes UK face its real problem: capitalism, and cause of San Diego's pension crisis. The second half of the show features a major discussion of the economics' centuries-old, #1 debate - more vs less govt economic intervention. That debate mostly distracts from the feared debate over capitalism vs really alternative systems.

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Showing 3 comments

Balraj Cheema commented 2020-03-29 19:04:00 -0400
Very much so; even when the distraction is absent the corporate media takes few minutes to manufacture one and magnify it to the dimensions beyond belief. Media and money can work miracles these days.
Maria Carnemolla-Mania commented 2020-03-04 11:36:28 -0500
So true. Thank you for your comment Marc!
Marc Hudgens commented 2020-03-03 16:24:36 -0500
Indeed we’ve seen plenty of evidence that when America’s economy begins to seriously falter, out comes scads of distractions. In our case, impeachment (but as usual without removal from office), sexual predation (Jeffrey Epstein, Harvey Weinstein, many other Hollywood types), disease (coronavirus), tragic deaths that serve as a media feeding frenzy (Kobe Bryant). This in addition to the normal celebrity worship that never ends.