Economic Update

College Admissions, Puerto Rican Crises, and Left Political Unity

On this week’s episode:

Professor Richard Wolff discusses the new law signed by California Governor Gavin Newsom banning “legacy and donor” favoritism in private college admissions to foster a “merit system.” He also discusses Javier Milei and his regime in Argentina, which is imposing austerity measures on the country: the masses will suffer to pay off debts that enriched the elite few in classic ways.

Then, Professor Wolff interviews economics Professor Ian Seda-Irizarry of the City University of New York about the conditions provoking the rise of the political left and left unity in Puerto Rico.

Ian Seda-Irizarry is an Associate Professor and Graduate Program Director at the
Economics Department of John Jay College, City University of New York. His work
focuses on the current socio-economic crisis of Puerto Rico and its relation to the
island’s first fiscal crisis in the mid-1970s.