Economic Update

The U.S. Capitalist Class and the Election / Solving a Fiscal Crisis by Switching to a 32-Hour Work Week

In this week’s episode, Professor Wolff discusses how U.S. foreign aid serves the interests of corporations and their profits. He highlights how San Juan County in Washington state handled its fiscal crisis by cutting its employees’ work week to 32 hours; updates you on workers of Wells Fargo Bank who are currently conducting a unionization drive, which could lead to other U.S. banks doing the same; and provides a quick analysis of the history of settler colonialism in New Zealand and how this practice informs and influences the Israel and Palestinian crisis. Finally, he interviews Professors Michael Hillard and Richard McIntyre for a Marxian analysis of the exceptional nature of the U.S. capitalist class and the U.S. election.