Economic Update: Profit Motive Costs
Thursday, 03 October 2013 15:56By Richard D Wolff, Economic Update / Truthout | Radio Segment
Updates on meaning of government shutdown and possible default; new French law gives workers say on selling companies; biggest billionaire US land-owners; grocery store evidence show no "recovery" in US economy. Major discussions on costs and consequences of profit-driven capitalist enterprises versus workers self-directed enterprises. Response to questions on (1) Germany's September 22 elections and (2) whether Obamacare, if passed, would at least guarantee health insurance to America's poorest.
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RICHARD D WOLFF
Richard D. Wolff is Professor of Economics Emeritus, University of Massachusetts, Amherst where he taught economics from 1973 to 2008. He is currently a Visiting Professor in the Graduate Program in International Affairs of the New School University, New York City. He also teaches classes regularly at the Brecht Forum in Manhattan. Earlier he taught economics at Yale University (1967-1969) and at the City College of the City University of New York (1969-1973). In 1994, he was a Visiting Professor of Economics at the University of Paris (France), I (Sorbonne). His work is available at rdwolff.com and at democracyatwork.info.
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