10:00 AM Pacific Time: Fridays
Economics Professor Richard D. Wolff and guests discuss the current state of the economy, locally and globally. The program explores government policies, alternative ways to organize, and markets.
From 1945 to 1990 we were told a great struggle pitted capitalism against socialism/communism (chiefly the USSR and China). Yet still today, US leaders demonize Russia and China despite the end of communism in the USSR and a huge growth of capitalist enterprises in China. The explanation lies in US capitalism’s long history of using … Continued
Updates on how Social Security makes African-Americans subsidize whites, lessons from a new survey of young Americans’ politics, the injustice of Europe’s central bank raising its interest rates, Taylor Swift publicly supports Hollywood strikers, and Coco Gauff publicly supports climate change activists. Interview with Mike Elk, editor of The Payday Report, tracking the strike wave … Continued
Updates on writers (WGA) strike, auto-workers (UAW) strike, failure of US Federal Reserve, US govt subsidizes private capitalists. Interview with Pete Dolack on his new book, “What Do We Need Bosses For? Toward Economic Democracy.” Economics Professor Richard D. Wolff and guests discuss the current state of the economy, locally and globally. The program explores … Continued
Discussion of (1) the crisis of today’s real left; (2) the need to acknowledge, build upon, but also go well beyond the successful socialisms of the 19th and 20th centuries; (3) the macro focus on the state and the omission of a microfocus on the workplace; and (4) democratizing workplaces as “what is to be … Continued
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.
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. … Continued
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.
Updates on economists favoring rent control, leading global capitalists resent/resist US China-bashing, urgent drug shortages in US and a public pharma industry. Major discussion of causes of rising US economic inequality since the 1960s and its socially explosive political effects. Economics Professor Richard D. Wolff and guests discuss the current state of the economy, locally … Continued
Updates include how US labor rediscovers the general strike as WGA and SAG-AFTRA strikes merged in LA and allied with hotel workers,’ teamsters’, and teachers unions; drug-producing firms’ profiteering cause shortages of needed medications; new research proves affirmative action for “legacy” students from rich, white families at Harvard, Yale and other elite schools, US domestic … Continued
This over 200-year debate and struggle has become confused and confusing. Too many different definitions make honest, balanced discussions and evaluations of these alternative systems difficult. Because socialism is rising yet again to challenge capitalism, the debate now must take account of the terms’ new and different meanings. We do that here in arguing for … Continued
