Global Capitalism: September 2017 Monthly Economic Update

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Special thanks to this month's sponsor: Snuggly Wuggly Socialists (Facebook group). To sponsor an upcoming episode visit: www.democracyatwork.info/sponsor
Global Capitalism: "Capitalism and Nature: Hurricane Harvey’s Lessons"
with Richard D. Wolff 
Co-sponsored by Democracy at Work, Left Forum & Judson Memorial Church

These programs begin with 30 minutes of short updates on important economic events of the last month, then Wolff analyzes several major economic issues. This month, these issues will include:

1. Hurricanes: Profits v. Preparation
2. GOP tax “reform” are tax cuts mainly for corporations and the rich
3. Labor Day: facing and reversing organized labor’s historic decline.
Our goal: To develop all participants’ understanding and ability to explain current economic events and trends to others. We open the floor to questions and comments when time permits. 
Request: If you access the videos of these monthly updates via our website or YouTube, we ask you to join our attendees who contribute at least $10 at each monthly update to help defray costs of producing, video-taping, and distributing these videos. Please contribute by using the "donate" button aboveContributions are tax deductible. To those able to contribute more than $10, our special thanks.

Showing 2 comments

  • Tom Welsh
    commented 2017-09-20 18:52:32 -0400
    Great program, thanks again! One thing, it would have been illuminating for Professor Wolff to have presented the official Federal Poverty Guideline annual income figures to offer some perspective on the percentages he gave. Thanks.
  • Kim Goins
    commented 2017-09-17 15:38:30 -0400
    Do you wan to know why the black HH income number was $20,000 less than the white?

    Can you guess? …. Mass-incarceration. Right now there are 1M black people in prison, plus another 6M felony disenfranchised. Felony disenfranchised means you can’t vote, get student loans, or get professional jobs. Almost all blacks are incarcerated are for drug offenses. They serve 700% more prison time for the SAME drug crime as whites.

    Now this maybe hard to believe but fixing mass-incarceration isn’t that hard. You just examine the 1994 Clinton Crime Bill. The 1994 Bill created “3 Strikes”, which created mass-incarceration. It’s basic math but the Establishment will never admit this.

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