Updates on costs of NBA offense to China, worsening global inequality, poverty mocks Nobel prize for 3 economists working on “incremental solutions” to poverty, why Google donated to global warming deniers, and latest crisis in defaults on US auto loans. Interview Richard Hobbs, Human Agenda Director, San Jose, CA, expert on worker coops.”
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 alternative ways to organize, markets, and government policies.
This program examines the structure and functioning of the large capitalist corporation dominating modern economies. We discuss their basic economics and influence on politics. We criticize rationales for corporate profits such as “risks” and “entrepreneurship” and explore parallels between corporate structures and monarchies.
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 ICE raid in Mississippi, global comparisons of gun violence, conservatives on Dem’s wealth tax ideas. Interview With Dr Harriet Fraad on how capitalism affects mental health in US.
“Analysis of the state of the US economy at summer’s end, 2019: a decidedly mixed picture. Critique of the institution of the market that focuses on its structure, social effects, and particular beneficiaries: a counter to the imaginary ‘free market’.”
Updates on parallel declines of UK and US capitalisms; denials of their systemic problems worsens them. Longer segments on (1) political economy of immigration, and (2) why the basic problem of Central and South America is 2-3 centuries of capitalism producing and reproducing extreme inequality, staggering poverty, and corrupt government elites. That is the … Continued
Updates on politicians’ “blame game” of scapegoating to avoid blaming capitalism, middle class squeezed by prices, limits of workers on corporate boards of directors, lessons from a courageous Puerto Rican people. Interview Rob Robinson, global advocate for the homeless.
On this episode of Economic Update, Prof. Wolff begins with socialism’s history especially in the US: from being widely discussed up to 1945, then repressed in the Cold War, and now vigorously revived since 2008. He then examines socialism’s basic economic criticism of capitalism in the 20th century. And finally, he shows how and why … Continued
Updates on 3 deadly failures of capitalism, DOJ investigation of hi-tech monopolies, worker coops franchised, how income inequality breeds social inequalities. Interview with Bob Hennelly, investigating reporter on Garner, Epstein and Kushner cases.
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