Politics, Economics & Chocolate: Capitalism's Flaws & Failures
Economic Update with Richard D. Wolff
Democracy at Work
4.8 • 1.9K Ratings
🗓️ 12 December 2023
⏱️ 29 minutes
🧾️ Download transcript
Summary
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[EU S13 E45] Politics, Economics & Chocolate: Capitalism's Flaws & Failures
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This week's episode of Economic Update features updates on the economic crises in Argentina and Germany, the graduate student unionization wave happening across U.S., how & where the chocolate industry is using child labor, a critical analysis of what "profit" means and a departed Kissinger. If you haven't already, please subscribe 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 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: 
/ democracyatwork Or you can go to our website: https://www.democracyatwork.info/donate Every donation counts and helps us provide a larger audience with the information they need to better understand the events around the world they can't get anywhere else. We want to thank our devoted community of supporters who help make this show and others we produce possible each week. We kindly ask you to also support the work we do by encouraging others to subscribe to our YouTube channel and website: www.democracyatwork.info
Transcript
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| 0:00.0 | Welcome friends to another edition of Economic Update, a weekly program devoted to the economic |
| 0:16.7 | dimensions of our lives and those of our children. I'm your host Richard Wolf. |
| 0:23.0 | Today's program begins, as we have recently, by reminding you that we have a volunteer, |
| 0:28.2 | Charlie Fabian, who is more than willing to accept and listen to and pass on to us your suggestions |
| 0:36.1 | for topics and approaches you'd like to see on this program. |
| 0:41.1 | You can reach him by Charlie dot info 438 at gmail.com. Once again, |
| 0:48.8 | Charlie dot info 438 at gmail.com. |
| 0:55.8 | Today's program is going to examine briefly |
| 0:59.0 | major developments that have happened |
| 1:01.0 | in two important countries, Argentina and Germany, that will shape |
| 1:06.1 | the whole world in the years to come. |
| 1:09.5 | We're also going to talk about graduate students joining unions in what is nothing short of a real nationwide |
| 1:18.8 | campaign that is successful. We're going to talk about the economics of chocolate, |
| 1:24.6 | the meaning of the category profit, |
| 1:27.6 | and the passing of Henry Kissinger. |
| 1:30.9 | Much to do, let's get right to it. I'm going to begin with Argentina. |
| 1:37.0 | Argentina very recently had an election and elected a new government led by an Argentinian version of Donald Trump. |
| 1:47.0 | His name is Javier Milay. |
| 1:50.0 | And he is what would probably be called here in the United States a libertarian. |
| 1:57.0 | He dresses in a strange way, talks in a strange way, is a character, a |
| 2:05.0 | clown, if you don't like him, a clown. |
| 2:07.0 | If you do, a savior should sound familiar, |
... |
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