Social Costs of Capitalist Megacorporations _ on Economic Update
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Social Costs of Capitalist Megacorporations
_on ECONOMIC UPDATE with Richard D. Wolff
Update on widening LIBOR scandal and Wells Fargo’s fine for overcharging African-American and Hispanic families on mortgages. Analysis of why government economic actions favor large corporations at everyone else’s expense.
On Economic Update with Professor Richard Wolff, Wolff and guests discuss the current state of the economy, both locally and globally in relation to the economic crisis. We will focus on wages, jobs, taxes, and debts – and on interest rates, prices, and profits. We aim to explain why certain economic changes are happening and other changes get postponed or blocked and we will explore alternative ways to organize enterprises, markets, and government policies. Each show wraps up with Professor Wolff answering some questions that he receives through his website or on Facebook. Economic Update is in partnership with Truthout.org.