Economic Update with Richard D. Wolff

Latest Episodes:

Capitalism's Anxiety About the State Oct 01, 2020

Show notes

On this week's show, Prof. Wolff presents updates on how capitalism gets in the way of fighting Covid-19, systemic racism and Covid-19, why Europe did not allow the mass unemployment imposed on the US, and Wells Fargo CEO's fake excuse for lack of diversity among bankers. In the second half of the show, Wolff explores why capitalism fears the modern state and how it controls that state.

Growing Left Public Voices Sep 24, 2020

Show notes

On the first half of this week's episode, Prof. Wolff discusses the following: graduate student strike at University of Michigan, Johnson & Johnson charged in opioid deaths, the richest Americans gain $845 billion from March-September 2020, New Jersey raises taxes on millionaires, and real unemployment is at 18%. On the second half of the show, Wolff talks with rising podcaster Mexie on how she brings the left together.

How We Get Beyond Capitalism Sep 17, 2020

Show notes

On this week's show, Prof. Wolff presents updates on the 'Social Progress Index" and US capitalism's decline; how most young Americans, 18-29, now live with their parents; Argentina's debts are cut in half; and lastly, why most of the US economy is now on welfare. The second half of the show features a major discussion of a social transition beyond capitalism.

Professional Athletes Lead The Way Sep 10, 2020

Show notes

On this week's show, Prof. Wolff presents updates on why the FED monetary policy dominates the US; fatal flaws of eviction moratorium; luxury, fashion centers shift to China despite US anti-China policies; and the unnecessary crisis of US restaurants. On the second half of the show, Wolff interviews sports journalist Dave Zirin on historic strikes of US professional athletes.

US Labor Crisis Deepens Sep 03, 2020

Show notes

On this week's all new Economic Update, Prof. Wolff discusses the Federal Reserve's pro-inflation policy's causes and effects, professional athletes and "dual power," more state-monopoly capitalism in the US, and Denmark vs US on Covid-19 battle. On the second half of the show, Prof. Wolff interviews journalist Bob Hennelly on the US labor crisis.

The Declining Empire with Chris Hedges Aug 28, 2020

Show notes

On this week's Economic Update, Prof. Wolff discusses the following: Denmark's new taxes on banks and rich people to help workers doing dangerous jobs; West Virginia AG sues Walmart and CVS for complicity in opioid scandal; and US State Department urges universities to sell shares in Chinese corporations. On the second half of the show, Prof. Wolff interviews author and journalist Chris Hedges on signs of the declining US empire.

China: Capitalist, Socialist, or What? Aug 20, 2020

Show notes

On this week's episode, Prof. Wolff talks about the Chinese economy. China is run by a Communist Party but describes itself as socialist, while the employer/employee structure of its enterprises is capitalist. We examine what this means for (a) its place in the world economy, (b) its place in the transition from capitalism to socialism/communism, and (c) its conflict with the US.

Capitalism's Definition is not Innocent Aug 13, 2020

Show notes

On this week's all new EU, Prof. Wolff contends that defenders of capitalism chose a poor definition because that made it much easier to defend capitalism. A much better, clearer definition was and is available. But, he explains, it exposes capitalism to profound criticisms.

The FED's Rigged Money Management Aug 06, 2020

Show notes

On this week's show, Prof. Wolff discusses the following: the US is a poor place to raise kids according to a recent Forbes' magazine article, the collapsing restaurant industry, eviction policy (France vs US), Bugatti cars for very rich kids, and Pfizer CEO wants big profits from Covid-19 vaccine. On the second half of the show, Prof. Wolff talks with former Goldman Sachs banker Nomi Prins on how the Fed rigs US money supply in disastrous ways.

Pandemic Capitalism: A View from Asia Jul 30, 2020

Show notes

On this week's show, Prof. Wolff discusses corruption of public workers' pensions, capitalist contracts displaced by legal fights, Canada's COVID-19 record vs US, retail apocalypse deepens, and Bezos vs 50 homeless people in Pittsfield. On the second half of the show, Prof. Wolff interviews economist and former UN Assistant Secretary General, Jomo Kwame Sundaram.

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