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

dimensions of our lives and those of our children. I'm your host, Richard Wolf. I want today to talk about a number of things, the Apple

computer case being brought by the Department of the Treasury here in the United States.

The Georgia legislature, citing with employers against employees in a new way.

The fact that in two of our... against employees in a new way.

The fact that in two of our states,

independent working-class individuals

have decided to run for high office and who they are and why they're doing it.

And finally, the admission by the Federal Reserve that the inflation is not coming down the way they had hoped and

planned and that interest rates will therefore stay high rather than come down as

they had said they would. In the second half of the show, we will have an interview

about the very important United Auto Workers election that is now going to take place in Chattanooga, Tennessee at the

VW factory there, which marks a major turning point or could at least in the labor movement here in the United States and we'll

have our guest Mike Elk a specialist in these topics with us at that time.

Okay let's go.

Apple Computer was charged by the US Department of the Treasury

with functioning like a monopoly, trying to make sure it's the only one selling a variety of

services and therefore charging more than they otherwise could if they didn't block the competition of competitors.

I want to talk about this, not so much about the particulars of this case, but more about the

phenomena itself, so there's no misunderstanding.

Virtually all capitalists dream of becoming monopolists.

And the reason for that is very simple.

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