Jan 17 2014
As world leaders are meeting in Davos, Switzerland for their yearly gathering, even the world’s economic elite see income inequality as an issue worth discussing, because it threatens to derail their perception of an economic recovery, and because they worry about the social upheavals it may cause.
The health of our economy is taken to be measured by such obscure and meaningless markers such as the Dow Jones average, rather than by the rates of real unemployment, the wages, job security, and decision making power of the employed, and by the ratio of the lowest wages to the highest CEO paychecks.
We turn next to an economist who turns conventional economic wisdom upside down and relates it to issues of importance to 99% of people, rather than just the richest 1%.
GUEST: Dr. Richard Wolff is a Professor of Economics Emeritus at the University of Massachusetts, Amherst and currently a Visiting Professor in the Graduate Program in International Affairs at the New School University in New York City. He also teaches at the Brecht Forum in Manhattan and is the host of Economic Update heard on KPFK on Sundays at 9 am.
Richard Wolff will be speaking on Saturday January 18th from 2 to 5 pm in Los Angeles at the Professional Musicians Local 47, 817 Vine St, Los Angeles, CA 90038. This event is organized by KPFK and will also benefit the station.
Click here for details of the event.