Dr Richard Wolff has a fabulous podcast where he looks at the economic issues of our tie. His award winning Economic update looks a the problems of modern day capitalism and the solutions that this system is producing and Wolff seeks solutions. recently he talked about the Macy corporations and the decision at the top to close some one hundred underperforming stores. The closure of Macy's is a sign that the economic model is deteriorating I America has more and More Americans no longer have the disposable income for shopping in tis iconic store. big business is pretty much saying to underdevloping area that they no longer deserve a macy's nearby and these ill only keep the paces where the money is at and for the ret of the country go fuck yourself and get use to Dollar Tree or Save Marts for a shopping experience..
Wolff failed to pint out that Macy's grew on a mountain of debt buying out other regional department stores including Chicago's own marshal Field and now the chicken is comin home to roost for many beleaguered Macy shoppers. Many in far flung areas will no longer have the opportunity to shop in this store as the few board members get to select and choose where the stores should be located and as Richard Wolff points out this is the biggest problem with capitalism today and a power these companies should not have to hold government and the public hostage. these corporations basically extort as much as they can and when they don't like an area no longer serve the community opening up a downward spiral and tax-base of the community. there is no more eloquent speaker and critic of capitalism than Dr Richard Wolff and the challenges he ponders for capitalism is legitimate discussions needed to reform this brutal system that interrupts and dispossess so many people; in so many different ways and in so many different lands.
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