Capitalism, Today's World Economy and Gaza with Clara Mattei
Economic Update with Richard D. Wolff
Democracy at Work
4.8 • 1.9K Ratings
🗓️ 13 August 2024
⏱️ 31 minutes
🧾️ Download transcript
Summary
On this week's program, we question the effectiveness as well as the economics of US sanctions (Economic Warfare), also the American Federation of Teachers (AFT) endorses the United Auto Workers (UAW) plan of setting all union contracts to expire on May 1, 2028, essentially laying the groundwork for a "General Strike". We also highlight the latest rhetoric from the US Chamber of Commerce's declaration of a "labor shortage" which only masks their desire for government help in procuring more workers without having to offer higher pay and better working conditions to overcome the "phony" labor shortage.
Finally, we Interview Professor Clara Mattei from Rio as Brazil hosts G20 meetings and discuss the protest events calling for an end to the suffering of the people of Gaza.
Clara E. Mattei is an Associate Professor in the Economics Department of The New School for Social Research.
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Transcript
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| 0:00.0 | And the Welcome friends to another edition of Economic Update, a weekly program devoted to the economic dimensions of our lives and those of our children. |
| 0:30.0 | I'm your host Richard Wolf. |
| 0:33.0 | I want to remind you again to send Charlie Fabian, our support, help, volunteer, |
| 0:40.0 | who takes your ideas and suggestions for possible future programs, questions, |
| 0:46.0 | and relays them to us. It's a wonderful service he does. |
| 0:50.0 | You can reach him at your leisure, Charlie. |
| 0:54.0 | info 438 at gmail.com. |
| 0:59.9 | I also want to let you know that our new book has been released. |
| 1:04.1 | It is my own book called Understanding Capitalism. |
| 1:09.1 | It is literally the fruit of a lifetime of teaching, learning from being a teacher, which is a crucial part |
| 1:16.2 | of anybody who's a teacher. |
| 1:19.2 | And also what we've been doing on these programs. |
| 1:22.4 | It's an attempt to answer your questions, the problems of capitalism, |
| 1:26.5 | the mythology around capitalism, where it's going, what will come after, all those kinds of questions are dealt with |
| 1:35.2 | systematically in a style designed to be easy for you to approach and think about. |
| 1:48.7 | Understanding capitalism available now from our website, Democracy at Work. info slash books. |
| 1:52.4 | Today's program info slash books. |
| 1:57.0 | Today's program is going to be talking about |
| 2:01.0 | U.S. sanctions around the world. Do they with this kind of economic warfare. |
| 2:05.0 | A decision by the AFT, the American Federation of Teachers, |
| 2:10.0 | to join with the United Auto Workers in preparing for what is not that far from a |
| 2:18.7 | general strike which is now becoming part of the reality of the American near future. |
... |
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