Professor Richard Wolff's Economic Update: This System Does Not Work (audio link)

Listen: http://truth-out.org/news/item/22003-economic-update-this-system-does-not-work

Updates on the Olympics; Chicago university faculty strike; Chevron's contempt; Gallup poll on unemployment; consumer debt rising again; Europeans opposing the privatization of water; and US adults marrying less to cope with the economy. Major discussions on how Soviet socialism actually worked and the decline and inadequacy of pensions in the US. Response to listeners on deflation in today's world economy.