Economic Update

Hotel Workers Strike / Yanis Varoufakis on the Changing World Economy

On this week’s episode:

Professor Richard Wolff draws attention to the 10,000 hotel workers who recently conducted a strike impacting major hotels across 19 U.S. cities. We highlight the contested merger of the two largest grocery chains in America, as Albertsons and Kroger threaten to become the third largest retail giant after Amazon, and Walmart plus the Canadian government forces 9,000 Canadian railway striking workers back to work, with murmurs of a general strike looming. We also give a shout-out to a small Brooklyn pizzeria unionizing with Starbucks workers.

In an exclusive interview, world-renowned economist, politician, author, and former finance minister of Greece Yanis Varoufakis discusses global economic change and the working class, topics discussed in his latest work, Technofeudalism: What Killed Capitalism.