Puerto Rican Crises and Left Political Unity

On this week’s episode of Economic Update, Professor Richard Wolff discusses the new law signed by California Governor Gavin Newsom banning "legacy and donor" favoritism in private college admissions to foster a "merit system." We also bring your attention to Javier Milei and his regime in Argentina as they impose austerity measures on the country: the masses will suffer to pay off debts that enriched the elite few in classic ways.  Finally, we Interviewed economics Professor Ian Seda-Irizarry of the City University of New York about the conditions provoking the rise of the political left and left unity in Puerto Rico. Ian Seda-Irizarry is an Associate Professor and Graduate Program Director at the Economics Department of John Jay College, City University of New York. His work focuses on the current socio-economic crisis of Puerto Rico and its relation to the island’s first fiscal crisis in the mid-1970s.   The d@w Team Economic Update with Richard D. Wolff is a DemocracyatWork.info Inc. 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 Or you can go to our website: https://www.democracyatwork.info/donate   Every donation counts and helps us provide a larger audience with the information they need to better understand the events around the world they can't get anywhere else. We want to thank our devoted community of supporters who help make this show and others we produce possible each week. We kindly ask you to also support the work we do by encouraging others to subscribe to our YouTube channel and website: www.democracyatwork.info