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Economic Update with Richard D. Wolff

Establishment Media & Russia with Aaron Maté

Economic Update with Richard D. Wolff

Democracy at Work

Politics, News, Government

4.82.1K Ratings

🗓️ 2 March 2023

⏱️ 29 minutes

🧾️ Download transcript

Summary

In this week's show, Prof. Wolff  presents updates on dying empires and climate crisis; mass shootings; fast-food mega-corps fund referendum to slow California plan to raise fast food workers wages and working conditions, and why the debt ceiling debate in Congress is a phony GOP-Dem political theater. In the second half of the show,  Wolff interviews Aaron Mate, independent US media critic with special expertise on Russia.

 
 

Transcript

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0:00.0

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

0:16.4

dimensions of our lives and those of our children.

0:20.4

I'm your host, Richard Wolfe.

0:23.2

Today's program is going to look at the interaction between dying empires, particularly

0:29.0

the British and the American, on the one hand, and the climate crisis on the other.

0:34.7

We're also going to look at a new report from the Secret Service of the United States

0:39.4

about mass shootings. We're going to delve into an effort by fast food restaurants in California

0:48.9

to buy their way out of paying higher wages, and we're going to then talk about the so-called

0:56.6

debt-sealing crisis playing out in Washington.

1:01.1

After that, we'll have an interview within a very important independent news journalist and

1:07.0

host, Aaron Mate.

1:09.1

So let's jump right in. The British Empire started to decline at the beginning

1:16.2

of the 20th century and spent the entire century declining. So it's far beyond the United States

1:23.7

whose decline is much more recent in terms of its beginning to go down as an offset,

1:32.6

you might say, to its rise in the previous century.

1:36.8

But one of the things that we can see already is how the declines of empires play out

1:43.8

in terms of how they deal with the crises of their time.

1:47.9

We clearly have a crisis of our climate, of our planet, of what we have done to that planet,

1:55.8

and what it is doing as a result. And so it's instructive to see what has happened with an empire whose decline

2:04.6

is further along than ours, Great Britain, the United Kingdom. So, for example, last month,

2:14.1

Minister Graham Stewart, he's the Minister for the Environment in Britain, got exposed,

2:21.3

taking campaign contributions from fossil fuel companies and supporting, renewing, coal

...

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