Economic Update - How the System Works (IMF Global Economy...) - Richard Wolff - WBAI Jul13,2013

Subscribe here http://www.youtube.com/subscription_center?add_user=valeriopacci "Hello friends! Please check video description for more info." Originally Published on July 13, 2013 Professor Wolff's Original Podcast: http://www.rdwolff.com/content/economic-update-how-system-works Updates on rich investors buying up and converting foreclosed homes into rental properties, insurance companies prove that allowing guns into schools do not make them safer, gross pay packages for CEOs, effective corporate tax rates far below official 35%, US non-financial corporations hoarding cash, Australian pawn broker records fastest growth in country's retail sector. Major discussions of (a) IMF report on slowing global economy, and (b) why austerity and stimulus programs both do not work. Responses to listeners' question on state of Puerto Rican economy. Analysis of successful workers coop in Milwaukee. On Economic Update with Professor Richard Wolff, Wolff and guests will discuss the current state of the economy, both locally and globally in relation to the economic crisis. Wolff will focus on wages, jobs, taxes, and debts - and on interest rates, prices, and profits. We aim to explain why certain economic changes are happening and other changes get postponed or blocked and we will explore alternative ways to organize enterprises, markets, and government policies. Economic Update is a weekly show for people who want to understand and change not only their own financial situation but also the larger economy we all depend on. To listen in live on Saturdays at noon, visit WBAI's Live Stream - http://stream.wbai.org/ Economic Update is in partnership with Truthout.org - http://truthout.org Thanks for watching! PROFESSOR RICHARD D. WOLFF FOLLOW Facebook: https://www.facebook.com/pages/Richard-Wolff/156623362172 Twitter: https://twitter.com/profwolff Youtube: http://www.youtube.com/user/RichardDWolff Tumblr: http://democracyatwork.tumblr.com/ WEBSITES Professor Wolff's Website: http://www.rdwolff.com Visit Professor Wolff's social movement project: "Democracy At Work": http://democracyatwork.info BIO Economist. Professor Emeritus of Economics at the University of Massachusetts, Amherst. Visiting professor, Graduate Program for International Affairs at the New School University in New York City. Author of numerous books including his latest: - "Democracy At Work: A Cure for Capitalism" - "Capitalism Hits the Fan" DVD. - "Contending Economic Theories. Neoclassical, Keynesian, and Marxian". More Books at http://rdwolff.com/books Read more about Professor Wolff's Wikipedia page: http://en.wikipedia.org/wiki/Richard_D._Wolff Permission to reprint Professor Wolff's writing and videos is granted on an individual basis. Please contact profwolff@rdwolff.com to request permission. He reserve the right to refuse or rescind permission at any time. EDITED BY VALERIO PACCI If you liked, and you share the thoughts of this video, please tell your friends and hit that "like" button! For his brilliant thoughts on the economy and what we need to do to turn it around the least I could do is sharing his work. Full credit for this video goes to Professor R.D. Wolff and those involved with this video's production. I take no credit whatsoever. Twitter: http://www.twitter.com/vpacci Subscribe to this Channel for more: http://www.youtube.com/subscription_center?add_user=valeriopacci Thanks for watching!