Economic Update

Debris From A Declining Empire

On this week’s episode, Professor Wolff discusses United Kingdom politician George Galloway’s by-election victory and the raised minimum wage in the UK. He comments on Elon Musk’s lawsuit against the NLRB, as Trader Joe, Starbucks, and Amazon also join to ask a right-wing Supreme Court to gut business regulations. He then looks at US protectionism, as the Biden administration raises tariffs on Chinese electric vehicles, in an attempt to keep Chinese EV’s from US markets. Touching on labor news, he discusses Starbucks’ negotiations with unions and how Michigan’s legislature killed “right-to-work” law after 58 years.

Finally, he interviews Richard RJ Eskow on the current decline of the “US Empire.” Richard Eskow is a journalist and host of The Zero Hour. a syndicated radio and television program. A lead writer, speechwriter, and editor for Bernie Sanders’ 2016 campaign, he was also a featured columnist at The Huffington Post. He worked for years in the corporate world, with governments and with multinational organizations as the World Bank, specializing in healthcare financing, policy, and information technology.