Economic Update: Banks, Banksters and Crisis Finance

Saturday, 07 July 2012 14:50 By Richard D Wolff, Economic Update / Truthout | Economic Update
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On Economic Update Professor Richard Wolff and guests discuss the current state of the economy, both locally and globally in relation to the economic crisis. This episode contains updates on the LIBOR-bank scandal in London and the looming big city bankruptcy in North Las Vegas. The episode includes an interview with Prof. William K. Tabb on banks and finance. The episode ends with responses to questions on the relationship of anarchism and Marxism, and about the basic issues of the US healthcare debate.

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Richard D Wolff

Richard D. Wolff is Professor of Economics Emeritus, University of Massachusetts, Amherst where he taught economics from 1973 to 2008. He is currently a Visiting Professor in the Graduate Program in International Affairs of the New School University, New York City. He also teaches classes regularly at the Brecht Forum in Manhattan. Earlier he taught economics at Yale University (1967-1969) and at the City College of the City University of New York (1969-1973). In 1994, he was a Visiting Professor of Economics at the University of Paris (France), I (Sorbonne). His work is available at and at

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