Economic Update - Labor and Capitalism's Rise and Fall

On this week's show, Prof. Wolff discusses Congress Bills H.R.51 giving statehood to Washington, DC, and H.R.1 countering GOP efforts to restrict voting; and Biden's tax reforms to help pay for new and expanded government programs. In the second half of the program, Wolff interviews Prof. Michael Hillard on the role of labor in the dramatic rise and fall of Maine's paper industry, a parable for the economic difficulties facing the US today.