Tag: democracy
AskProfWolff: PG&E Bankruptcy and Worker Co-ops
This is Richard Wolff with a response to a question sent in from our Patreon community and in particular from Matt Slagle. Good question! Very much worth a response! Matt asks about the tremendous controversy in California over the performance—or better put the malperformance, the bad performance—of a major public utility there: Pacific Gas and […]
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Portugal Economy Sinks, State Clings to Bailout’s Austerity Terms
JESSICA DESVARIEUX: Welcome to The Real News Network. I’m Jessica Desvarieux in Baltimore. On Sunday, Portugal’s president said he would not be calling for early elections. That means that he will be sticking to the E.U.-IMF $100 billion bailout. This translates into lowering the country’s borrowing rate, and it provides relief for international creditors. But […]
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President of Iceland Ólafur Grímsson: The Will of the People Must Rule the Day
Well Iceland was, in the years that led up to the financial crisis, like every country in Europe and the United States, part of this policy transformation where the financial sector was deregulated, where the freedom of financial capital was increased, where there was a different form of regulations and structures that had prevailed before. […]
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Richard Wolff on Corporate Debt and Warnings From the IMF
Let me turn then to a remarkable story about modern capitalism that sort of illustrates the idea that the problems it has force solutions which then create more problems. Let me give you the example that is urgent now. You all know that we had a crash of global capitalism in 2008 and 9, and […]
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Economic Update: Reparations and Forgiving Student Debts
Welcome, friends, to another edition of Economic Update, a weekly program devoted to the economic dimensions of our lives. I’m your host, Richard Wolff. I want to jump right into a remarkable story. I want to talk about people who don’t get talked about enough. Two million Americans are what we call “home healthcare workers.” […]
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Richard Wolff on Bernie Sanders’ Student Debt Forgiveness Plan
So, my first comment as an economist answers the question: is this a feasible way of going about the problem? There the answer is an unqualified yes, of course. Is this doable? Yes. Would it solve the problem? Absolutely. Let’s take a look. One of the questions raised about it is “oh my goodness this […]
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