The US Capitalist Class and the Election

Economic Update with Richard D. Wolff

Democracy at Work

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

4.8 • 1.9K Ratings

🗓️ 27 November 2024

⏱️ 31 minutes

🔗️ Recording | iTunes | RSS

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Summary

In this week’s episode of Economic Update, Professor Wolff discusses how US foreign aid serves the interests of corporations and their profits. We highlight how San Juan County in Washington state handled its fiscal crisis by cutting its employees' work week to 32 hours. We update you on workers of Wells Fargo Bank who are currently conducting a unionization drive, which could lead to other US banks doing the same. We provide a quick analysis of the history of settler colonialism in New Zealand and how this practice informs and influences the Israel and Palestinian crisis. Lastly, we interview Professors Michael Hillard and Richard McIntyre for a Marxian analysis of the exceptional nature of the US capitalist class and the US election.

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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
0:25.4	economic dimensions of our lives and those of our children.
0:29.7	I'm your host, Richard Wolfe.
0:33.1	As usual, I want to begin by inviting you to contact Charles, Charlie we call him our volunteer
0:40.3	who takes your suggestions and ideas and thoughts about future programming and shares
0:47.3	them with our team and we're grateful for your taking the time and energy to do that.
0:52.3	You can reach Charlie at Charlie.info38
0:58.6	at gmail.com. Charlie.fifo-338 at gmail.com. And as usual also, I want to remind you
1:08.7	that if this program is of interest to you, the book
1:12.7	we have just produced and released called Understanding Capitalism collects what we do on
1:19.9	this program, condenses it, and offers you an overview of capitalism, how it works, its
1:26.9	problems, the myths that sustain it, and where
1:30.8	we go from here if we believe, as we do, that we can do better as a society than
1:37.2	capitalism. What we do in this program are details the general overview is in
1:43.9	that book.
1:45.0	And you can get it from our website, Democracy at Work.info.
1:51.0	Today we're going to be talking about foreign aid, about a remarkable county in the state of Washington,
1:58.0	about unionizing efforts at banks in the United States, big ones like Wells Fargo,
2:05.8	and finally about something going on far away in New Zealand that is quite similar to things
2:12.6	happening close at hand and reveals something about them. So let's jump right in. Here is something
2:21.2	that you may already have figured out on your own, but then again it's interesting
2:26.2	when researchers at Harvard and places like that come up with a report that
	...

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