Economic Update

Why the 2024 Economy was Not So Great

In this week’s episode, Professor Wolff discusses the “catalog” of 2024’s economic problem areas:

(1) Slow growth relative to China/BRICS;
(2) the war in Ukraine;
(3) the crises in Gaza and the greater Middle East;
(4) Biden & Trump tariffs policy;
(5) scapegoating immigrants;
(6) corporations disinterest in climate change and DEI initiatives;
(7) rising U.S. labor militancy and public support;
(8) rise of violence;
(9) social security benefit increases’ failure keep up with inflation.