Financializing Public Universities for Wall Street's Benefit

On this week's episode of Economic Update, Professor Richard Wolff addresses the numerous requests for financial planning or investment advice that he receives from many of you. We touch on the truth about investing in the stock and/or bond markets. In addition, Professor Wolff offers a basic understanding of the economics of US capitalism's century-long, profit-driven failure to adequately provide housing to its people.

Finally, an interview with Professors Eleni Schirmer and Sofya Aptekar about their new book "Lend and Rule", from Common Notions Press, and their fight against the financialization of US public universities, and why it is so necessary.

Sofya Aptekar is an associate professor of urban studies at the City University of New York School of Labor and Urban Studies. She is the author of Green Card Soldier (MIT, 2023) and a delegate of the Professional Staff Congress. She can be found on X/Twitter at @sofyaaptekar

Eleni Schirmer is a writer living in Montréal. She currently holds a postdoc at Concordia University's Social Justice Centre and organizes with the Debt Collective, the nation's first union of debtors. She can be found on X/Twitter at @EleniSchirmer.

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