Economic Update

Updates on pay gaps, Alabama bankruptcy, Minnesota lockout, Greek lockout. Discussions of capitalism and democracy, "pure" capitalism," and capitalism' historical shifts. Comments on listeners' questions: workers' owning vs directing and tax-exempt vs "non-profit."

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Updates on Disney's price hikes, Portugal's unions' general strike, Chinese buy US biggest pork processor, low-wage retail workers fighting in Seattle, General Petraeus goes corporate, and income/wealth inequality in US. Detailed discussions of (1) why technical progress fails to ease work burdens in capitalism, and (2) why/how US "recovery" is so uneven as well as fragile. Response to listeners on anarchism and on Chinese solar panels.

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Updates on corporate globalization, Philly schools, paid vacation law(?), the "Cadillac Tax. Interview with Stanley Aronowitz on labor, unions and the left. Responses to listeners on higher ed economics and US income inequality

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Updates on changing US retirement ages, Pope Francis's anti-capitalism, inequality inside countries, unionists march in Rome, public schools being savaged. Interview with independent journalist and writer Laura Flanders of GritTV. Response to listeners questions on Apple Computer's exposure as major tax evader.

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Updates on Google caught evading taxes, food stamp nation, public higher ed crisis. Major discussions on the US medical-industrial complex and the meaning of Bangladesh's building collapse. Responses to listener questions on anarchism and economics of private property.

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Updates on "recovery," No. Dakota's public bank, costs of US wars, global austerity, and rising health care costs for employees. Major discussions of banking crisis, Stockton, CA bankruptcy, declining US manufacturing and "neutrality on raising corporations' taxes. WSDEs: Mexican tire factor run by workers since 2005; responses to questions on "pure" capitalism and business reactions to resource limits.

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Updates on Cyprus’s extreme austerity, equal justice and markets,falling job quality, and capitalism’s impact on China. In-depth discussions of how worker coops can get needed capital and on basic flaw in economic education at college and university levels. Response to listeners’ questions on printing money and inflation and on teachers’ self-directed schools.

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