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***Help us reach 300,000 subscribers! We are very close to reaching this important milestone but need your assistance. Please like and subscribe and get your family and friends to do so as well. [S12 E47] Instability - Capitalism's Constant In this week's show, Prof. Wolff presents updates on the Twitter-Musk scandals, critique of profit as return to risk, mass European union-led strikes against inflation, economic crisis of 54 poorest nations today, US General Assembly vote against US embargo (sanctions) against Cuba, and an analysis of crypto-currency collapse. *In this show, we said 500,000 nurses went on strike from the Royal College of Nursing. After votes, approximately 100,000 members went on strike, although the union represents around 500,00 members. 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. Join our Patreon community: / democracyatwork and help us spread Prof. Wolff's message to a larger audience. Every donation counts! A special thank you to our devoted donor community whose contributions make this show possible each week. ****************************************************************************************** SUBSCRIBE: EU Podcast | Apple Podcasts | Google Podcasts | Spotify | iHeartRADIO SUPPORT: Join our Patreon community at / democracyatwork or donate on our website at https://www.democracyatwork.info/donate Follow us ONLINE: Facebook: / economicupdate / richarddwolff / democracyatwrk Twitter: / profwolff / democracyatwrk Instagram: / democracyatwrk DailyMotion: https://www.dailymotion.com/democracy... Shop our CO-OP made MERCH: https://democracy-at-work-shop.myshop... Want to help us translate and transcribe our videos? Learn about joining our translation team: https://www.democracyatwork.info/geti... ****************************************************************************************** Check out the 2021 Hardcover edition of “Understanding Marxism,” with a new, lengthy introduction by Richard Wolff is now available at: https://www.lulu.com/ “Marxism always was the critical shadow of capitalism. Their interactions changed them both. Now Marxism is once again stepping into the light as capitalism shakes from its own excesses and confronts decline.” Check out all of d@w’s books: "The Sickness is the System," "Understanding Socialism," by Richard D. Wolff, and “Stuck Nation” by Bob Hennelly https://www.democracyatwork.info/books ****************************************************************************************** SOURCES FOR SHOW SEGMENTS: 1.Twitter: https://www.cnn.com/2022/10/28/tech/e... 2. Meta Layoffs: https://www.nbcnews.com/tech/social-m... 3. Strikes: https://www.reuters.com/markets/europ... https://www.usnews.com/news/business/.... https://gilbertdoctorow.com/2022/11/0... https://www.theguardian.com/uk-news/2... 4. World's Poorest Countries: https://www.theguardian.com/environme... 5. US Embargo/Sanctions: https://www.axios.com/2022/11/03/un-c... 6. Crypto Collapse: https://finance.yahoo.com/news/canadi... https://www.wsj.com/articles/ftx-tapp...