Economic Update – August 24, 2018

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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Updates on poverty in California, childhood obesity in US, economic fallout from (real meaning of) Trump steel tariff. Prof Wolff responds to questions by explaining how US politics has sustained US capitalism and what the politics of change will require. With Economics Professor Richard D. Wolff.


Economic Update

Capitalism: Problems and Pushback

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Updates on social costs of criminalizing marijuana, US food outlets taken over by foreign conglomerates, capital labor conflict in India, Trump’s Signature Bank swamp, New Zealand makes 10-days paid domestic violence leave mandatory. Interview with Matt Christman and Will Menaker of the Chapo Trap House podcast phenomenon: how and why its mix of comedy and … Continued


Economic Update

Hiding Capitalism’s Failures

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Updates on Europe’s higher labor force participation; Cuomo campaign fakes “small donations”; US restaurants decline as pinched incomes switch to food delivery; “market” housing system causes homelessness; education fails to overcome black-white wealth gap. Interview with Dr. Harriet Fraad on causes and consequences of US declining fertility rate. With Host Richard D. Wolff.


Economic Update

Doing Better Than Capitalism

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Updates on New Zealand firm succeeds with 4 day workweek; Vienna’s public housing successes; Fordham adjuncts’ union wins big; Burberry destroys $ millions in new clothes; precarious US jobs worsen alcoholism among young; US airlines raise profits by shrinking toilets. Interview on collapse of Toys-R-Us chain (causes and consequences) with worker Cheryl Claude and organizer … Continued


Economic Update

Millennials for Revolution

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Updates on Trump’s tariffs cost Americans jobs, shifting capitalist alliances don’t change the system, Irish parliament stops investing in fossil fuels, Washington state forced fast food employers to stop rigging labor market against employees, why Germany’s “dependence” on Russia is less that the US dependence on China, and why China does not “steal” US technology. … Continued


Economic Update

Historic Lessons

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Updates on Nissan emissions cheating, Americans value labor unions, 2017 corp tax cuts boost share prices, worsened inequality, Trump/GOP trade war reality vs fakery. Interview Elizabeth Marciano, West Va. teacher on state’s successful, historic 2018 public school teacher strikes. With Host Richard D. Wolff.


Economic Update

Labor Versus Capitalism

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Updates on the Left victory in Mexico’s election, SCOTUS’s Janus decision, Foxconn fakery in Wisconsin, forced labor for Medicaid beneficiaries, and scapegoating of immigrants exposed. Interview with Dr. Harriet Fraad on the personal, psychological effects of a dying US empire.


Economic Update

Criticizing Capitalism

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Updates on Colorado’s laws favoring coops, capitalism and suicide, rent control on California ballot, foreign trade controls, French govt vs GE, Ford buys station it helped wreck. Interview with David Harvey on Marx’s contribution to understanding capitalism now. Hosted by Richard D. Wolff.


Economic Update

Contradictions Coming Home

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Updates on the exploding suicide rate in the US, irrational home-building reflects and worsens inequality, VA nurses sue because of overwork required but not paid for, Uihlein family gives extreme right wing candidates (including Roy Moore), mocking claims that this is a one-person-one-vote democracy, Interview with Eli Campbell on the exploding student debt issue and … Continued


Economic Update

Tariffs in an Unraveling Economy

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Updates on tariffs as political fiction, Irish state apologizes for the gross exploitation of girls and women, illegal toxic vehicle emissions continue, Senator Gillibrand seeks to cut restrictions on worker coops. Interview with reporter Bob Hennelly on the US housing crisis as a sign of an unraveling economy. With Host Richard D. Wolff.


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