Wednesday, 16 August 2017

Obama's Legacy - Rewarding the Rich - Richard Wolff

In this video clip, Dr. Richard Wolff is interviewed by Sharmini Peries on 'The Real News'. Their discussion focuses on Obama's economic legacy.

Tuesday, 15 August 2017

Economic Update: Faith & Labor Fight Inequality

This week’s Economic Update takes a look at how golf courses are economically undemocratic, how pharmaceutical corporations work to block cheaper drug imports, why corporations in the U.S. do not need or deserve tax cuts, how Monsanto bought academic research to keep its dangerous "Roundup" product on the market, and the politics and economics of scapegoating immigrants in the US and Germany.

Sunday, 13 August 2017

The Crash Is Coming! Prepare For The Imminent Economic Collapse 2017 | Stock Market Crash!

The Economic Doomsday is here. The second financial bubble is going to soon burst, and there’s nothing anyone can do about it. The Federal Reserve has set up the American economy for financial collapse for printing trillions of dollars back in 2008 and 2009.

How the Rich Get Richer – Money in the World Economy | DW Documentary

Exploding real estate prices, zero interest rate and a rising stock market – the rich are getting richer. What danger lies in wait for average citizens?

For years, the world’s central banks have been pursuing a policy of cheap money. The first and foremost is the ECB (European Central Bank), which buys bad stocks and bonds to save banks, tries to fuel economic growth and props up states that are in debt. But what relieves state budgets to the tune of hundreds of billions annoys savers: interest rates are close to zero.

The fiscal policies of the central banks are causing an uncontrolled global deluge of money. Experts are warning of new bubbles. In real estate, for example: it’s not just in German cities that prices are shooting up. In London, a one-bed apartment can easily cost more than a million Euro. More and more money is moving away from the real economy and into the speculative field. Highly complex financial bets are taking place in the global casino - gambling without checks and balances. The winners are set from the start: in Germany and around the world, the rich just get richer. Professor Max Otte says: "This flood of money has caused a dangerous redistribution. Those who have, get more." But with low interest rates, any money in savings accounts just melts away. Those with debts can be happy. But big companies that want to swallow up others are also happy: they can borrow cheap money for their acquisitions. Coupled with the liberalization of the financial markets, money deals have become detached from the real economy. But it’s not just the banks that need a constant source of new, cheap money today. So do states. They need it to keep a grip on their mountains of debt. It’s a kind of snowball system. What happens to our money? Is a new crisis looming? The film 'The Money Deluge' casts a new and surprising light on our money in these times of zero interest rates.

The Next Financial Crisis – Documentary

Friday, 11 August 2017

The Highs and Lows of British Airways - BBC Newsnight

Newsnight's business editor Helen Thomas reports on the recent highs and lows of British Airways.

Tuesday, 8 August 2017

Karl Marx - Vital to Understanding Capitalism - Richard Wolff

In this video clip from an interview with Zain Raza of AcTVism Munich, Dr. Richard Wolff explains the importance of studying Karl Marx in order to understand his critique of capitalism.

Richard D. Wolff is Professor of Economics Emeritus, University of Massachusetts, Amherst. He is currently a Visiting Professor in the Graduate Program in International Affairs of the New School University in New York. Wolff has also taught economics at Yale University, City University of New York, and the University of Paris I (Sorbonne).

Australia Hosts Commodity Conference as Prices Fall

More than 2,000 people are meeting in a remote town in Australia for one of the world's biggest mining conferences.

The summit is taking place against a backdrop of falling commodity prices, which has led to concerns over the economy.

Australia, however, has managed to weather the storm.

Al Jazeera's Andrew Thomas reports from Kalgoorlie, Australia.