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Economic Update with Richard D. Wolff

A Wise American Capitalist Criticizes U.S. Capitalism with Ben Cohen, co-founder/former CEO of Ben and Jerry's Ice Cream

Economic Update with Richard D. Wolff

Democracy at Work

Politics, News, Government

4.82.1K Ratings

🗓️ 16 August 2023

⏱️ 29 minutes

🧾️ Download transcript

Summary

NOTE TO SUBSCRIBERS: Despite the multiple setbacks we have experienced over the last several months in our efforts to continue producing and releasing Economic Update here on YouTube, we are very excited to announce the return of Economic Update to YouTube as of today. Over the next few days/weeks we will be releasing episodes of EU we were unable to share with our community of subscribers throughout the summer.

 

You can find out more about why we were unable to deliver EU to you here on YouTube by going to our website: https://www.democracyatwork.info and signing up for our newsletter that is scheduled to resume weekly distribution next week. Remember to check back here regularly as we continue to resume delivering the content and work we enjoy sharing with you and the rest of the world. Thanks as always for your attention & support,

 

The d@w Team

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This week's updates focus on Artificial Intelligence abused by employers as Profiteering Tool; racism in US universities, US-China economic competition, the progressivism of Tony Bennett. Interview with Ben Cohen, co-founder/former CEO of Ben and Jerry's Ice Cream on a capitalist's criticism of US capitalism.

Transcript

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0:00.0

Welcome, friends, to another edition of Economic Update, a weekly program devoted to the economic

0:16.3

dimensions of our lives and those of our children. I'm your host, Richard Wolfe. Today's program is going to

0:24.0

cover a number of interesting things. One more discussion brief on artificial intelligence,

0:31.2

a discussion of racism in American universities, more on the tensions and the economics of U.S., China, and the relationship,

0:41.2

then a short word on a very important singer who died recently, Tony Bennett.

0:46.7

The second half of today's program will be an interview with Ben Cohen, the co-founder and

0:51.9

former CEO of Ben and Jerry's ice cream with a set of his views of America

0:57.6

that I think you'll find especially interesting.

1:01.3

Let me begin, as I have in recent programs, telling you all that there's a person working

1:06.5

with us to whom you can deliver information, clippings, items you think would be worth us

1:14.2

covering on this program. Please send any of those suggestions to the following. Charlie,

1:21.1

C-H-A-R-L-I-E dot info-338 at g-mail.com. Charlie.com.438 at gmail.com. We are very grateful for those of you that have

1:36.5

begun to respond to this, and we've got a number of really excellent leads. So thank you.

1:42.6

Those who've done that know who you are.

1:46.0

I want to repeat something about artificial intelligence. I am really unnerved, to be honest,

1:53.0

about all of the stories I read, which are endless speculations about how many millions

2:00.0

of people are going to lose their jobs because of artificial intelligence.

2:04.6

As if a technological breakthrough is necessarily a danger to working people.

2:11.6

That was never true and it is not true now.

2:15.6

The problem has never been with technology. All kinds of breakthroughs

2:21.3

have been made from every kind of machine to every kind of robot or software or electricity or

2:30.7

atomic energy. The question was always what will be the labor-saving effect?

...

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