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.
In this week’s show, Professor Wolff analyzes the corporation. It stands as a basic institution blocking real democracy in our society. The corporation’s structure and operations empower and enrich a tiny social minority at the expense of the people’s wealth and democratic power. Like the critiques of slave plantations and feudal manors that preceded the … Continued
The so-called “decoupling” of the US and Chinese economies is NOT happening. Their economies are too deeply intertwined. The reality hidden by “decoupling” is just capitalism’s usual uneven development. Capitalism relocated investment away from its old centers (Western Europe, North America, and Japan) to China, India, Brazil, et al. The US cannot stop or reverse … Continued
This program begins by analyzing the political monopoly (aka, “The Center”) operated by the GOP and Dems in the US: its organization and dominance until the last few years. The monopoly deteriorates as both GOP and Dem coalitions suffer splits and cracks, opening opportunities for radical political shifts and perhaps new parties. The context of … Continued
On today’s show: Professor Wolff updates an analysis of Philadelphia, PA’s extreme income inequality, we consider the number of workers on strike per year since 2017 in the U.S., the UAW organizes a strike at the VW plant in Tennessee and conducts other unionization drives, and 400k public employees go on strike in Quebec, which … Continued
On today’s show: Professor Wolff updates an analysis of Philadelphia, PA’s extreme income inequality, we consider the number of workers on strike per year since 2017 in the U.S., the UAW organizes a strike at the VW plant in Tennessee and conducts other unionization drives, and 400k public employees go on strike in Quebec, which … Continued
On today’s Economic Update, we bring you a special holiday fund drive broadcast. Economic Update will resume its usual programming on December 22, 2023.
On today’s show: Updates on Tesla versus the Swedish unions; a teachers strike in Portland, Oregon; “food insecurity” in U.S. today; how the King of Britain has been secretly profiting from assets of the dead; and a Michigan “entrepreneur” tries and fails to buy the electoral defeat of Rachid Tlaib. In the second part of … Continued
Updates on the closing of a Florida plant that should be converted to worker co-op, oil company profits versus the social damage they do, how mega-corporations (Walmart, Amazon) are taking over the grocery business, and the social purpose and the meaning of the “middle class.” In the second half, Professor Wolff interviews Jared Yates Sexton. … Continued
On today’s show: Updates on the U.K.’s King Charles in Africa Unionization struggles at Starbucks A growing strike against Musks Tesla The Bangladeshi women’s labor strike An analysis of the economic concept of “surplus” and how capitalism makes it possible
Today’s show includes: Updates on risks to UAW strike victories Realtors fined for collusion on real estate commissions Bangladeshi strikes for higher minimum wages for clothing workers China outmaneuvers Malaysia and US in rubber glove business UN vote isolates US, Israel, Ukraine over Cuba embargo Interview with Dr. Stephen Bezruchka on how economic inequality connects … Continued
