Economic Update with Richard D. Wolff

Latest Episodes:

Economic Update: Choosing Your Struggles Mar 20, 2016

Show notes

On this week's episode of Economic Update, Prof. Wolff provides updates on FED decision, struggles over China trade and Brexit, and fascism. Major discussions: (1) critique of capitalists' "job creation" and (2) why state support of worker coops is what capitalism got from states for centuries.

Economic Update: Economics of our Politics Mar 14, 2016

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On this week's episode of Economic Update, Prof. Wolff provides updates on Europe's new econ stimulus, French workers rally for job security, US airlines' rip-off fees. Response to question about govt blame for economic crisis since 2008. Major discussions on what capitalist profit is and on the basic economics of our political party system.

Economic Update: Seeds of Fascism? Mar 07, 2016

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On this week's episode of Economic Update, Prof. Wolff provides updates on injustice of Argentina's default settlement, on Pope Francis's rejection of "exploiters," and on stagnating real median incomes in US. Major discussions of (1) what Sanders's support proves about Occupy Wall Street, and (2) economics of fascism.

Economic Update: Good for Profits, Bad for Society Feb 29, 2016

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On this week's Economic Update, Prof. Wolff provides updates on Citibank calls "Recession" for 2016, Robert Gordon's new book "Rise and Fall of American growth, college students to Europe for free educations, drug and food companies profit at public's expense, economics of presidential candidates, pension struggles heat up, and why China's slowdown due to US/Euro/Japan economies. Major discussions of (1) US unemployment and (why profit motive yields economic decisions so often good for profits but bad for society.

Economic Update: Capitalism is the Problem Feb 22, 2016

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Updates on Bloomberg's money, negative interest rates, the oil market, Puerto Rico's cruel sales tax, Fed Reserve governor supports breaking up banks 'too big to fail,' and Apple borrows despite its huge cash hoard. Response to listeners: converting capitalist into worker coop type enterprises. Major discussion: three alternative responses to the huge problems of capitalism today.

Economic Update: Economic Change, Economic Disorder Feb 15, 2016

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On this week's episode of Economic Update, Prof. Wolff provides updates on China achieves economic superpower status, profit produces drug scarcities, Ireland's unjust austerity, millionaire tax in Massachusetts. Major discussions of self-destructive cut-backs in public higher education and the chaos of the monetary system (banks, Fed Reserve, etc.).

Economic Update: Lessons About and From Socialism Feb 07, 2016

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On this week's episode of Economic Update, Prof. Wolff provides updates on the economic significance of Sanders' Iowa vote, Keynes on risks of revolution against capitalism, costs of oil market collapse. Interview with author Pete Dolack on lessons for today of past experiments in socialism."

Economic Update: How Markets Fail Feb 01, 2016

Show notes

On this week's Economic Update, Prof. Wolff provides updates on Johnson Controls Corp evades taxes, Disney sued over abuse of HB-1 visa system, French workers strike against austerity and against socialist government; response to listeners on tax-subsidies for churches and lessons of Israel's kibbutz experience, Major discussions of (a) 5 major market failures, and (b) major change in UK Labor Party policy favoring worker coops.

Economic Update: Capitalism's Results Jan 25, 2016

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On this week's episode of Economic Update, Prof. Wolff provides updates on Obama on/in Detroit, Walmart closing stores, Santa Fe and public banking, food-makers' profits vs people's health. Major discussion of Oxfam and IECD reports on world poverty and inequality.

Economic Update: Fighting Rightist Economics Jan 18, 2016

Show notes

On this week's episode of Economic Update, Prof. Wolff provides updates on worker actions by UK's "junior doctors" and Detroit teachers, Flint's poisoned water, Supreme Court struggle. More on US govt subsidy of religion. Interview on worker coops with Michael Johnson author of new book.