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This week: updates on UK war on “Unexplained Wealth;” why capitalism needs yet attacks government; historical reality of low wages in US; cozy deals between big corporations and credit rating agencies again; discussion of capitalism’s oscillations between nationalist and internationalist phases (are we now moving backwards to nationalism again?) and once more on the inefficiency and immorality of markets as a mechanism of distribution. To watch the second half of the interview, please visit us at https://www.patreon.com/economicupdate

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Richard D. Wolff is a Professor of Economics Emeritus at the University of Massachusetts, Amherst, and currently a Visiting Professor of the Graduate Program in International Affairs at the New School University in New York. He is the author of many books, including Democracy at Work: A Cure or Capitalism, and Imagine: Living in a Socialist USA.