Covering US foreign policy, economic realities, and civil liberties in American society.
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[EU S14 E23] The Political Economy Of Tariffs
In this week’s Economic Update, Professor Richard Wolff devotes the entire program to an analysis of tariffs. We discuss why tariffs are not a worker’s issue, why capitalism’s continuous swings between free trade and protectionist periods and phases make little impact on workers, and why competing capitalists seek to get workers to support their positions on tariffs.