Economic Update with Richard D. Wolff cover image

Today's Medicare for All Battle with Dr. William Bronston

Economic Update with Richard D. Wolff

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The Declining Problems of Amazon

The problems are not declining, the system is declining, and that makes a lot of problem. If they have to pay higher prices, if that begins to squeeze their profits, well then they react in the way a capitalist always does. Here's what Amazon is doing. It's cutting back on the, ah, free delivery. You're going to have to start paying extra if you want fast delivery, otherwise you're going to get slow delivery. In other words, capitalists are in a position most of us aren't. They can squeeze us. And so Amazon is following in the path of, you know, the big oil companies when they train the American people to no longer stop at a

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