Economic Update – July 19, 2019

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

Economic Update – July 14, 2019

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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.


Economic Update

Worker Co-ops Rising

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Updates on “regulatory capture” in the US vs EU, IMF report on the US economy today finds major negatives, and how Trump’s desperation for re-election shapes his aggressive policies toward the Federal Reserve, China and Mexico. Interview with John Duda from the Democracy Collaborative and one of the founders of Red Emma’s Booskstore Coffeehouse, a … Continued


Economic Update

Is US Capitalism in Decline?

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Updates on inequalities in pay for CEOs vs average workers; economics of mega-mergers; billionaires’ idea of”charity;” economic consequences of attacking Huawei Corp; Bernie leads on two new bills in Congress to expand and provide loans to employee-owned businesses and worker coops. Interview Prof. Ric McIntyre on basic problems of US capitalism today.


Economic Update

China’s Economic Record and Strategy

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As follow-up to earlier parallel program on the USSR, this program seeks to offer (1) an overview of China’s economic development mostly over the last 25 years (GDP, real wages, etc.), and (2) its economic strategy: learning but also differing from Soviet strategy. Some historical context is also provided.


Economic Update

Rise and Fall of the USSR

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Here we try to go beyond simplistic, sterile Cold War debates of demonizers vs celebrants of the USSR. USSR’s strengths and weaknesses, successes and failures are examined from revolutionary beginnings in 1917 to its 1989 implosion. Second in 2-part series will do same for the People’s Republic of China.


Economic Update

A New Labor Movement Rising

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Updates on US church membership and its tax subsidies, Toyota and Merkel slam US economic nationalism, 40 US states sue price-gouging pharma firms, Trump (“self-described “tariff man”) does not understand that Americans pay all tariffs he imposes, Mothers’ Day and the minimum wage, capitalism and politicians’ corruption. Interview Neha Mathew-Shah, Pres., Progressive Workers Union.


Economic Update

The 3 Basic kinds of Socialism

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As ever more people become anti-capitalist and look toward socialist alternatives, it is important to grasp key differences among the alternative kinds of socialism. This program explains those differences among (1) the moderate or “democratic” socialism ( a la Scandinavia), (2) the communist kind of socialism (in the USSR and People’s Republic of China, and … Continued


Economic Update

Understanding Marxism

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This special edition of “Economic Update” is devoted to Understanding Marxism, the title of a short new book just published by Democracyatwork. Today’s program, like the book, explains Marxism‘s systemic insights into capitalism now. We discuss Marxism‘s basic criticisms of capitalism and also its complex relationship to socialism. Finally, we offer a survey of the last century of Marxism‘s … Continued


Economic Update

Economic Update – May 24, 2019

this episode is no longer available

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.


Economic Update

Economic Update – May 17, 2019

this episode is no longer available

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.