Economic Update

Late Stage Capitalism and Technical Change

On this week’s episode of Economic Update, Professor Wolff delivers updates on the censoring of U.S. government reports on hunger, changes in U.S. agriculture amid capitalism’s decline, the special place of white, male, Christian union members in the MAGA world, and the relation of A.I. and jobs. In the second half of the show, Professor … Continued


Economic Update

Unionizing American Architects

This week on Economic Update, Professor Wolff delivers updates on the I.C.E. raid at a battery factory in Georgia, the growing inequality in the U.S. during both Trump terms, the 75 U.S. military airstrikes on Somalia in 2025, and France’s mass national street actions against the Macron government’s austerity policies. The second part of the … Continued


Economic Update

The Fight Against Money Corrupting Politics

This week on Economic Update, Professor Wolff delivers updates on Bernie-endorsed Independent U.S. Senate candidate Graham Platner in Maine, the latest Gallup poll showing that 68% Americans are pro-union, more than 97% of park workers at Yosemite and Sequoia & Kings Canyon parks vote to unionize, ICE has so far deported half a million. At … Continued


Economic Update

An Argument for a New Labor Party

The left-wing surge of the US working class during the 1930s Great Depression forced the Democratic Party to make the US govt serve the working class more than it ever had before or since. It was called the New Deal. In reaction, the US employer class, angry that gov’t programs for the people were paid … Continued


Economic Update

Social Problems Require Social Movement Solutions

This week’s updates covers Trump ending Housing First, Spain goes for a wealth tax, Trump disqualifies unions at government agencies, France’s mass movement  on September 10th against the Macron government, and Air Canada’s strike by flight attendants who defied the government back-to-work order and won against both the Canadian government and their employer, Air Canada. … Continued


Economic Update

Government Deficits; Why They Happen, Who Benefits From Them, and MMT

Professor Wolff explains what deficits are and why the capitalist system enables and invites employers to cause them. He then proceeds to explain how deficits both solve specific problems of capitalism while also causing others. Over time, problems accumulate to undermine the credit of the US and bring economic crisis. Modern Monetary Theory (MMT) is … Continued