To mark Economic Update’s 10th anniversary year, Professor Wolff is revisiting relevant moments from 10 years ago to explore how capitalism, its defenders, and its critics have all changed.
For the month of September, Prof Wolff takes a look at the rising cost of education in the US.
"We’re not doing what the Germans do. We’re charging an arm and a leg for higher education. We’re not pouring money into universities and constructing them. We’re seeing them close. We’re seeing them stop various programs. We’re seeing them in endless budgetary distress, unlike the people’s republic of China. The United States, it could be argued, is literally undercutting its own future, shooting itself in the foot by this crazy notion that we can charge whatever we want for higher education and either the students won’t go or will burden them with debt that will distort their life choices for years afterwards." - Richard Wolff
Producing Economic Update has always depended on audience donations to the non-profit Democracy at Work. We’re here because of YOU, our enthusiastic audience. Thank you for your support.
To help us grow for another 10 years, please consider becoming a monthly donor to Democracy at Work. Our monthly donors are invaluable to us, in that they allow us to plan for the future, and commit to bringing you more Economic Update.
Learn about all the ways you can donate to Democracy at Work and support media like Economic Update on our website:
Learn more about d@w’s NEW BOOK by award-winning print and broadcast journalist Robert "Bob" Hennelly.
Stuck Nation: Can the United States Change Course on Our History of Choosing Profits Over People?
“Hennelly brilliantly analyzes our capitalist crises and how individuals cope with them, tragically but often heroically. He helps us draw inspiration and realistic hope from how courageous Americans are facing and fixing a stuck nation.”
- Richard D. Wolff
Check out Prof. Wolff’s other books: "The Sickness is the System," "Understanding Socialism," and "Understanding Marxism"
Want to help us translate and transcribe our videos?
Learn about joining our translation team: http://bit.ly/2J2uIHH
Follow us ONLINE:
Subscribe to our podcast: http://economicupdate.libsyn.com
Shop our Store: http://bit.ly/2JkxIfy