US Capitalism At The Crossroads

Economic Update with Richard D. Wolff

Democracy at Work

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

4.8 • 1.9K Ratings

🗓️ 30 January 2024

⏱️ 29 minutes

🔗️ Recording | iTunes | RSS

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Summary

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[EU S14 E04] US Capitalism At The Crossroads

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This week’s Economic Update Professor Richard Wolff discusses the special dimensions and qualities of the US labor movement's current dynamism; Thomas Piketty’s analysis showing how capitalism generates widening wealth and income gaps leading to crashes or simmering, divisive, and domestic resentments. Leading to the system itself becomes destabilized. 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: www.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 dimensions of our lives and those of our children.
0:20.0	I'm your host, Richard Wolf.
0:22.0	As usual, I want to begin by reminding I'm your host Richard Wolf.
0:22.8	As usual, I want to begin by reminding you that a volunteer, Charlie Fabian, has agreed
0:28.8	to receive and transmit to us any suggestions comments requests for materials or topics that we can
0:38.0	look into for possibly presenting on this program.
0:43.7	If you have such suggestions,
0:45.7	please email them as follows.
0:49.5	Charlie.
0:51.0	info438 at gmail.com once again Charlie dot info 438 at gmail.com.
1:01.8	Today's program might be called US capitalism
1:05.8	at a crossroads.
1:07.5	Things that have been developing over time
1:10.0	have accumulated, whether they be cans kicked down the road rather than problem
1:17.4	solved or they're simply the way capitalism as a system works, it's now clear to me that we are accumulating so many of them that we better
1:28.8	understand that we are at a crossroads and basic decisions are going to have to be made sooner or later
1:38.1	and it's probably now quite much sooner. So let me begin with part A of this story and that is the labor movement upsurge of recent years here in the United States.
1:54.4	It became particularly noteworthy
1:57.2	in the year just passed, 2023.
2:01.6	According to the Cornell University Labor Relations and so forth Center, they have what they call a labor action tracker.
2:12.0	According to them, there were four hundred and labor action tracker.
2:12.7	According to them, there were 413 strikes in 689 locations in the United States from January 1 of 2023 until nearly the end of December of that year.
	...

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