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On this week’s special Labor day episode of Economic Update, Professor Richard Wolff honors both Labor Day and President Abraham Lincoln. President Lincoln once said in 1861 that "Labor is the superior of capital." Yet, capital in the United States has only two major political parties, the Republicans and the Democrats who both are currently advocating for capital over labor and essentially operating as a two-party monopoly excluding all others.

In today's political discourse, Labor has no party advocating for what Lincoln once advocated. The injustice and inequality generated in and for society by capitalist economies is neither necessary nor welcome. A genuine labor party is the missing solution.

The d@w Team Economic Update with Richard D. Wolff is a DemocracyatWork.info Inc. production. We make it a point to provide the show free of ads and rely on viewer support to continue doing so.

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Labor Day And Abe Lincoln, Honoring Both Together