Economic Update: Best Years of U.S. Lie in its Past

[S11 E28] Best Years of U.S. Lie in its Past

On this week's show, Prof. Wolff talks about Chipotle Mexican Grill blaming its price increases on its workers, economist Arthur Laffer's claims that many poor, minority workers "not worth $15/hour." and false claims that lower taxes help economic growth while higher taxes hurt it. On the second half of the program, Wolff interviews August H. Nimtz, Jr. on today's crisis of a declining U.S. capitalism, its impacts and implications.

**Economic Update with Richard D. Wolff is a‪@democracyatwrk‬ production. We make it a point to provide the show free of ads. Please consider supporting our work. Donate one time or become a monthly donor by visiting us at democracyatwork.info/donate or become a patron of Economic Update on Patreon:   / economicupdate  . Your contributions help keep this content free and accessible to all. Now more than ever, sharing Prof. Wolff's message is critical.
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“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
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About our guest: August Nimtz is a professor of Political Science and African American and African Studies, and Distinguished Teaching Professor, University of Minnesota. Most recent book, Marxism versus Liberalism: Comparative Real-Time Political Analysis. Most recent periodical publication: The Chauvin Verdict: A Historic Victory that Points the Way Forward (Monthly Review Online). Current political work: co-coordinator of the Minnesota Cuba Committee--solidarity work in defense of the Cuban Revolution.

Media Links:
Most recent book Marxism versus Liberalism: Comparative Real-Time Political Analysis
Amazon author's page https://www.amazon.com/-/e/B001HD0RRA
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SOURCES FOR SHOW SEGMENTS:

1. Chipotle Mexican Grill: https://www.restaurantbusinessonline....
https://www.cnbc.com/2021/06/08/chipo...
2. Arthur Laffer's claims: https://www.independent.co.uk/news/wo... minimum-wage-trump-b1863428.html
3. Lower taxes help economic growth: https://www.theguardian.com/commentis...