Economic Update: Government Bailouts, Corporate Take-Overs and Unemployment
Richard D. Wolff, Economic Update/Truthout: "Updates on the impact of
subprime mortgage abuses and their impact on racial and ethnic
minorities, Japan's nationalization of the Tepco Corp., and the mixed
results of the GM and Chrysler bailouts. Major discussions include: (1)
Why government takeovers of private enterprise are rarely 'socialistic'
and mostly pro-capitalist, and (2) the basic causes and cures for
unemployment in capitalist economies. The radio segment concludes with
responses to comments on the decision-making process of workers'
self-directed enterprises and about claims of recovery in the housing
market."
Listen to the Show
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