Economic Update: American's Self Image VS Reality

Economic Update with Richard D. Wolff

Democracy at Work

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

4.8 • 1.9K Ratings

🗓️ 28 November 2023

⏱️ 29 minutes

🔗️ Recording | iTunes | RSS

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Summary

Economic Update is now back to its regular programming schedule with a new episode released every Monday. We couldn't be happier, more relieved and more excited to get back to creating the show we all have known, needed and loved since 2011 and to celebrate, we're going to release a few batches of "binge-worthy" episodes you will only find on our website and as a Patreon audience member. So stay tuned, make sure you've subscribed to our channel, follow us on social media and of course be sure to sign up on our website: www.democracyatwork.info And as always, we thank for your attention, support and solidarity. The d@w Team

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[EU S13 E43] American's Self Image VS Reality

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Updates on the closing of a Florida plant that should be converted to worker co-op, oil company profits VS the social damage they do, how mega-corporations (Walmart, Amazon) are taking over the grocery business and the social purpose and the meaning of the "middle class". In the second half of this week's episode, Prof. Wolff interviews Jared Yates Sexton. The discussion focuses on his latest book, "Midnight Kingdom" and how the U.S. practices social control by spinning stories the public sees and hears. Economic Update with Richard D. Wolff is a DemocracyatWork.info Inc. production. We make it a point to provide the show free of ads and rely on viewer support to continue doing so. You can support our work by joining our Patreon community:

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Transcript

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0:00.0	Welcome friends to another edition of Economic Update, a weekly program devoted to the economic
0:16.8	dimensions of our lives and those of our children.
0:20.1	I'm your host, Richard Wolf. I want to quickly remind you that a volunteer among you,
0:26.6	Charlie Fabian, has agreed to handle an inflow of emails with suggestions for materials or events that we would cover in our
0:36.2	program to better serve your interests. If you have any such thing, please send it to Charlie.
0:43.2	info 438.gmail.
0:48.0	Once again, Charlie.
0:50.0	info 438 at38.g.com.
0:55.0	Today we're going to talk about the Koch brothers
0:58.0	closing a factory in Florida and what it means.
1:01.0	We're going to talk about oil companies and their finances.
1:04.8	I'm going to explain to you the significance of the fact that Walmart and Amazon
1:10.7	are by now the largest food grocery companies in the United States
1:16.8	far out distancing the companies that you think dominate the grocery business.
1:23.7	And finally, we're going to take a hard look at the notion of a middle class.
1:29.4	What is it? Does it exist?
1:31.6	And why is it talked about in the way that it is and in the second
1:36.4	half we will have a remarkable interview with Jared Yates Sexton an important blogger and writer in his own right who has important ideas
1:47.8	about what's going on in the United States and the world today that he will share with us.
1:54.4	Okay let's begin.
1:56.4	My attention was caught recently when a story emerged about a company in Florida.
2:02.1	It's owned by the Koch brothers notorious for their right-wing
	...

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