Today's Class Struggles with Chris Hedges

Economic Update with Richard D. Wolff

Democracy at Work

Politics, News, Government

4.8 • 2.1K Ratings

🗓️ 26 July 2023

⏱️ 29 minutes

🔗️ Recording | iTunes | RSS

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Summary

THANK YOU FOR YOUR UNDERSTANDING, YOUR PATIENCE, YOUR KINDNESSES, CONCERNS, QUESTIONS, DEVOTION, YOUR SOLIDARITY & MOST IMPORTANTLY,

THANK YOU FOR YOUR SUPPORT.

IT HAS MEANT MORE THAN WE CAN SAY OVER THE PAST COUPLE OF MONTHS THAT WERE RIFE WITH TRIALS & TRIBULATION, BETRAYAL & HEARTACHE, BUT WE CONTINUE TO GET CLOSER TO WHERE WE WERE WITH EVERYDAY THANKS IN LARGE PART TO YOU, OUR FAMILY, OUR FRIENDS & THOSE WHO SUPPORT US STILL.

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[EU S13 E25] Today's Class Struggles with Chris Hedges

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Updates on US small/medium businesses converting to worker coops, strikes at west coast ports and UPS, an employer uses fake priest to get workers' confessions for employers' use, Delaware allows businesses to vote in local elections (alongside individuals). Interview Chris Hedges on class struggles here and now.

Economic Update with Richard D. Wolff is a @democracyatwrk 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:

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Also, a sincere apology for the continued spotty releases of Economic Update. We're ironing out the last remaining wrinkles and should be back(ish) by mid-August.

Thank you all again, and we'll speak to you next week.

Transcript

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0:00.0	Welcome, friends, to another edition of Economic Update, a weekly program devoted to the economic
0:15.9	dimensions of our lives and those of our children. I'm your host, Richard Wolfe. In today's program,
0:22.9	we're going to be talking about small business owners converting their businesses into worker
0:28.9	co-ops. We're going to talk about strikes, Longshoremen on the West Coast. Their strike is over.
0:35.3	UPS, their strike is on the agenda. We're going to talk about
0:39.9	class struggles all over the place in the United States as a reminder that they're never
0:45.7	not present. They may be below the surface, and if so, they're bubbling to get to the top,
0:52.0	as we will look at. And in the second half of today's program, we will be interviewing a frequent guest, Chris Hedges,
0:59.8	in terms of how he sees the evolution situation here in the United States right now.
1:07.5	So let's get right to it.
1:09.5	I begin with a story that was published in the Boston Globe,
1:13.9	the number one newspaper in the state of Massachusetts, and indeed in much of New England.
1:18.7	On the 14th of June, a reporter named Dana Gerber told a story that is old but has some new
1:26.5	twists. Here's the old part. As our population ages,
1:31.2	there are tens of thousands of small and medium-sized businesses whose owners built them up
1:39.0	usually from modest beginnings, but are now interested in retiring and wondering what to do with their business
1:46.5	that has 20 workers or 50 workers or 200 workers that they've gathered as their business has
1:52.9	grown.
1:54.2	And they confront a really bad choice.
1:59.1	They could shut their business down, but they worked a lifetime to build it up. They don't
2:04.5	want to. Moreover, it would be catastrophic for all those employees, many of whom they know by name,
2:12.3	having hired them. They don't want to do it. They could sell out to another company,
	...

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