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 today’s show, Richard Wolff comments on … Nobel Prize in economics to Harvard Professor Claudia Goldin shootings in Maine and the Halloween rampage global financial secrecy index Biden’s money for wars UAW strike victories at Ford, GM, Stellantis abortion access victory in France
On this week’s show, Prof. Wolff presents an analysis of how and why capitalism is an undemocratic economic system. The first half is devoted to the micro-level, namely to the organization of the enterprise (factory, office or store). Its undemocratic character is exposed using examples and empirical evidence. The second half has a macro-level focus … Continued
From 1945 to 1990 we were told a great struggle pitted capitalism against socialism/communism (chiefly the USSR and China). Yet still today, US leaders demonize Russia and China despite the end of communism in the USSR and a huge growth of capitalist enterprises in China. The explanation lies in US capitalism’s long history of using … Continued
Updates on how Social Security makes African-Americans subsidize whites, lessons from a new survey of young Americans’ politics, the injustice of Europe’s central bank raising its interest rates, Taylor Swift publicly supports Hollywood strikers, and Coco Gauff publicly supports climate change activists. Interview with Mike Elk, editor of The Payday Report, tracking the strike wave … Continued
Updates on writers (WGA) strike, auto-workers (UAW) strike, failure of US Federal Reserve, US govt subsidizes private capitalists. Interview with Pete Dolack on his new book, “What Do We Need Bosses For? Toward Economic Democracy.” Economics Professor Richard D. Wolff and guests discuss the current state of the economy, locally and globally. The program explores … Continued
Discussion of (1) the crisis of today’s real left; (2) the need to acknowledge, build upon, but also go well beyond the successful socialisms of the 19th and 20th centuries; (3) the macro focus on the state and the omission of a microfocus on the workplace; and (4) democratizing workplaces as “what is to be … Continued
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.
20th century socialism is now behind us. Socialists continued to evaluate both its achievements and failures via extensive self-criticism. A changed socialism has emerged, focused on a transition of workplaces from top-down hierarchical capitalist structures into democratic worker cooperatives. The powerful appeal of worker coops as grounding a new 21st century socialism is presented. … Continued
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 economists favoring rent control, leading global capitalists resent/resist US China-bashing, urgent drug shortages in US and a public pharma industry. Major discussion of causes of rising US economic inequality since the 1960s and its socially explosive political effects. Economics Professor Richard D. Wolff and guests discuss the current state of the economy, locally … Continued
