The US Economy As An Apartheid System

Economic Update with Richard D. Wolff

Democracy at Work

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

4.8 • 1.9K Ratings

🗓️ 6 February 2024

⏱️ 29 minutes

🔗️ Recording | iTunes | RSS

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Summary

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[EU S14 E05] The US Economy As An Apartheid System

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This week's episode of Economic Update hosted by Professor Richard Wolff, we will be discussing the continuing decline of US manufacturing; a 29,000 person strike at California State Univ.; the Houthis disrupt Red Sea shipping in move against Israel; and Texas refuses to obey US federal government's rules in struggle over immigration and white supremacy. In addition we have a special Interview with leading economist Prof. Michael Hudson on basic crises facing US capitalism. 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: democracyatwork.info And as always, we thank for your attention, support and solidarity. The d@w Team

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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 economic
0:16.8	dimensions of our lives and those of our children.
0:20.4	I'm your host, Richard Wolf. I want to begin as I have been doing now for a while by
0:27.0	alerting you to the fact that one of you, Charlie Fabian by name, has
0:32.2	volunteered to collect and transmit to us suggestions, ideas, resources
0:38.8	that any of you might have to offer as to where we can go to plan and produce segments for this program.
0:47.0	Simply send any suggestions you have to Charlie.
0:51.0	dot info 438 at gmail.com once again Charlie that's chrall i.i
1:01.4	charlie dot info four three eight L.I.E. Charlie.
1:02.5	Info 438 at gmail.com.
1:07.0	Today's program we're going to be talking about manufacturing in the United States,
1:12.0	about an amazing strike at the California State University system,
1:17.0	about missiles in the Red Sea coming from Yemen and interfering in global trade, and finally the struggle
1:27.8	between the United States and the state of Texas over how to deal with the problem of immigration. Important topics and
1:36.2	we're going to erase right through them in order to try to get at some of the core
1:41.4	issues.
1:43.3	Okay, let's start with manufacturing.
1:45.9	The last dozen presidents
1:49.5	have promised to reverse the decline of manufacturing, by which they have meant the shrinking
1:58.1	role of manufacturing in counting all the jobs in the United States economy.
2:05.0	Once upon a time, this was a country that spent most of its time working in the fields, in agriculture, or in the factories, in manufacturing thing.
2:17.6	But both the manufacturing and the agriculture have long since shrunk to pale shadows of what they once were.
	...

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