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Economic Update with Richard D. Wolff

Rebuilding Families Amidst A Crumbling Economy

Economic Update with Richard D. Wolff

Democracy at Work

Politics, News, Government

4.82.1K Ratings

🗓️ 20 September 2023

⏱️ 29 minutes

🧾️ Download transcript

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.

 

You can find out more about why we were unable to deliver EU to you here on YouTube by going to our website: https://www.democracyatwork.info and signing up for our newsletter that is scheduled to resume weekly distribution next week. Remember to check back here regularly as we continue to resume delivering the content and work we enjoy sharing with you and the rest of the world. Thanks as always for your attention & support,

 

The d@w Team

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[ S13 E 33] 

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Updates include how US labor rediscovers the general strike as WGA and SAG-AFTRA strikes merged in LA and allied with hotel workers,' teamsters', and teachers unions; drug-producing firms' profiteering cause shortages of needed medications; new research proves affirmative action for "legacy" students from rich, white families at Harvard, Yale and other elite schools, US domestic food supply chain includes gross examples of forced labor. Part 2 of an interview with Dr Harriet Fraad on new forms of family emerging as working class households react to collapsing traditional households. The family-economy link is a social problem not merely a personal problem.

 

Transcript

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0:00.0

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

0:16.3

dimensions of our lives and those of our children. I'm your host, Richard Wolfe. Today's program

0:24.0

delves into the extraordinary strike activity and labor solidarity in Los Angeles, a real

0:31.7

marker for the development of labor militancy in the United States. We will also be talking about drug shortages,

0:39.9

a serious problem here. We'll talk about a recent report indicating that wealthy legacy

0:46.9

so-called students are given preferences in getting into higher education. And finally,

0:53.8

we'll talk about forced labor in the U.S. provision

0:58.0

of its own food. In the second half of the show, we're going to have part two of an interview

1:04.0

with Dr. Harriet Fraud. Part one, a few weeks ago, we talked about capitalism destroying the nuclear family, the traditional

1:13.6

family, and this time we're going to be talking about what the new forms of family are that are emerging as Americans struggle with the disappearance of the old.

1:24.6

As usual, I want to start by reminding you that a good friend, Charlie by name,

1:31.2

is now working with me to handle suggestions, reports, data that any of you might want us to look

1:41.5

into in preparing segments for this show. I want to give again the email

1:46.9

to use if you have any such thing or if you want to discuss doing that. Charlie spelled C-H-A-R-L-I-E,

1:55.7

Charlie.com.com. Charlie.com. For3-38 at g-mail.com gmail.com.

2:06.2

Charlie.info438 at gmail.com.

2:13.1

Let's jump right into today's story, which I want to credit to Charles Fabian, because he put together a good bit of this material and the remarkable quotation that I'm going to end this segment

2:20.3

with.

2:21.3

Well, I'm assuming most of you know that there has been a well-reported strike by the Writers'

2:27.7

Guild of America and by the actors' union called SAG-AFTRA. They've been working together, started by the Writers Guild,

2:38.1

joined by SAG AFR, picketing the Hollywood scenario and elsewhere where the entertainment

2:45.7

industry is located. It's been a remarkable, powerful strike, and not aimed simply at what is needed by

...

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