Economic Update

Special Holiday Fund Drive Episode: Labor Unions and Political Power

On this week’s hour-long episode, Professor Wolff discusses Labor Unions and Political parties. He explains why U.S. and Western capitalism today provoke labor and unions into more and more social and political action. The latest examples are the recent Canadian Postal Workers strike and the Barnes and Noble bookstore workers rally in New York City. … Continued


Economic Update

The U.S. Capitalist Class and the Election / Solving a Fiscal Crisis by Switching to a 32-Hour Work Week

In this week’s episode, Professor Wolff discusses how U.S. foreign aid serves the interests of corporations and their profits. He highlights how San Juan County in Washington state handled its fiscal crisis by cutting its employees’ work week to 32 hours; updates you on workers of Wells Fargo Bank who are currently conducting a unionization … Continued


Economic Update

Opioid Complicity / Dangers and Opportunities of Artificial Intelligence (AI)

On this week’s episode, Professor Wolff discusses how major pharmaceutical companies (CVS, United Healthcare, Cigna) are complicit in the opioid crisis in the United States. Then,he highlights a successful food co-op in Minneapolis and explains the inauthenticity of mainstream discourse on the U.S. economy. Finally, Professor Wolff interviews Richard “RJ” Eskow, Bernie Sanders’ speechwriter, an … Continued


Economic Update

The Global Movement for Cooperatives, with Jerome N. Warren

On this week’s episode: Professor Wolff discusses the repression of student protesters by U.S. universities and politicians, the continued global demands of indigenous people for liberation from colonialism’s legacies, and Harvard’s corporate administration sacrificing its students’ and faculty’s freedom of expression to pander to some of its donors. Finally, Professor Wolff interviews Professor Jerome N. … Continued


Economic Update

The Economics of U.S. Labor Struggles and Gaza

In this week’s episode of Economic Update, Professor Wolff discusses the economic repercussions of Western sanctions and the retaliations they provoke. He then turns to the latest labor strikes and the wage and benefit gains achieved by unions at Boeing and East Coast dock workers. He highlights China’s dominance of the global energy markets, and … Continued


Economic Update

College Admissions, Puerto Rican Crises, and Left Political Unity

On this week’s episode: Professor Richard Wolff discusses the new law signed by California Governor Gavin Newsom banning “legacy and donor” favoritism in private college admissions to foster a “merit system.” He also discusses Javier Milei and his regime in Argentina, which is imposing austerity measures on the country: the masses will suffer to pay … Continued


Economic Update

Flint: The Water Crisis Persists / Obesity Drugs

On this week’s episode of Economic Update: how FED Chair Jerome Powell admits capitalism’s intrinsic instability, a Tennessee plastic plant won’t let workers leave before storm Helene hits, new drugs for obesity (Ozempic and Wegovy) highlight the failures of for-profit medical care. Finally, we interview Jordan Chariton on his new book, We, the Poisoned: Exposing … Continued


Economic Update

Health Insurance Pre-payment Scheme / Emergency Workplace Organizing Committee (EWOC) with Eric Blanc

On this week’s episode: Professor Richard Wolff discusses the modern political history in the United Kingdom, as Conservatives protect UK corporations and the rich by employing “Distractions”: First Brexit and now Ukraine. Next, he turns to the latest worker uprising, this time in Washington state, as workers at Boeing strike demanding better wages and benefits … Continued


Economic Update

Financializing Public Universities for Wall Street’s Benefit

On this week’s episode, Professor Richard Wolff addresses the numerous requests for financial planning or investment advice that he receives from many of you, touching on the truth about investing in the stock and/or bond markets. In addition, he offers a basic understanding of the economics of U.S. capitalism’s century-long, profit-driven failure to adequately provide … Continued