2021-01-25 13:45:52

Economic Update: The Economics Lesson Taught by the Pandemic

On this week's show, Professor Wolff explains where the government is respected and empowered, nations have effectively contained the Covid-19 pandemic. He gives examples including New Zealand, Taiwan, South Korea, Cuba, Vietnam, and China.

Alternately, where the government is demonized, disrespected, distrusted, the pandemic has been devastating.

Examples of this include the UK and the US. Wolff argues that a rational economy includes both less and more government-regulated private enterprises plus state-owned and operated enterprises according to which performs best to meet society's needs.

No fundamentalist "either/or" arguments are justified. Finally, he says how private and government enterprises are internally organized - hierarchical or alternatively democratic worker-co-op - is equally important.

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.

Missed an episode? Check out Economic Update on FSTV VOD anytime or visit the show page for the latest clips.

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Covid COVID-19 Economic Update Economy Free Speech TV Pandemic Richard Wolff

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