4.8 • 1.9K Ratings
🗓️ 10 September 2024
⏱️ 32 minutes
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On this week’s episode of Economic Update, Professor Richard Wolff draws attention to the 10,000 hotel workers who recently conducted a strike impacting major hotels across 19 US cities. We highlight the contested merger of the two largest grocery chains in America. Albertsons and Kroger threaten to become the third largest retail giant after Amazon, and Walmart plus the Canadian government forces 9000 Canadian railway striking workers back to work, with murmurs of a general strike looming. We also give a shout-out to a small Brooklyn pizzeria unionizing with Starbucks workers.
Finally, an exclusive interview with world-renowned economist, politician, author, and the former finance minister of Greece Yanis Varoufakis discusses global economic change and the working class, topics discussed in his latest work "Technofeudalism: What Killed Capitalism".
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0:00.0 | And the Welcome friends to another edition of Economic Update, a weekly program devoted to the economic |
0:26.7 | dimensions of our lives and those of our children. |
0:30.0 | I'm your host, Richard Wolf. I begin as usual reminding you that Charlie Favian is awaiting |
0:37.4 | your suggestions for which we are grateful and which we use in building our programs. |
0:43.4 | And once again, Charlie. |
0:46.0 | info 438.gmail.com is the way to communicate your ideas, suggestions, criticisms to us. |
0:57.0 | I also want to remind you of the three books that we have produced over the last several years. Understanding Marxism, then |
1:05.8 | understanding socialism, and just released understanding capitalism. You can |
1:12.2 | find out more about each of these books at our website, Democracy |
1:17.1 | at work. Info slash books, where they are all available. |
1:24.0 | And finally I want to note, as you'll see, |
1:27.0 | that this program is partly in honor of Labor Day, |
1:31.0 | which happens early in September of every year, and there's an opportunity |
1:36.4 | for us to give recognition to the process of work, to the organization of work, and to the organization of labor unions to represent |
1:47.7 | workers that doesn't get the attention it deserves most of the time the rest of the year. |
1:55.0 | So I'm going to start with a strike that began on the Sunday before Labor Day |
2:02.0 | and may be continuing depending on where you are. |
2:07.0 | It has to do with hotel workers, the people who check you in, check you out, clean the room, clean the facilities, make |
2:17.8 | it an experience you look for and remember rather than other sense of horror. These are very hard-working people. They are not well paid in general by the standards we hold up. |
2:37.9 | And they work at something that makes the rest of us comfortable. |
2:44.0 | And before I jump into the strike, |
2:47.0 | 10,000 of them have just launched |
... |
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