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.
On this week’s Economic Update, Professor Wolff devotes the entire program to explaining clearly and accessibly what government deficits are, why they occur, and who benefits from them. He shows how deficits and debts reward corporations and the rich at the expense of the mass of employees. This show will equip our audience to see … Continued
On this week’s Economic Update, Professor Wolff discusses a huge victory for Uber and Lyft drivers’ struggling for better wages in Massachusetts. Also, he considers six United States senators who criticized Jamie Dimon, CEO of JP Morgan Chase, for failing to curb fossil fuel investments as promised and discusses the unfortunate new law passed by … Continued
Today’s show is preempted by the second hour of Democracy Now, broadcasting from the RNC in Milwaukee. The first hour can be found here.
This week’s program is devoted to how old socialism’s rapid growth and global spread in the 19th and 20th centuries entailed a focus on the state. Key issues were: (1) Would the socialist state limit itself to regulating capitalist enterprises and the market (as in many Western European nations) to enhance the well-being of the … Continued
In this weeks Economic Update: Professor Richard Wolff discusses the rise of the Chinese car industry, the struggle between employers and employees over in-person versus remote workplaces, and the U.S. military’s anti-vax program in the Philippines, as part of the U.S.-China Cold War that is already underway. In the second half of our program, we … Continued
In this week’s Economic Update, Professor Richard Wolff discusses the latest U.S. and EU tariffs against China’s electric vehicles, the vote by 27,000 Virginia teachers to unionize, and the strike by students and workers at all six University of California campuses against attempted repression of students peacefully advocating a Gaza ceasefire. In the second half … Continued
In this week’s Economic Update, Professor Richard Wolff devotes the entire program to an analysis of tariffs. We discuss why tariffs are not a worker’s issue, why capitalism’s continuous swings between free trade and protectionist periods and phases make little impact on workers, and why competing capitalists seek to get workers to support their positions … Continued
In today’s Economic Update, Professor Richard Wolff discusses The Washington Post’s exposure of the corporate rich sponsoring police repression against student protests and how Boeing, while exhibiting the airlines’ worst safety record, rewards its CEOs. In addition, the UAW loses a union election, as German capitalists and southern governors join forces to intimidate workers with … Continued
In the first half, Professor Richard Wolff focuses on the realities of China’s rise, avoiding the Cold War rhetoric. Then, he analyzes the inflation now threatening the U.S. economy. Its causes and consequences turn out to be quite different from mainstream media treatments of the subject.
In this week’s Economic Update, Professor Richard Wolff discusses the reasons why the official United States unemployment rate is currently low in comparison to historic rates; why U.S. restaurants are losing business; the hypocrisy of Treasury Secretary Janet Yellen, in the face of repression of growing American protest movement against Israeli policy in Gaza; and … Continued
