Economic Update- Yanis Varoufakis on the Changing World Economy

Economic Update

On this week’s episode of Economic Update, Professor Richard Wolff draws attention to the 10,000 hotel workers who recently conducted a strike impacting major hotels across 19 US cities. We highlight the contested merger of the two largest grocery chains in America (Albertsons and Kroger threaten to become the third largest retail giant after Amazon, and Walmart) plus the Canadian government forces 9,000 Canadian railway striking workers back to work, with murmurs of a general strike looming. We also give a shout-out to a small Brooklyn pizzeria unionizing with Starbucks workers. Finally, an exclusive interview with world-renowned economist, author and the former finance minister of Greece Yanis Varoufakis who discusses global economic change and the working class, topics discussed in his latest work "Technofeudalism: What Killed Capitalism".