Capitalism's Costly Contradictions

WE OWE YOU ALL AN APOLOGY WE OWE YOU ALL AN EXPLANATION WE OWE YOU ALL OUR DEEPEST SENSE OF GRATITUDE THANK YOU FOR YOUR SUPPORT, YOUR UNDERSTANDING, YOUR PATIENCE, YOUR KINDNESSES, YOUR CONCERNS, YOUR QUESTIONS, YOUR DEVOTION, YOUR SOLIDARITY & MOST IMPORTANTLY, THANK YOU FOR YOUR SUPPORT. IT HAS MEANT MORE THAN WE CAN SAY HERE OVER THE PAST TWO MONTHS OF TRIALS, TRIBULATION AND NOW, THE TRIUMPH TO COME.   Please stay connected with us for the latest news from d@w and stay tuned as well as Prof. Wolff explains what's been happening with d@w and the exciting changes to come that we're sure you will enjoy. Sign up for our newsletter for more info and updates as we roll out the next chapter of d@w. https://www.democracyatwork.info/sign_up  ************************************************************************** [EU S13 E24] Capitalism's Costly Contradictions **************************************************************************   Updates on real US unemployment problem; Congress betrays students on student debt issue; huge majorities polled support US teachers, increased teachers pay, teachers' freedoms to teach about race, and teachers' power vs boards of education and state governors, importance of ILWU strike shutting down west coast seaports. Major discussions of capitalism's contradictions around (1) capitalists forever "saving on labor costs,"and (2) capitalists celebrating self-correcting markets." Economic Update with Richard D. Wolff is a @democracyatwrk production. We make it a point to provide the show free of ads and rely on viewer support to continue doing so. You can support our work by joining our Patreon community: https://www.patreon.com/democracyatwork Every donation counts and helps us spread Prof. Wolff's message to a larger audience. A special thank you to our devoted donor community whose contributions make this show possible each week. ****************************************************************************   SUBSCRIBE: EU Podcast | Apple Podcasts | Google Podcasts | Spotify | iHeartRADIO SUPPORT: Join our Patreon community at https://www.patreon.com/democracyatwork or donate on our website at https://www.democracyatwork.info/donate Follow us ONLINE: Facebook: https://www.facebook.com/EconomicUpdate https://www.facebook.com/RichardDWolff https://www.facebook.com/DemocracyatWrk Twitter: https://www.twitter.com/profwolff https://www.twitter.com/democracyatwrk Instagram: https://www.instagram.com/democracyatwrk https://www.instagram.com/profrickwolff    Shop our CO-OP made MERCH: https://democracy-at-work-shop.myshop... **************************************************************************** Check out the Hardcover edition of “Understanding Marxism,” by Professor Richard Wolff at: https://www.lulu.com/ “Marxism always was the critical shadow of capitalism. Their interactions changed them both. Now Marxism is once again stepping into the light as capitalism shakes from its own excesses and confronts decline.”