Economic Update

Updates on Sawant victory in Seattle City Council election, the US obesity problem's costs and causes, critiquing libertarian arguments for capitalism. Interview Dr. Amy S. Cramer, Prof of Economics, Arizona, on her accessible education project "Voices o...

Today's program discusses a political strategy for transition beyond capitalism to an economy based on democratic worker-cooperatives. The first half explores the history of how transition was achieved from feudalism to capitalism. The second half draws ...

Updates on Berlin, Germany's law freezing all rents for 5 years, overindebted corporations threaten world economy, prisoners' slave labor in Los Angeles, French inequality and yellow vests, Bernie's push to put workers on corporate boards. Interview...

 Updates on costs of NBA offense to China, worsening global inequality, poverty mocks Nobel prize for 3 economists working on "incremental solutions" to poverty, why Google donated to global warming deniers, and latest crisis in defaults on US auto loans...

 This program examines the structure and functioning of the large capitalist corporation dominating modern economies. We discuss their basic economics and influence on politics. We criticize rationales for corporate profits such as "risks" and "entr...

Updates on US housing crisis as systemic failure (the homeless LA opera singer), Greta Thunberg's critics exposed, Europeans gain from US-China trade war, Sackler family "donations" to museums, universities, capitalists take over Sports Illustrated. Inte...

"First half focuses on how, why socialism has changed from what it meant in the 19th and 20th centuries (public enterprises + state planning vs capitalism's private enterprises + markets). Second half explores why 21st century socialism aims to democrati...

Updates on California events (LA Times labor union, 80,000 Kaiser workers to strike, new state public banking law), gross inefficiency of private car industry, anti-left politics in US labor history, wide global use of wealth taxes vs "conservative" clai...

Updates on ICE raid in Mississippi, global comparisons of gun violence, conservatives on Dem's wealth tax ideas. Interview With Dr Harriet Fraad on how capitalism affects mental health in US.

Analysis of the state of the US economy at summer's end, 2019: a decidedly mixed picture. Critique of the institution of the market that focuses on its structure, social effects, and particular beneficiaries: a counter to the imaginary 'free market'.