Economic Update: How Capitalism Distributes Power

[EU S14 E12]

This week’s Economic Update Professor Richard Wolff discusses the resurging child labor in US, colleges athlete vote to join unions, unionization sweeping not-for-profit charities (hospitals, museums, etc.) such as MassMoca in western Massachusetts. Major discussion of how capitalism concentrates power in mass media (including social media), in authoritarian internal structures of corporations, and via donations and other controls exercised over two major political parties and over politicians.

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