Economic Update: Exposing Economic Myths

[S10 E05] Exposing Economic Myths

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This week on Economic Update, Professor Wolff discusses how the "unemployment rate" is an inadequate measure of the U.S. economy’s well-being along with the decline of the “real” value of the minimum wage in the U.S., the multiple failures and flaws of markets and how corporations as less economically efficient than worker co-ops.

Read the full episode transcript here: https://www.democracyatwork.info/eu_exposing_economic_myths

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Learn more about Prof Wolff's new book, "The Sickness is the System: When Capitalism Fails to Save Us from Pandemics or Itself" released in September 2020. Available as a paperback now!
www.democracyatwork.info/books

"Richard Wolff in his new book examines frightening and anti-democratic configurations of corporate power, offering not only a blueprint for how we got here, but a plan for how we will rescue ourselves and create new models of economic and political justice.” - Chris Hedges

Check out Prof. Wolff's other books "Understanding Socialism" and "Understanding Marxism"
http://www.lulu.com/spotlight/democracyatwork
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Видео Economic Update: Exposing Economic Myths канала Democracy At Work