Economic Update: Signs of System Decline

[S11 E38] Signs of System Decline

On this week’s show, Prof. Wolff presents updates on the following topics: US wars lost: against Afghanistan, Iraq, and Covid; private profit from climate disaster; systemic infrastructure neglect; decline of whites in US; UK fears about US loss in Afghanistan; capitalism's profit-driven "long supply chains;" and lastly, workers power against employers in US today.

**Economic Update with Richard D. Wolff is a@Democracy At Work production. We make it a point to provide the show free of ads. Please consider supporting our work. Donate one time or become a monthly donor by visiting us at democracyatwork.info/donate or become a patron of Economic Update on Patreon: https://www.patreon.com/economicupdate. Your contributions help keep this content free and accessible to all. Now more than ever, sharing Prof. Wolff's message is critical.
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SOURCES FOR SHOW SEGMENTS:SOURCES FOR SHOW SEGMENTS:
1. US wars lost: https://www.wsj.com/articles/moodys-to-buy-rms-in-bid-to-boost-climate-risk-business-11628180636
2. Infrastructure neglect: https://www.nytimes.com/2021/08/13/us/politics/house-democrats-budget-infrastructure.html
3. Decline of whites in US: https://www.theguardian.com/us-news/2021/aug/12/us-census-population-changes-white-americans
- https://www.cnn.com/2021/08/12/opinions/us-census-republican-party-power-gest/index.html
4. UK fears: https://www.theguardian.com/world/2021/aug/13/rift-with-us-grows-as-uk-minister-voices-fears-over-afghanistan-exit
5. Long supply chains: https://www.cnbc.com/2021/08/13/chinas-zero-covid-strategy-to-disrupt-shipping-as-ningbo-zhoushan-port-shuts-.html
- https://www.scmp.com/economy/china-economy/article/3144790/chinas-zero-covid-19-approach-sparks-debate-about-long-term
6. Workers’ power: https://www.dailykos.com/stories/2021/8/5/2043976/-Dozens-of-workers-stage-walkout-after-CEO-insists-on-taking-down-Black-Lives-Matter-and-Pride-signs
- https://ny.eater.com/2021/8/4/22598824/fleishers-craft-butchery-staff-walkout-park-slope-westport-connecticut

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