In this week’s episode, Richard Wolff discusses the underemployment of US college graduates, failed anti-Russian sanctions, the collapsed UK birth rate, and expanding wars in the Middle East. He also dives into the costs and risks in absence of a ceasefire in Gaza.
Finally Professor Wolff welcomes Dr. Harriet Fraad, host of Capitalism Hits Home and a clinical therapist. Professor Wolff and Dr. Fraad explore the post 1970’s deindustrialization in the US, its impact on white males versus other social groups, and resulting US social splits.
This is a special, hour-long edition of Economic Update. The recording of the second half of the show can be found here.