Economic Update: The "Great Debate" That Wasn't

Throughout capitalism's history, the big topic in economics was how far the government should intervene in the economy. Conservatives wanted minimum intervention while liberals and socialists wanted much more. In fact, government intervention mostly aimed at saving, protecting, supporting capitalism. The genuinely "great debate" could and should have been about the strengths and weaknesses of capitalism versus those of a real alternative system, socialism.

Economic Update with Richard D. Wolff takes complex economic issues and makes them understandable, empowering listeners with information to analyze not only their financial situation but the economy at large.

By focusing on the economic dimensions of everyday life - wages, jobs, taxes, debts, interest rates, prices, and profits - the program explores alternative ways to organize markets and government policies.

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