zombie companies

The Devastating Zombie Companies of 2020

Although the analysis is based more so on the American financial system the idea of zombie companies, which are companies that a) do not/cannot make a profit and b) are unable to survive the debt that they owe, is something that is going to hit the United Kingdom very very very quickly and very very very soon.

On this week’s show, Prof. Wolff presents updates on “zombie” companies and their rapid growth in the US, The Federal Reserve “stress tests” expose risks and weaknesses of major US banks.

On the second half of the show, Prof. Wolff is joined by Greek economist, academic, philosopher and politician, Yanis Varoufakis on DiEM25, Europe’s new internationalist left.