Economic Update – April 18, 2025

Economic Update

Economics Professor Richard D. Wolff and guests discuss the current state of the economy, locally and globally. The program explores alternative ways to organize, markets, and government policies. Click Here to listen to the current episode of Economic Update with Richard D. Wolff.

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Economic Update

Unlearning Market Idolatry

This week on Economic Update, Professor Wolff explores the last 150 years of largely uncritical celebrations of “the market” as if it were a perfect institution that must be protected from the intrusion of other institutions such as the government, labor unions, and popular organizations. We compare a historical example and the present to criticize … Continued


Economic Update

Mounting Economic Problems

In this week’s episode of Economic Update, Professor Richard Wolff discusses certain minimum wages by the Trump administration, the costs of Germany’s rearmament, and how Trump’s tariffs and deportations have hit central America with economic catastrophe. The second half features a detailed discussion of the historical blaming of foreigners for the internal problems of capitalism … Continued


Economic Update

How Marx’s Class Analysis Could Solve Inequality Now

In this week’s episode, Professor Richard Wolff discusses how Marx’s class analysis presents a solution to today’s inequality and the challenges to overcoming it we have faced throughout history. In short, since the early existence of human society, people lived in tribes, clans, and villages that exhibited equality of wealth, income, and political power among … Continued


Economic Update

Build and Fight: The Resistance Forms

In this weeks episode, Professor Wolff discusses the economic causes and effects of the global  demographics decline, the Trump administration’s colonial plans for Greenland, and examples of resistance and fighting back, as the Trump/Musk firing of federal workers gets underway. In the show’s second half, Professor Wolff interviews the activist, organizer, and people’s lawyer who … Continued


Economic Update

Federal Employees Fight Back

This week, Professor Wolff delivers updates on the firing of government workers by Trump/Musk, with an economic analysis showing it to be an attack on the U.S. working class, followed by a discussion of Trump’s foreign policy of turning against Europe as merely an adjustment to an “American Capitalism First” project that is as old … Continued


Economic Update

Special Winter Fund Drive Episode: The Nobel Prize in Economics Exposed

This week’s special hour-long episode of Economic Update features updates on the economic risks and costs Europe faces from deporting or blocking immigrants, as compared to Spain’s prosperity through a pro-immigrant policy; the work of Michael Burawoy, a Marxist sociology professor at UC Berkeley; and how the inflation of meat prices is affected by a … Continued


Economic Update

Special Winter Fund Drive Episode: Unionizing Whole Foods / U.S. Competition with China / Government Cost-Cutting

In this week’s special hour-long episode of Economic Update, Professor Wolff first discusses unionizing Whole Foods workers versus Amazon and then covers Trump and the contradictions, dangers, and global retaliation of the new administration’s tariff program. This is followed by an interview with political scientist Dr. Wilmer J. Leon III on the China-U.S. competition: its … Continued


Economic Update

Capitalism, Lost Empathy, and Rising Addictions (special fund drive episode)

In this week’s special hour-long episode of Economic Update, Professor Wolff discusses Trump’s attempts at taking Panama as more evidence of rising colonialism and imperial ambitions, the recent organizing and strike of 10,000 Colorado grocery workers, and corporations and investment funds abandoning DEI. In the second half of the show, Professor Wolff interviews psychotherapist Tess … Continued


Economic Update

The View from Prison

In this week’s episode: Professor Richard Wolff delivers updates on the North Carolina union election at an Amazon warehouse, the deportation of immigrants, and the U.S. construction industry, a lesson in how capitalism installs new technology like A.I. and how it could be far better done. In the second half of this week’s episode, Professor … Continued


Economic Update

Firefighting in California / New Economics Institute with Clara Mattei

In this week’s episode: Professor Richard Wolff delves into the heroic efforts of California firefighters and their extraordinary work in battling the recent wildfires in Los Angeles. We also explore the progressive transformations occurring within U.S. labor unions and shed light on the escalating housing affordability crisis across the United States. Additionally, we interview Professor … Continued