When Labor Movements Rise

Economic Update with Richard D. Wolff

Democracy at Work

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

4.8 • 1.9K Ratings

🗓️ 21 November 2023

⏱️ 29 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Economic Update is now back to its regular programming schedule with a new episode released every Monday. We couldn't be happier, more relieved and more excited to get back to creating the show we all have known, needed and loved since 2011 and to celebrate, we're going to release a few batches of "binge-worthy" episodes you will only find on our website and as a Patreon audience member. So stay tuned, make sure you've subscribed 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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[EU S13 E42] Economic Update: When Labor Movements Rise

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"Updates on U.K.’s King Charles in Africa, the unionization struggles at Starbucks, a growing strike against Musk’s Tesla and the Bangladeshi women’s labor strike. An analysis of the economic concept of "surplus" and how capitalism makes it possible."

Transcript

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0:00.0	Welcome friends to another edition of Economic Update, a weekly program devoted to the economic
0:16.7	dimensions of our lives and those of our children. I'm your host Richard Wolf.
0:23.0	As usual, I want to begin by reminding you that a volunteer, one of you, Charlie Fabian,
0:30.0	is available to take any suggestions for what we should cover, how we might go about it,
0:36.4	clips if you have them to help us create segments for this show.
0:41.4	If you have anything like that, send it to him email. Here's his address.
0:46.1	Charlie. info 338.gmail.com.
0:52.1	Charlie dot info 438 at gmail dot com.
0:58.3	Today we're going to talk about King Charles's visit to Kenya about Starbucks workers unionizing and striking.
1:07.2	We're going to talk about the Tesla Motor Company and the problems it is having
1:12.4	and then with workers, garment workers producing our
1:16.4	clothing in Bangladesh. And in the second half of the program we're going to talk
1:21.5	about some basic issues in economic theory, namely the
1:26.9	theory of the surplus and the theory of profits. Okay let's jump right in.
1:32.4	King Charles of Britain Okay, let's jump right in.
1:33.0	King Charles of Britain recently visited Kenya in East Africa,
1:39.0	and there he gave a speech in which he expressed regret for some of what the British did in Kenya during the period of time that Kenya was a colony of Great Britain.
1:57.0	The papers in Kenya and many politicians had expected, hoped for, and requested an apology for what was done,
2:07.8	as I'll explain in a minute.
2:10.7	But the British government and their king could not bring themselves to say,
2:17.0	I am sorry for what I did.
2:20.0	They just expressed regret that it happened.
	...

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