Economic Update

The Economics of Colonialism Part 1: The British Empire_on Economic Update

Economic Update

Every Wednesday at 4:30pm Pacific – 7:30pm Eastern – 23:30 GMT The Economics of Colonialism Part 1: The British Empire Each show wraps up with Professor Wolff answering some questions that he receives through his website or on Facebook. Economic Update is in partnership with Truthout.org. For downloads and more click here to SUBSCRIBE!… »»»

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The Harm Done By Economists_on Economic Update

Economic Update

Every Wednesday at 4:30pm Pacific – 7:30pm Eastern – 23:30 GMT The Harm Done By Economists This week on Economic Update, Prof. Wolff talks about the unionization drive among minor league professional baseball players, high poverty rates among US families working full-time year round, and the economics of discrimination against pregnant women. In the second… »»»

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What is Communism?_on Economic Update

Economic Update

Every Wednesday at 4:30pm Pacific – 7:30pm Eastern – 23:30 GMT Loneliness – Capitalism’s Collateral Damage This program covers the origins, evolution, and current significance of “communism.” After a brief history of communism as a utopian ideal of community, we treat Marx’s presentation in the Communist Manifesto, and then communism’s subordination to “socialism” to World… »»»

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Loneliness – Capitalism’s Collateral Damage_on Economic Update

Economic Update

Every Wednesday at 4:30pm Pacific – 7:30pm Eastern – 23:30 GMT Loneliness – Capitalism’s Collateral Damage In this weeks show, Prof. Wolff presents updates on record homelessness in New York City, rapidly rising US household debt as recession looms, Washington retreats from globalization to economic nationalism, and 2.2 million in US who lack running water…. »»»

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The Deepening Fragility of US Power_on Economic Update

Economic Update

Every Wednesday at 4:30pm Pacific – 7:30pm Eastern – 23:30 GMT The Deepening Fragility of US Power In this weeks show, Prof. Wolff presents updates on successful unionization at Trader Joes, lottery tickets as disguised regressive taxation, gasoline inflation brings record profits to big oil companies, and pharmaceutical industries’ ad campaign to block gov’t plan… »»»

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Noam Chomsky on Fragile US Empire _on Economic Update

Economic Update

Every Wednesday at 4:30pm Pacific – 7:30pm Eastern – 23:30 GMT Noam Chomsky on Fragile US Empire In this weeks show, Prof. Wolff gives updates on US freight workers strike preparations; progressives and labor targeting municipal government; Chipotle store-closing to stop unionizing, and Occupy Wall Street’s “Debt Collective” $5.8 billion student loan forgiveness win. In… »»»

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Marianne Williamson on US Politics _on Economic Update

Economic Update

Every Wednesday at 4:30pm Pacific – 7:30pm Eastern – 23:30 GMT Marianne Williamson on US Politics In this week’s show, Prof. Wolff presents updates on the decline/fall of Boris Johnson and the parallels with Trump; the Sri Lanka collapse and its lessons; Match Corp secretly funding sides in “culture wars” to keep customers, and the… »»»

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Twin Upsurges: Unionizing and Left Politics _on Economic Update

Economic Update

Every Wednesday at 4:30pm Pacific – 7:30pm Eastern – 23:30 GMT Twin Upsurges: Unionizing and Left Politics In this week’s show, Prof Wolff discusses the unionization efforts by post-doc medical researchers vote union, central bankers mislead on inflation, rising economic footprint and power of BRICS nations, and left victory in Colombia’s elections. The second half… »»»

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Swedish Socialism Undone_on Economic Update

Economic Update

Every Wednesday at 4:30pm Pacific – 7:30pm Eastern – 23:30 GMT Swedish Socialism Undone In this week’s show, Prof. Wolff presents updates on SCOTUS decisions, on the chaos of a declining capitalism, French elections and a strongly resurging French left, and on the meaning of recent collapse of the cryptocurrency markets. In the second half… »»»

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The Great Replacement Theory_on Economic Update

Economic Update

Every Wednesday at 4:30pm Pacific – 7:30pm Eastern – 23:30 GMT The Great Replacement Theory In this week’s show, Prof Wolff discusses the replacement theory’s grain of truth amidst its mostly ideological function: to save capitalism from criticism. He analyzes why US capitalists deprived so many white, male, Christian workers of their jobs, incomes, and… »»»

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The Capitalist Corporation_on Economic Update

Economic Update

Every Wednesday at 4:30pm Pacific – 7:30pm Eastern – 23:30 GMT The Capitalist Corporation This program examines the structure and functioning of the large capitalist corporation dominating modern economies. We discuss their basic economics and influence on politics. We criticize rationales for corporate profits such as “risks” and “entrepreneurship” and explore parallels between corporate structures… »»»

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Political Divides Deepen_on Economic Update

Economic Update

Every Wednesday at 4:30pm Pacific – 7:30pm Eastern – 23:30 GMT Political Divides Deepen In this week’s show, Prof. Wolff presents updates on US’s groceries inflation; US teacher crisis; capitalists profiting from guns and protection from guns, UN report on global suffering from Ukraine war’s and sanctions regimes’ costs to world’s people in terms of… »»»

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Crosscurrents of US Politics_on Economic Update

Economic Update

Every Wednesday at 4:30pm Pacific – 7:30pm Eastern – 23:30 GMT Crosscurrents of US Politics In this week’s show, Prof. Wolff talks about the effect of Ukraine sanctions on inflation, Musk as economic dictator, Idaho progressives impressive gains, and offers a practical response to shootings. In the second half of the show, Wolff interviews media… »»»

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Is The US Facing Another Civil War?_on Economic Update

Economic Update

Every Wednesday at 4:30pm Pacific – 7:30pm Eastern – 23:30 GMT Is The US Facing Another Civil War? In this week’s show, Prof Wolff discusses the stale old debate (competition vs monopoly) and which to blame for inflation; unionization drives across US campuses, and Eastern Kentucky University in particular; how US stores manage inflation; and… »»»

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The System is the Problem_on Economic Update

Economic Update

Every Wednesday at 4:30pm Pacific – 7:30pm Eastern – 23:30 GMT The System is the Problem In this week’s show, Prof. Wolff talks about insurers defrauding pensions, record highway deaths, inflation and risk, interest rate rises, Massachusetts to vote on millionaires tax, Starbucks CEO as dictator, and Mitt Romney’s sudden concern with “fairness” exposed. Each… »»»

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Capitalism’s Flaws Fester_on Economic Update

Economic Update

Every Wednesday at 4:30pm Pacific – 7:30pm Eastern – 23:30 GMT Capitalism’s Flaws Fester In this week’s show, Prof. Wolff discusses today’s US child care workers’ crisis; how sanctions on Russia profit fossil fuel companies and worsen pollution; systemic causes of the US infant formula shortage; how food corp executives helped write Trump’s 2020 order… »»»

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War and the Left_on Economic Update

Economic Update

Every Wednesday at 4:30pm Pacific – 7:30pm Eastern – 23:30 GMT War and the Left In this week’s show, Prof. Wolff talks about the GOP’s stance on student debt forgiveness, US corporations replacing home ownership with rentals, today’s US economy not “strong,” and left unity, as 4 French left parties work to defeat Macron. In… »»»

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Jobs Driving Us Mad_on Economic Update

Economic Update

Every Wednesday at 4:30pm Pacific – 7:30pm Eastern – 23:30 GMT Jobs Driving Us Mad In this week’s show, Prof. Wolff presents updates on the unionization of Grinnell College student-workers; US GDP drops 1.4% in Q1 of 2022; food inflation versus rationing; Germany’s refugee shame; small US businesses to plan price inflation; and western corporations… »»»

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How Markets Fail_on Economic Update

Economic Update

Every Wednesday at 4:30pm Pacific – 7:30pm Eastern – 23:30 GMT How Markets Fail In this week’s show, Prof. Wolff talks about Sri Lankas economic crisis as a global example, and how US billionaires escape taxation at our expense. In the second half, Wolff discusses how and why the market system produces inflations like todays…. »»»

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Progressive Politics Win_on Economic Update

Economic Update

Every Wednesday at 4:30pm Pacific – 7:30pm Eastern – 23:30 GMT Progressive Politics Win This week on Economic Update, an analysis of Ukraine propaganda war, US inflation worsens, the US college debt crisis and New York City eviction crisis looms. In the second half of the show, Wolff interviews Gayle McLaughlin, former Mayor and City… »»»

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Capitalism and Its Self-delusions _on Economic Update

Economic Update

Every Wednesday at 4:30pm Pacific – 7:30pm Eastern – 23:30 GMT Capitalism and Its Self-delusions In the first half of this week’s show, Wolff evaluates US capitalism as a system of production and distribution of goods and services. In the second half, he compares the evaluation with the very different self-image of dominant voices within… »»»

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Amazon Workers Organize a Union_on Economic Update

Economic Update

Every Wednesday at 4:30pm Pacific – 7:30pm Eastern – 23:30 GMT Amazon Workers Organize a Union This week on Economic Update, Prof. Wolff talks about oil and gas inflation, its impacts, and politicians’ phony solutions, the stagnant US gender pay gap and its significance, and why Americans are experiencing economic crisis, while Biden pretends the… »»»

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Christian Socialism_on Economic Update

Economic Update

Every Wednesday at 4:30pm Pacific – 7:30pm Eastern – 23:30 GMT Christian Socialism This week on Economic Update, Prof Wolff presents updates on Amazon workers’ strike, the impact of US inflation, and the underappreciated economic aspects of Russia-Ukraine war. In the second half of the show, Wolff interviews Prof. Joerg Rieger on Christian Socialism, past… »»»

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Green Party vs 2-Party Monopoly _on Economic Update

Economic Update

Every Wednesday at 4:30pm Pacific – 7:30pm Eastern – 23:30 GMT Green Party vs 2-Party Monopoly On this week’s show, Prof. Wolff talks about the UK selling visa to the rich, why “non-profit” is really “un-taxed,” Apple’s CEO’s 2021 pay of $99 million, AOC and NYPD arrests for stealing diapers and kids’ medicines, cleaning products…. »»»

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Unaffordable Housing_on Economic Update

Economic Update

Every Wednesday at 4:30pm Pacific – 7:30pm Eastern – 23:30 GMT Unaffordable Housing This week on Economic Update, Prof. Wolff presents updates on the 2021 record 100,000 opioid overdose deaths in the US, the savage reductions in K-12 public education, inflation’s profiteers, and offers a different take on the truckers’ convoy in Canada. The second… »»»

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Covid Criminals, Pandemic Profiteers_on Economic Update

Economic Update

Every Wednesday at 4:30pm Pacific – 7:30pm Eastern – 23:30 GMT Covid Criminals, Pandemic Profiteers On this week’s show, Prof. Wolff presents updates on Mississippi’s legalization of pot, US’s $30 trillion national debt l, Mexican workers at GM plant vote in militant union, and Amazon (after a year of record profits) 17% price increase, as… »»»

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Fascism_on Economic Update

Economic Update

Every Wednesday at 4:30pm Pacific – 7:30pm Eastern – 23:30 GMT Fascism On this week’s show, Prof. Wolff talks about the US’ 2021 trade deficit and its implications, the FED’s inflation policy dilemma, and the political economy of the Baltimore and Bronx fires. In the second half of the show, Wolff uses the actual history… »»»

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Rebuilding a Labor and Left Movement_on Economic Update

Economic Update

Every Wednesday at 4:30pm Pacific – 7:30pm Eastern – 23:30 GMT Rebuilding a Labor and Left Movement This week on Economic Update, Prof. Wolff presents a critique of US Megacorp merger (Microsoft and Activision Blizzard), China vs US on inflation and economic growth, and the collapse of Boris Johnson (like Trump’s lost election). In the… »»»

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The Socialism Issue_on Economic Update

Economic Update

Every Wednesday at 4:30pm Pacific – 7:30pm Eastern – 23:30 GMT The Socialism Issue On this week’s show, Prof. Wolff talks about the recreation of `company towns’ (eg., Kalamazoo, MI) by the richest US capitalists, Biden and the reality of US jobs lost, how and why the US follows UK decline, and rising mass alienation… »»»

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The End of the Megamachine_on Economic Update

Economic Update

Every Wednesday at 4:30pm Pacific – 7:30pm Eastern – 23:30 GMT The End of the Megamachine On this week’s show, Prof. Wolff talks about the sharp reduction in US population growth; how “lockdowns” are the anti-Covid policy everywhere, ,some gov’t run and focused while others are private, haphazard, and unfocused. In the second half of… »»»

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Emotions and US Politics Today_on Economic Update

Economic Update

Every Wednesday at 4:30pm Pacific – 7:30pm Eastern – 23:30 GMT Emotions and US Politics Today On this week’s show, Prof. Wolff talks about US bank closings as a sign of system decline; victory for 3000 striking Columbia University students; Laredo, Texas combats food deserts with co-ops; pandemic years worsen global inequalities, US defense bill… »»»

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Strikes amid Reviving US Labor Movement_on Economic Update

Economic Update

Every Wednesday at 4:30pm Pacific – 7:30pm Eastern – 23:30 GMT Strikes amid Reviving US Labor Movement This week on Economic Update, Prof. Wolff presents updates on Huawei vs Cisco, Europe’s exploding energy prices falsely blamed on Covid, Robert Kuttner announces he has become a socialist, polls show big drop in religious affiliation and praying… »»»

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Working Class History and the 2020 Election _on Economic Update

Economic Update

Every Wednesday at 4:30pm Pacific – 7:30pm Eastern – 23:30 GMT Working Class History and the 2020 Election with Richard D. Wolff This special program discusses how the history of the US working class shaped US politics. We start with how and why the 1930s Great Depression married the US working class to FDR’s Democratic… »»»

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The Contradictions of 2021_on Economic Update

Economic Update

Every Wednesday at 4:30pm Pacific – 7:30pm Eastern – 23:30 GMT The Contradictions of 2021 with Richard D. Wolff On this week’s show, Prof. Wolff presents updates on Columbia University grad student strike, the contradictions of 2021, Cuba’s Covid vaccine, Trump clone and French politics’ lesson, why US manufacturing jobs keep vanishing, why capital-labor struggles… »»»

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Anti-Mandate is NOT Anti-Vaccine_on Economic Update

Economic Update

Every Wednesday at 4:30pm Pacific – 7:30pm Eastern – 23:30 GMT Anti-Mandate is NOT Anti-Vaccine with Richard D. Wolff On this week’s show, Prof. Wolff presents a critique of obscene wealth in the US and the economics of the rape crisis in th US and UK. The second half of the show features an interview… »»»

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Ecology, Coops, and Profit_on Economic Update

Economic Update

Every Wednesday at 11am Pacific – 2pm Eastern – 19:00 GMT Ecology, Coops, and Profit with Richard D. Wolff On this week’s show, Prof. Wolff presents updates on 50 years of fossil fuel corps putting profits before science, CVS to close 900 drugstores as part of decline of US workers living standards, FBI lies in… »»»

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Class Struggles in US Today_on Economic Update

Economic Update

Every Wednesday at 11am Pacific – 2pm Eastern – 19:00 GMT Class Struggles in US Today_ on ECONOMIC UPDATE with Richard D. Wolff On this week’s show, Prof. Wolff talks about teacher burnout economics, inflation as an employer-employee fight, the “labor shortage” isn’t, “Build Back Better” does not begin to approach what Europe already has,… »»»

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Imagining a Different Economy_on Economic Update

Economic Update

Every Wednesday at 11am Pacific – 2pm Eastern – 19:00 GMT Imagining a Different Economy_ on ECONOMIC UPDATE with Richard D. Wolff On this week’s show, Prof. Wolff presents updates on his recent debate with Ayn Rand Institute on capitalism vs socialism, inflation in Europe, an analysis of right vs left splitting in US today,… »»»

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Chris Hedges and US Prisons_on Economic Update

Economic Update

Every Wednesday at 11am Pacific – 2pm Eastern – 19:00 GMT Chris Hedges and US Prisons_ on ECONOMIC UPDATE with Richard D. Wolff On this week’s show, Prof. Wolff presents updates on South Dakota leads US to become world’s #2 “tax haven,” pandemic’s economic shock cut by very uncapitalistic means, why employers want the govt… »»»

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Germany Shifts Left_on Economic Update

Economic Update

Every Wednesday at 11am Pacific – 2pm Eastern – 19:00 GMT Germany Shifts Left_ on ECONOMIC UPDATE with Richard D. Wolff On this week’s show, Prof. Wolff presents updates on Biden’s and Democrats’ fading tax reforms, German and Austrian politics shift left, Yale sells out to rich donors, product shortages often deliberate, wages for housework,… »»»

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A Story of War_on Economic Update

Economic Update

Every Wednesday at 11am Pacific – 2pm Eastern – 19:00 GMT A Story of War_ on ECONOMIC UPDATE with Richard D. Wolff On this week’s show, Prof. Wolff discusses how Amazon rips off small business and squeezes workers, US and China’s military tactics, top mainstream economists grasp the deepening critique of capitalism, and how strikes… »»»

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China and Inflation: Real Analyses, not BS_on Economic Update

Economic Update

Every Wednesday at 11am Pacific – 2pm Eastern – 19:00 GMT China and Inflation: Real Analyses, not BS_ on ECONOMIC UPDATE with Richard D. Wolff The program’s first half focuses on the realities of China’s rise and not the Cold War rhetoric. The second half analyzes the inflation now threatening the US economy. Its causes… »»»

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Cornel West on “Black Prophetic Fire”_on Economic Update

Economic Update

Every Wednesday at 11am Pacific – 2pm Eastern – 19:00 GMT Cornel West on “Black Prophetic Fire” on ECONOMIC UPDATE with Richard D. Wolff On this week’s show, Prof. Wolff presents updates on the strengths of socialism in German elections, British and US public opinion; and the US policies that are impoverishing its Puerto Rican… »»»

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Signs of System Decline_on Economic Update

Economic Update

Every Wednesday at 11am Pacific – 2pm Eastern – 19:00 GMT Signs of System Decline_on ECONOMIC UPDATE with Richard D. Wolff On this weeks show, Prof. Wolff presents updates on the following topics: US wars lost: against Afghanistan, Iraq, and Covid; private profit from climate disaster; systemic infrastructure neglect; decline of whites in US; UK… »»»

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How US Workers are Really Treated_on Economic Update

Economic Update

Every Wednesday at 11am Pacific – 2pm Eastern – 19:00 GMT How US Workers are Really Treated_on ECONOMIC UPDATE with Richard D. Wolff This week on Economic Update, Prof. Wolff pays to Mikis Theodorakis, Greek musician and political hero and discusses Starbucks workers in Buffalo, the economic fallout of Supreme Court’s anti-aborton act, what Hurricane… »»»

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Native Americans and American Socialists_on Economic Update

Economic Update

Every Wednesday at 11am Pacific – 2pm Eastern – 19:00 GMT Native Americans and American Socialists_on ECONOMIC UPDATE with Richard D. Wolff On this week’s show, Prof. Wolff present updates on global supply chain slow-downs; student costs/debts in US, UK far higher than in most peer nations; FED adds inflation to the ways its policies… »»»

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SOCIALISM AND WORKER COOPS_on Economic Update

Economic Update

Every Wednesday at 11am Pacific – 2pm Eastern – 19:00 GMT SOCIALISM AND WORKER COOPS _on 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… »»»

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Occupy Wall Street: Analysis and Legacy _on Economic Update

Economic Update

Every Wednesday at 11am Pacific – 2pm Eastern – 19:00 GMT Occupy Wall Street: Analysis and Legacy _on ECONOMIC UPDATE with Richard D. Wolff This program is devoted to Occupy Wall Street (OWS) on its 10th anniversary. Prof. Wolff discusses OWS as a historic turning point, as legacy for the US left, and his personal… »»»

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The Rational and Irrational in Anti-Vaxxers _on Economic Update

Economic Update

Every Wednesday at 11am Pacific – 2pm Eastern – 19:00 GMT The Rational and Irrational in Anti-Vaxxers _on ECONOMIC UPDATE with Richard D. Wolff On this week’s show, Prof. Wolff presents updates on the complexities of anti-vaccination movements, the long decline of religion in US capitalism, Disneyss shift to serve the richest, lessons from AFL-CIO… »»»

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20 Years after 9/11, US is still a Stuck Nation _on Economic Update

Economic Update

Every Wednesday at 11am Pacific – 2pm Eastern – 19:00 GMT 20 Years after 9/11, US is still a Stuck Nation _on ECONOMIC UPDATE with Richard D. Wolff On this week’s show, Prof. Wolff presents updates on Alabama miners’ strike, how China’s focus on reducing inequality affects competition with the US, and the economics of… »»»

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Extremes of Rich/Poor in US Capitalism_on Economic Update

Economic Update

Every Wednesday at 11am Pacific – 2pm Eastern – 19:00 GMT Extremes of Rich/Poor in US Capitalism _on ECONOMIC UPDATE with Richard D. Wolff This week on Economic Update, Prof. Wolff discusses the new US program for monthly child benefits; why Covid strengthens some and divides other nations; the myth of “labor shortage;” the real… »»»

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Liberating Technology from Capitalism_on Economic Update

Economic Update

Every Wednesday at 11am Pacific – 2pm Eastern – 19:00 GMT Liberating Technology from Capitalism _on ECONOMIC UPDATE with Richard D. Wolff On this week’s show, Prof. Wolff provides updates on two small labor victories (Vermont’s AFL-CIO and 4000 pork-processing meat cutters in Sioux Falls), how global capitalism became even more unequal during the pandemic,… »»»

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Chile’s Feminist Social Revolution_on Economic Update

Economic Update

Every Wednesday at 11am Pacific – 2pm Eastern – 19:00 GMT Chile’s Feminist Social Revolution _on ECONOMIC UPDATE with Richard D. Wolff On this week’s show, Prof. Wolff discusses the election of a socialist, African-American woman as new mayor in Buffalo, NY; US unemployment insurance’s meager support for jobless; Teamsters target Amazon workers for union… »»»

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A US Left Rises to Remake the World_on Economic Update

Economic Update

Every Wednesday at 11am Pacific – 2pm Eastern – 19:00 GMT A US Left Rises to Remake the World _on ECONOMIC UPDATE with Richard D. Wolff On this week’s show, Prof. Wolff presents updates on “Friends” reunion and what it teaches, how China outmaneuvers US tariffs, etc., and how Yellow Vests plus French unions defeated… »»»

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Best Years of US Lie in its Past_on Economic Update

Economic Update

Every Wednesday at 11am Pacific – 2pm Eastern – 19:00 GMT Best Years of US Lie in its Past _on ECONOMIC UPDATE with Richard D. Wolff On this week’s show, Prof. Wolff talks about Chipotle Mexican Grill blaming its price increases on its workers, economist Arthur Laffer’s claims that many poor, minority workers “not worth… »»»

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Capitalism’s Shrinking Popularity_on Economic Update

Economic Update

Every Wednesday at 11am Pacific – 2pm Eastern – 19:00 GMT Capitalism’s Shrinking Popularity _on ECONOMIC UPDATE with Richard D. Wolff On this week’s show, Prof. Wolff discusses French voters abstaining (66%), and rejecting party establishments in the face of social crisis; Seattle City Council helps tenants with law changes as conservatives seek to recall… »»»

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The Challenge of Progressive Unionism_on Economic Update

Economic Update

Every Wednesday at 11am Pacific – 2pm Eastern – 19:00 GMT The Challenge of Progressive Unionism _on ECONOMIC UPDATE with Richard D. Wolff On this week’s show, Prof. Wolff discusses Wall Street money corrupting US elections and the facts of a declining US capitalism (wage stagnation driving inequality, rising health and education costs, falling real… »»»

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Inflation and Labor Shortage_on Economic Update

Economic Update

Every Wednesday at 11am Pacific – 2pm Eastern – 19:00 GMT Inflation and Labor Shortage _on ECONOMIC UPDATE with Richard D. Wolff On this week’s show, Prof Wolff talks about the social effects of inflation and the lack of accountability on the part of employers. Capitalist employers set prices with the only motive of maximizing…. »»»

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Insurgent Working Class and Organization_on Economic Update

Economic Update

Every Wednesday at 11am Pacific – 2pm Eastern – 19:00 GMT Insurgent Working Class and Organization _on ECONOMIC UPDATE with Richard D. Wolff In this week’s show, Prof Wolff presents updates on the efforts to finally add dental, vision, and hearing coverage to Medicare, the effects of Trump’s tariffs on China, and the contradictions between… »»»

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The Center Cannot Hold _on Economic Update

Economic Update

Every Wednesday at 11am Pacific – 2pm Eastern – 19:00 GMT The Center Cannot Hold _on ECONOMIC UPDATE with Richard D. Wolff 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… »»»

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A Living Wage _on Economic Update

Economic Update

Every Wednesday at 11am Pacific – 2pm Eastern – 19:00 GMT A Living Wage _on ECONOMIC UPDATE with Richard D. Wolff On this week’s show, Prof. Wolff comments on how and why “consumerism” matters and on why Biden’s “progressive shift” is both like and unlike (far more limited so far) FDR’s. Wolff then interviews two… »»»

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The Great American Purge_on Economic Update

Economic Update

Every Wednesday at 11am Pacific – 2pm Eastern – 19:00 GMT The Great American Purge _on ECONOMIC UPDATE with Richard D. Wolff The program begins by explaining the economics behind the great US anti-leftist purge (McCarthyism) after 1945. It then shows the economic impacts of that purge over the last half century. Finally, it explains… »»»

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Labor and Capitalism’s Rise and Fall_on Economic Update

Economic Update

Every Wednesday at 11am Pacific – 2pm Eastern – 19:00 GMT Labor and Capitalism’s Rise and Fall _on ECONOMIC UPDATE with Richard D. Wolff On this week’s show, Prof. Wolff discusses Congress Bills H.R.51 giving statehood to Washington, DC, and H.R.1 countering GOP efforts to restrict voting; and Biden’s tax reforms to help pay for… »»»

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Valuing Work by Women of Color_on Economic Update

Economic Update

Every Wednesday at 11am Pacific – 2pm Eastern – 19:00 GMT Valuing Work by Women of Color _on ECONOMIC UPDATE with Richard D. Wolff On this week’s show, Prof. Wolff discusses Bernie Madoff’s $ 82 billion swindles and capitalism’s incentives for swindling, the economics of wars in Iraq and Afghanistan, US government’s racist housing policies,… »»»

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Capitalism versus Democracy_on Economic Update

Economic Update

Every Wednesday at 11am Pacific – 2pm Eastern – 19:00 GMT Capitalism versus Democracy _on ECONOMIC UPDATE with Richard D. Wolff 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… »»»

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How US Capitalism Uses Nationalism_on Economic Update

Economic Update

Every Wednesday at 11am Pacific – 2pm Eastern – 19:00 GMT How US Capitalism Uses Nationalism _on ECONOMIC UPDATE with Richard D. Wolff 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… »»»

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A Green 3rd Party for the US_on Economic Update

Economic Update

Every Wednesday at 11am Pacific – 2pm Eastern – 19:00 GMT A Green 3rd Party for the US _on ECONOMIC UPDATE with Richard D. Wolff On this week’s episode, Prof. Wolff talks about Rolls Royce’s $400,000 cars, unionization defeat at Amazon, why Biden boom is just hype, and progressive wins in the New York state… »»»

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Workers Successfully Take Over their Workplaces_on Economic Update

Economic Update

Every Wednesday at 11am Pacific – 2pm Eastern – 19:00 GMT Workers Successfully Take Over their Workplaces _on ECONOMIC UPDATE with Richard D. Wolff On this week’s show, Prof. Wolff discusses how the US home rental market is failing over 20% of all renters, and the basic flaws in Biden’s $2 trillion infrastructure proposal. On… »»»

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When Economic Systems Fail_on Economic Update

Economic Update

Every Wednesday at 11am Pacific – 2pm Eastern – 19:00 GMT When Economic Systems Fail _on ECONOMIC UPDATE with Richard D. Wolff On this week’s episode, Prof. Wolff talks about the structural failure of Biden’s American Rescue Plan, Nigerian mass workers’ movement, private electricity for the US rich, big vs small business struggles, and why… »»»

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Dems’ Self-promotion versus Hard Economic Realities_on Economic Update

Economic Update

Every Wednesday at 11am Pacific – 2pm Eastern – 19:00 GMT Dems’ Self-promotion versus Hard Economic Realities _on ECONOMIC UPDATE with Richard D. Wolff On this week’s show, Prof. Wolff discusses the US coal industry decline, Brazil’s Covid disaster, economic surge after Covid, and Elizabeth Warren’s wealth tax proposal. On the second half of the… »»»

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Finally a Tiny Sales Tax on Stocks _on Economic Update

Economic Update

Every Wednesday at 11am Pacific – 2pm Eastern – 19:00 GMT Finally a Tiny Sales Tax on Stocks _on ECONOMIC UPDATE with Richard D. Wolff On this week’s show, Wolff talks about the taxing of CEO pay in the US, the immoral and self-defeating vaccine policy, and LeBron James speaking out on social issues. On… »»»

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People to People: Horizontal Social Change _on Economic Update

Economic Update

Every Wednesday at 11am Pacific – 2pm Eastern – 19:00 GMT People to People: Horizontal Social Change _on ECONOMIC UPDATE with Richard D. Wolff On this week’s show, Prof. Wolff presents updates on the Texas energy catastrophe, the ‘Robinhood/Reddit’ Wall Street incident, college workers organizing, Hollywood’s dependency on China, and how New Zealand used total… »»»

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Socialism and Puerto Rico_on Economic Update

Economic Update

Every Wednesday at 11am Pacific – 2pm Eastern – 19:00 GMT Socialism and Puerto Rico_on ECONOMIC UPDATE with Richard D. Wolff On this week’s EU, Prof. Wolff presents updates on worsening US inequality, universities borrowing more, billions earned by hedge funds in 2020, Bezos “charity” giving, Macron and French conservatives’ anti-Americanism, and Communists after 1945… »»»

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The System Implodes: Amazon, Evictions, Tax Abuses, and Minimum Wages_on Economic Update

Economic Update

Every Wednesday at 11am Pacific – 2pm Eastern – 19:00 GMT The System Implodes: Amazon, Evictions, Tax Abuses, and Minimum Wages_on ECONOMIC UPDATE with Richard D. Wolff On this week’s show, Prof. Wolff discusses Amazon’s profits; New York state’s eviction crisis and capitalism’s reproduction of poverty and inequality; New York’s stock transfer tax; raising the… »»»

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Why Capitalism Reproduces Inequality and a Solution_on Economic Update

Economic Update

Every Wednesday at 11am Pacific – 2pm Eastern – 19:00 GMT Why Capitalism Reproduces Inequality and a Solution_on ECONOMIC UPDATE with Richard D. Wolff The extreme economic inequalities of both global and US capitalism are not new or exceptional. Capitalism reproduces inequality and repeatedly blocks or reverses redistribution efforts.Inequality stems from capitalist enterprises’ internal organization:… »»»

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The US Political Right in Anger and Mourning_on Economic Update

Economic Update

Every Wednesday at 11am Pacific – 2pm Eastern – 19:00 GMT The US Political Right in Anger and Mourning_on ECONOMIC UPDATE with Richard D. Wolff On this week’s show, Prof. Wolff presents updates on the radical policies of Berlin’s city gov’t and its Die LInke Party; why raising minimum wage to $15/hour is too little,… »»»

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History’s Lessons on Capitalism’s Failures: Germany and US_on Economic Update

Economic Update

Every Wednesday at 11am Pacific – 2pm Eastern – 19:00 GMT History’s Lessons on Capitalism’s Failures: Germany and US_on ECONOMIC UPDATE with Richard D. Wolff On this week’s show, Prof. Wolff evaluates capitalism by how it deals with Covid-19 and talks about Boeing’s latest fatal crash. The second half of the show is dedicated to… »»»

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Why Women Have Better Sex In Socialism_on Economic Update

Economic Update

Every Wednesday at 11am Pacific – 2pm Eastern – 19:00 GMT Why Women Have Better Sex In Socialism_on ECONOMIC UPDATE with Richard D. Wolff On this week’s show, Prof. Wolff presents short updates on theEconomic Plans of the Biden administration and US economic inequality and why raising minimum wage to $15/hour is insufficient to deal… »»»

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The Economics Lesson Taught by the Pandemic_on Economic Update

Economic Update

Every Wednesday at 11am Pacific – 2pm Eastern – 19:00 GMT The Economics Lesson Taught by the Pandemic _on ECONOMIC UPDATE with Richard D. Wolff On this week’s show, Professor Wolff explains where the government is respected and empowered, nations have effectively contained the Covid-19 pandemic. He gives examples including New Zealand, Taiwan, South Korea,… »»»

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Noam Chomsky on Prospects and Tasks as 2021 Begins_on Economic Update

Economic Update

Every Wednesday at 11am Pacific – 2pm Eastern – 19:00 GMT Noam Chomsky on Prospects and Tasks as 2021 Begins _on ECONOMIC UPDATE with Richard D. Wolff This week, Professor Wolff gives updates on President-elect Biden’s economic advisor “team”, how Argentina’s women’s movement leads the defeat of the government and Roman Catholic Church oppositions to… »»»

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Externalities and Capitalism’s Inefficiencies_on Economic Update

Economic Update

Every Wednesday at 11am Pacific – 2pm Eastern – 19:00 GMT Externalities and Capitalism’s Inefficiencies _on ECONOMIC UPDATE with Richard D. Wolff This program introduces the economic concept of “externalities.” Those are the real costs of employers’ business decisions that employers do not pay for or take into account: costs “external” to businesses’ profit/loss calculations…. »»»

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Capitalism Versus Socialism_on Economic Update

Economic Update

Every Wednesday at 11am Pacific – 2pm Eastern – 19:00 GMT Capitalism Versus Socialism _on ECONOMIC UPDATE with Richard D. Wolff This over 200-year debate and struggle has become confused and confusing. Too many different definitions make honest, balanced discussions and evaluations of these alternative systems difficult. Because socialism is rising yet again to challenge… »»»

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Growing Independent, Progressive Media _on Economic Update

Economic Update

Every Wednesday at 11am Pacific – 2pm Eastern – 19:00 GMT Growing Independent, Progressive Media _on ECONOMIC UPDATE with Richard D. Wolff This week’s show features updates on the continuing lessons from 2020 at the year’s end: the economics of US policing and the ‘defund’ campaign, building a Cold War against China, and lessons from… »»»

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Lessons From A Crisis Year 2020_on Economic Update

Economic Update

Every Wednesday at 11am Pacific – 2pm Eastern – 19:00 GMT Lessons From A Crisis Year 2020 _on ECONOMIC UPDATE with Richard D. Wolff This week’s show features a survey of the major economic events of 2020 that were poorly covered by mainstream media: the twin crises of viral pandemic/capitalist crash; protesting right-wing regimes (France,… »»»

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Working Class Power_on Economic Update

Economic Update

Every Wednesday at 11am Pacific – 2pm Eastern – 19:00 GMT Working Class Power _on ECONOMIC UPDATE with Richard D. Wolff On this week’s show, Prof. Wolff discusses Biden’s ‘new economic team,’ big US banks falling short in key stress tests, India’s 250-million-strong general strike, and lastly, huge chunk of US relief funds aimed at… »»»

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Social Movement Gains in LA_on Economic Update

Economic Update

Every Wednesday at 11am Pacific – 2pm Eastern – 19:00 GMT Social Movement Gains in LA _on ECONOMIC UPDATE with Richard D. Wolff On this week’s show, Prof. Wolff discusses the immense social waste of US unemployment now, Trump ban on investing in Chinese companies, new global organization for worker co-ops, higher education cuts in… »»»

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What ‘Capitalism’s Decline’ Means_on Economic Update

Economic Update

Every Wednesday at 11am Pacific – 2pm Eastern – 19:00 GMT What ‘Capitalism’s Decline’ Means _on ECONOMIC UPDATE with Richard D. Wolff This week’s show is dedicated to a discussion of the signs of US capitalism’s decline. US history as the passage of US capitalism from its birth, through its state-supported growth and expansion, to… »»»

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What ‘Capitalism’s Decline’ Means_on Economic Update

Economic Update

Every Wednesday at 11am Pacific – 2pm Eastern – 19:00 GMT What ‘Capitalism’s Decline’ Means _on ECONOMIC UPDATE with Richard D. Wolff This week’s show is dedicated to a discussion of the signs of US capitalism’s decline. US history as the passage of US capitalism from its birth, through its state-supported growth and expansion, to… »»»

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US Labor battles Covid-19 and Politics_on Economic Update

Economic Update

Every Wednesday at 11am Pacific – 2pm Eastern – 19:00 GMT US Labor battles Covid-19 and Politics _on ECONOMIC UPDATE with Richard D. Wolff On the first half of this week’s show, Prof. Wolff discusses labor’s gains in Florida and Maine and losses (the tragic Prop 22 in California), and the refutation of the claim… »»»

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No Matter Who Wins_on Economic Update

Economic Update

Every Wednesday at 11am Pacific – 2pm Eastern – 19:00 GMT No Matter Who Wins _on ECONOMIC UPDATE with Richard D. Wolff Each show wraps up with Professor Wolff answering some questions that he receives through his website or on Facebook. Economic Update is in partnership with Truthout.org. This show was broadcast on November 11,… »»»

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Capitalism’s Worst Nightmare_on Economic Update

Economic Update

Every Wednesday at 11am Pacific – 2pm Eastern – 19:00 GMT Capitalism’s Worst Nightmare _on ECONOMIC UPDATE with Richard D. Wolff On this week’s show: what major social changes will flow from today’s combination of major economic crash and the viral pandemic (capitalism’s worst nightmare)? To answer, we consider how European feudalism changed after its… »»»

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Cuban Commitment to Worker Coops_on Economic Update

Economic Update

Every Wednesday at 11am Pacific – 2pm Eastern – 19:00 GMT Cuban Commitment to Worker Coops _on ECONOMIC UPDATE with Richard D. Wolff On the first half of this week’s show, Prof. Wolff presents updates on the different metrics used for US unemployment, IMF on uneven recovery, money and US elections, Indigenous People’s Day, and… »»»

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Progressive Social Media Surges in Canada_on Economic Update

Economic Update

Every Wednesday at 11am Pacific – 2pm Eastern – 19:00 GMT Progressive Social Media Surges in Canada _on ECONOMIC UPDATE with Richard D. Wolff On the first half of this week’s episode, Prof. Wolff presents a critique of pandemic eviction and updates on: the real US unemployment costs, Denmark sides with Germany against US pressure,… »»»

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New US Labor Militancy_on Economic Update

Economic Update

Every Wednesday at 11am Pacific – 2pm Eastern – 19:00 GMT New US Labor Militancy _on ECONOMIC UPDATE with Richard D. Wolff On this week’s show, Prof. Wolff talks about the Geneva, Switzerland vote that’s raising the min wage to $ 25.16/hour or over $50k/year; GOP block federal aid to cities and states; economics of… »»»

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Capitalism’s Anxiety About the State_on Economic Update

Economic Update

Every Wednesday at 11am Pacific – 2pm Eastern – 19:00 GMT Capitalism’s Anxiety About the State _on ECONOMIC UPDATE with Richard D. Wolff On this week’s show, Prof. Wolff presents updates on how capitalism gets in the way of fighting Covid-19, systemic racism and Covid-19, why Europe did not allow the mass unemployment imposed on… »»»

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Growing Left Public Voices_on Economic Update

Economic Update

Every Wednesday at 11am Pacific – 2pm Eastern – 19:00 GMT Growing Left Public Voices _on ECONOMIC UPDATE with Richard D. Wolff On the first half of this week’s episode, Prof. Wolff discusses the following: graduate student strike at University of Michigan, Johnson & Johnson charged in opioid deaths, the richest Americans gain $845 billion… »»»

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How We Get Beyond Capitalism_on Economic Update

Economic Update

Every Wednesday at 11am Pacific – 2pm Eastern – 19:00 GMT How We Get Beyond Capitalism _on ECONOMIC UPDATE with Richard D. Wolff On this week’s show, Prof. Wolff presents updates on the ‘Social Progress Index” and US capitalism’s decline; how most young Americans, 18-29, now live with their parents; Argentina’s debts are cut in… »»»

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Professional Athletes Lead The Way _on Economic Update

Economic Update

Every Wednesday at 11am Pacific – 2pm Eastern – 19:00 GMT Professional Athletes Lead The Way _on ECONOMIC UPDATE with Richard D. Wolff On this week’s show, Prof. Wolff presents updates on why the FED monetary policy dominates the US; fatal flaws of eviction moratorium; luxury, fashion centers shift to China despite US anti-China policies;… »»»

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US Labor Crisis Deepens _on Economic Update

Economic Update

Every Wednesday at 11am Pacific – 2pm Eastern – 19:00 GMT US Labor Crisis Deepens _on ECONOMIC UPDATE with Richard D. Wolff On this week’s all new Economic Update, Prof. Wolff discusses the Federal Reserve’s pro-inflation policy’s causes and effects, professional athletes and “dual power,” more state-monopoly capitalism in the US, and Denmark vs US… »»»

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The Declining Empire with Chris Hedges _on Economic Update

Economic Update

Every Wednesday at 11am Pacific – 2pm Eastern – 19:00 GMT The Declining Empire with Chris Hedges _on ECONOMIC UPDATE with Richard D. Wolff On this week’s Economic Update, Prof. Wolff discusses the following: Denmark’s new taxes on banks and rich people to help workers doing dangerous jobs; West Virginia AG sues Walmart and CVS… »»»

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Capitalism’s Definition is not Innocent_on Economic Update

Economic Update

Every Wednesday at 11am Pacific – 2pm Eastern – 19:00 GMT Capitalism’s Definition is not Innocent _on ECONOMIC UPDATE with Richard D. Wolff Defenders of capitalism chose a poor definition because that made it much easier to defend capitalism. A much better, clearer definition was and is available. But it exposes capitalism to profound criticisms…. »»»

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The FED’s Rigged Money Management _on Economic Update

Economic Update

Every Wednesday at 11am Pacific – 2pm Eastern – 19:00 GMT The FED’s Rigged Money Management _on ECONOMIC UPDATE with Richard D. Wolff On this week’s show, Prof. Wolff discusses the following: the US is a poor place to raise kids according to a recent Forbes’ magazine article, the collapsing restaurant industry, eviction policy (France… »»»

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Pandemic Capitalism: A View from Asia _on Economic Update

Economic Update

Every Wednesday at 11am Pacific – 2pm Eastern – 19:00 GMT Pandemic Capitalism: A View from Asia _on ECONOMIC UPDATE with Richard D. Wolff On this week’s show, Prof. Wolff discusses corruption of public workers’ pensions, capitalist contracts displaced by legal fights, Canada’s COVID-19 record vs US, retail apocalypse deepens, and Bezos vs 50 homeless… »»»

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Today’s Pandemic as a Crisis of Capitalism_on Economic Update

Economic Update

Every Wednesday at 11am Pacific – 2pm Eastern – 19:00 GMT Today’s Pandemic as a Crisis of Capitalism_on ECONOMIC UPDATE with Richard D. Wolff On this week’s episode, Prof. Wolff presents the following updates: company cutting candybar size but keeping the same price, Barcelona punishes landlords with empty apartments, Macy’s closing stores while giving $millions… »»»

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The “Great Debate” That Wasn’t _on Economic Update

Economic Update

Every Wednesday at 11am Pacific – 2pm Eastern – 19:00 GMT The “Great Debate” That Wasn’t _on ECONOMIC UPDATE with Richard D. Wolff Throughout capitalism’s history, the big topic in economics was how far the government should intervene in the economy. Conservatives wanted minimum intervention while liberals and socialists wanted much more. In fact, government… »»»

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Sports and Capitalism_on Economic Update

Economic Update

Every Wednesday at 11am Pacific – 2pm Eastern – 19:00 GMT Sports and Capitalism_on ECONOMIC UPDATE with Richard D. Wolff On this week’s show, Prof. Wolff presents updates on false “trade-off” between illness and economy, going from normal to extraordinary injustice, hypocritical scapegoating of foreigners instead of facing domestic public health and economic failures, and… »»»

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Europe’s New Internationalist Left_on Economic Update

Economic Update

Every Wednesday at 11am Pacific – 2pm Eastern – 19:00 GMT Europe’s New Internationalist Left _on ECONOMIC UPDATE with Richard D. Wolff On this week’s show, Prof. Wolff presents updates on “zombie” companies and their rapid growth in the US, The Federal Reserve “stress tests” expose risks, and weaknesses of major US banks. On the… »»»

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The Pandemic’s Lesson about Capitalism _on Economic Update

Economic Update

Every Wednesday at 11am Pacific – 2pm Eastern – 19:00 GMT The Pandemic’s Lesson about Capitalism _on ECONOMIC UPDATE with Richard D. Wolff Preparing and coping with the Corona pandemic was inadequate: medical supplies were seriously deficient. That was because it was not profitable for firms to produce or stockpile the supplies. Neo-liberal governments were… »»»

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Working Class Radicalism_on Economic Update

Economic Update

Every Wednesday at 11am Pacific – 2pm Eastern – 19:00 GMT Working Class Radicalism _on ECONOMIC UPDATE with Richard D. Wolff On this week’s show, Prof. Wolff presents updates on why US record on Covid-19 so much worse than most others’; corp buys Trump; US billionaires got much richer during pandemic and 42 million lost… »»»

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Dark Times, Hard Truths_on Economic Update

Economic Update

Every Wednesday at 11am Pacific – 2pm Eastern – 19:00 GMT Dark Times, Hard Truths _on ECONOMIC UPDATE with Richard D. Wolff Updates on mismanaging Covid-19 and US system’s crash; reactions to econ decline; sharing gains of firms profiting from the virus; the mistake of “dominating;” mass joblessness = class war. Interview Jimmy Dore on… »»»

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