Economic Update: Spains Thriving Communist Mayor, and More

Saturday, 26 May 2012 16:00 By Richard D Wolff, Economic Update/Truthout | Radio Segment
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Economics Professor Richard D. Wolff and guests discuss the current state of the economy, both locally and globally in relation to the economic crisis. The segment contains economic updates on Providence, Rhode Islands cuts to retired city workers' pensions and a  tax exemption for Brown University;  joblessness and unemployment for recent college grads; and the thriving communist mayor  of Marinaleda, Spain. Major discussions focus on how and why enterprises buys political influence, including examples from Hollywood producers and the ATT Corp. The radio segment ends with responses to questions about the Tobin Tax on financial transactions and on how and why national debts have serious economic consequences.


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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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