American Families Today are Crisis Ridden

Economic Update with Richard D. Wolff

Democracy at Work

Coops, Economics, Economy, Workercooperative, Capitalism, Politics, News, Government

4.8 • 1.9K Ratings

🗓️ 24 October 2023

⏱️ 29 minutes

🔗️ Recording | iTunes | RSS

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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.

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The d@w Team

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[ S13 E 38]

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This week's updates focus on Biden's inadequate student debt relief, Bastille Day and French Revolution, and alternatives to Artificial Intelligence being installed to increase profits and joblessness. Interview with Dr. Harriet Fraad on the crisis of the US family, causes and consequences.

Transcript

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0:00.0	Welcome friends to another edition of Economic Update, a weekly program devoted to the economic dimensions of our lives and those of our children.
0:19.4	I'm your host, Richard Wolf.
0:22.0	In today's program we're going to be talking about what
0:25.2	Mr Biden has done and not done for student debtors. We're going to talk a little bit
0:30.3	about the meaning of Bastille Day in France just over. It's their 4th of July equivalent
0:36.8	that happens on the 14th. And finally we're going to talk in the first half about the
0:42.2	so-called invasion of artificial intelligence and the
0:47.2	so-called threat to our jobs that it represents. There's a blizzard of commentary about that these days.
0:55.0	And in the second half, I think you will find fascinating an interview with Dr.
0:59.6	Harriet Fraud about the crisis of the family in the United States, where it comes from and
1:05.5	what it means. So let's dive in, but I'll begin by reminding you that we have a
1:11.6	volunteer, Charlie, who is interested in helping me to connect with those of you that have suggestions about topics you think we ought to cover.
1:23.4	If you have materials to send, articles and so on,
1:27.2	please send them to Charlie. info438.gmail.com.
1:35.6	Charlie will be in touch with you
1:37.2	and will be the in between
1:39.2	getting your materials to us
1:40.8	so that we can work on those that fit our program.
1:45.0	Okay, let's begin with President Joe Biden,
1:50.0	who suffered some weeks ago the decision by the Supreme Court in this country to a
1:57.8	block the plan he had developed for a modest partial relief of student debt. We have over 40
2:06.8	million, maybe close amount of 45 million Americans carrying student debt.
	...

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