Economic Update – August 23, 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

Working Class History and the 2020 Election

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This special program discusses how the history of the US working class shaped US politics. We start with how and why the 1930s Great Depression married the US working class to FDR’s Democratic Party (New Deal Coalition). We next show how and why after 1945, US business leaders and Republicans broke up that marriage to undo … Continued


Economic Update

“Reparations and Forgiving Student Debts”

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Updates on economics of 2 million home health aides, extreme Uber inequalities, Alaska universities 41% budget cuts, Michigan governor during Flint Water Crisis says his critics are “uncivil,” a British district’s labor party proposes a worker-coop sector to UK Parliament using resources from our “Economic Update” programs. Major topics discussed: economics of reparations for African-American … Continued


Economic Update

Socialism and Worker Coops

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20th century socialism is now behind us. Socialists continued to evaluate both its achievements and failures via extensive self-criticism. A changed socialism has emerged, focused on a transition of workplaces from top-down hierarchical capitalist structures into democratic worker cooperatives. The powerful appeal of worker coops as grounding a new 21st century socialism is presented.


Economic Update

Economic Update – July 14, 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

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