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Global Capitalism: Is Capitalism Fading? [March 2017]

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Published on Mar 8, 2017

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Special thanks to this month's sponsor: Lee Schadt from Burnaby, British Columbia, Canada. To sponsor an upcoming episode visit: www.democracyatwork.info/sponsor

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Global Capitalism: "Is Capitalism Fading? Is System Change Underway?" with Richard D. Wolff
Co-sponsored by Democracy at Work, Left Forum & Judson Memorial Church
Wednesday, March 8th 2017 at 7:30pm
Judson Memorial Church (239 Thompson Street at Washington Square, Manhattan)

These programs begin with 30 minutes of short updates on important economic events of the last month, then Wolff analyzes several major economic issues. This month, these issues will include:

1. Lessons from the earlier fadings of slave and feudal economic systems.
2. Losing supporters, losing legitimacy: Obama, Occupy, Bernie, Trump.
3. Honoring International Women’s Day: System change and US women.

Our goal: To develop all participants’ understanding and ability to explain current economic events and trends to others. We open the floor to questions and comments when time permits.

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CONTENT:
00:00 - Announcements etc.
09:15 - Intro
10:19 - Why Republicans want to replace Obamacare
17:29 - Caterpillar’s tax evasion
25:25 - ICE raids and illegal slavery enforced on detained immigrants
31:23 - Harvard acknowledges its historical ties to slavery, fails to acknowledge its current ties to corporations and its tax exempt status
42:57 - Greece & Puerto Rico: people being forced to pay for the actions of politicians and having their countries taken over by outside powers
49:38 - “The Trump Slump”: Trump’s policies harm tourism in the US leading to severe risks to the economy
52:23 - Bill Gates & Carlos Slim: The richest people in the world, what counts as a justified reward for contributions to society
59:42 - Why the US keeps increasing its already bloated defense spending
1:05:20 - An increasing number of US citizens over 60 have student loan debt
1:09:16 - Main topics: Women's Day, women's movements, social change and what to learn from the past, is capitalism fading?

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