Economic Update: Instability - Capitalism's Constant

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[S12 E47] Instability - Capitalism's Constant

In this week's show, Prof. Wolff presents updates on the Twitter-Musk scandals, critique of profit as return to risk, mass European union-led strikes against inflation, economic crisis of 54 poorest nations today, US General Assembly vote against US embargo (sanctions) against Cuba, and an analysis of crypto-currency collapse.

*In this show, we said 500,000 nurses went on strike from the Royal College of Nursing. After votes, approximately 100,000 members went on strike, although the union represents around 500,00 members.

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“Marxism always was the critical shadow of capitalism. Their interactions changed them both. Now Marxism is once again stepping into the light as capitalism shakes from its own excesses and confronts decline.”

Check out all of d@w’s books: "The Sickness is the System," "Understanding Socialism," by Richard D. Wolff, and “Stuck Nation” by Bob Hennelly https://www.democracyatwork.info/books
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SOURCES FOR SHOW SEGMENTS:
1.Twitter: https://www.cnn.com/2022/10/28/tech/e...
2. Meta Layoffs: https://www.nbcnews.com/tech/social-m...
3. Strikes: https://www.reuters.com/markets/europ...
https://www.usnews.com/news/business/....
https://gilbertdoctorow.com/2022/11/0...
https://www.theguardian.com/uk-news/2...
4. World's Poorest Countries: https://www.theguardian.com/environme...
5. US Embargo/Sanctions: https://www.axios.com/2022/11/03/un-c...
6. Crypto Collapse: https://finance.yahoo.com/news/canadi...
https://www.wsj.com/articles/ftx-tapp...