Profits driving stocks a sign of danger

Rick Wolff: Upswing in stocks comes from profits due to cutbacks and concessions, worse is yet to come -   July 28, 2009

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Bio

Richard D. Wolff  is a Professor of Economics Emeritus at the University of Massachusetts, Amherst. And he is currently a Visiting Professor of the Graduate Program in International Affairs at the New School University in New York. Since 2008, he has been writing and speaking chiefly on the global capitalist crisis. His latest book is  Democracy at Work:  A Cure for Capitalism.

Precis

Richard Wolff says workers have to get organized and change their strategic objectives. They have to contend for control of the companies they work for.

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