Economic Update - US Midterm Elections

17Nov

Updates on how China hits back economically; capitalism surviving in Italy through explosive debt creation; why lotteries have heavy economic costs; and how Grinnell College undergraduate workers successfully organized. Interview with Prof. David Harvey on a Marxist view of the US midterm elections: causes and consequences.

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Economic Update - “Follow the Money

10Nov

Updates on profits-vs-science and weedkiller “roundup,” most Americans not better off than in 2016, WHO reports bans on corporal punishment of kids and how doing so saves money too, Janet Yellen warns huge corporate debts risk another major economic crash. Interview with Riva Enteen, editor of Follow the Money, a collection of KPFA interviews.

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Economic Update - US “Sugar Arrangements” Industry

3Nov

 Updates on latest foreign and US elections, the CEA document against socialism, growing inequality of billionaires’ wealth, army represses report on costs and errors of Iraq war, and expose of Maine’s subsidy for corporations by helping indebted students. Interview with Dr. Harriet Fraad on the US “Sugar Arrangements” industry.

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Economic Update - Virginia Elects a Socialist

27Oct

Updates on political economy of Trump/GOP attacks on China and their long term costs; parallel analysis of attacks on immigrants;  Michelle Alexander on who today is “The Resistance;” and record funds pouring into US midterm elections. Interview with Lee Carter, a socialist elected to Virginia House of Delegates on why and how he won.

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Economic Update - A Deepening Crisis of Capitalism - 10.20.18

20Oct

Updates on IMF prediction of slowing global growth, Bank of England warnings on accumulation of sub-prime debt, Nordhaus Nobel prize and market ideology, Dutch unions and others against corporate tax evasion, and signs of labor militancy in Marriott strike and profit-sharing demands of steelworkers. Interview Chris Hedges on his latest book: America: The Farewell Tour.

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Economic Update - The ‘Immigration Issue’ and Capitalism - 10.12.18

13Oct

Updates on UK's Liberal Democrats advocating serious reduction of wealth and income inequality, Sears CEO blames pensions for Sears' problems, JP Morgan predicts next financial collapse in 2020, failure to deal with opioid crisis, G-20 meeting in Argentina evades real issues, Europeans clash with US over trade with Iran, trivial SEC fine for Citigroup dishonesty with investors. Major discussion: political economy of immigration as a right-wing issue and an effective left-wing response.

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Economic Update - Public Policy, Private Pain - 10.06.18

6Oct

Updates on Bloomberg finds US "among least efficient" providers of health care, Poland's unions demand wealth sharing role, money corrupts US politics in new way, Trump tariffs bad for many US corporations. Interview: Dr. Harriet Fraad on how public policies, past and present, serve corporate profits but undermine families, households and personal relationships.
 
 
 
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Economic Update - Black Socialists of America (BSA)

29Sep

 Updates on Chicago hotel workers strike and Philadelphia parking lot attendants organizing, Cuomo's centrist, money-dependent  campaign, another socialist (Julia Salazar) wins election, McDonald's workers strike in 10 cities against employer's failure to stop sexual harassment. Interview: Z and Sean, two leaders of new BSA.

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Economic Update - “Launching a New University” - 09.24.18

24Sep

 Updates on Tenth Anniversary of Lehman Brothers Bank collapse, assisting Ocasio-Cortez show how to finance socialist projects, Colin Kaepernick's ad for Nike and contradictions of capitalism.  Interview with Michael Pelias on launching a new Left University in New York: rationale and goals.

 
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Economic Update - Keynesian Vs. Marxian and Neoclassical Economics - 09.15.18

15Sep

This week's special edition of Economic Update deals with Keynesian economics as a theory that clashes with both the mainstream economics ("neoclassical") that celebrates private capitalism and with critical theories such as Marxian economics that are opposed to capitalism. 

 
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