Declining Global Inequality And Socialism

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The d@w Team

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This week's updates focus on the ridiculously low ranking of the U.S. among OECD nations, why & how mega-corps get richer faster than we do, the palpable solidarity between the Labor Unions and the writers' strike in the U.S, the UPS teamsters 97% vote to strike beginning on Aug 1, and how Pfizer fails to maintain supplies of penicillin. The major topics of discussion include why global inequality among nations is now falling, and why the phrase "socialism does not work" is flat out wrong.

Economic Update with Richard D. Wolff is a @democracyatwrk production. We make it a point to provide the show free of ads and rely on viewer support to continue doing so. You can support our work by joining our Patreon community: https://www.patreon.com/democracyatwork Every donation counts and helps us spread Prof. Wolff's message to a larger audience.