
The Socialism Issue
Economic Update with Richard D. Wolff
00:00
Introduction
The decline of our capitalist economic system. I'm going to take of the example of calamazo, michigan,. a city of about 75 thousand people. The problem that kalamazoo has, like so many other cities is that corporations and the rich have been able to use their wealth and their power to reduce the amount of taxes they have to pay. And thit has produced the predictable outcome, the cities deprived of the taxes they could and should get. Have to do what? While one of two things, or both them.
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