Economic Update

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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Socialism vs Covid-19: A Very Different Story_on Economic Update

Economic Update

Every Wednesday at 11am Pacific – 2pm Eastern – 19:00 GMT Socialism vs Covid-19: A Very Different Story _on ECONOMIC UPDATE with Richard D. Wolff US has 5% of world’s population but 30% of world’s Covid-19 deaths. US capitalism did poorly against the virus. Today’s program explores how socialism could and would prepare for and… »»»

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Cornel West on Pandemic Capitalism_on Economic Update

Economic Update

Every Wednesday at 11am Pacific – 2pm Eastern – 19:00 GMT Cornel West on Pandemic Capitalism _on ECONOMIC UPDATE with Richard D. Wolff Updates on how pandemic and capitalism are combining to worsen social divides in the US. Interview with Cornel West on (1) how pandemic + economic crash are affecting US society and (2)… »»»

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2020 May Day Protests and Demands _on Economic Update

Economic Update

Every Wednesday at 11am Pacific – 2pm Eastern – 19:00 GMT 2020 May Day Protests and Demands _on ECONOMIC UPDATE with Richard D. Wolff A special program: interview with Kali Akuno, leader of Cooperation Jackson in Mississippi. As a leader of national May Day actions, he discusses their size, diversity, motivations and goals (including planned… »»»

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Unemployment: Cruel, Wasteful, Unnecessary_on Economic Update

Economic Update

Every Wednesday at 11am Pacific – 2pm Eastern – 19:00 GMT Unemployment: Cruel, Wasteful, Unnecessary _on ECONOMIC UPDATE with Richard D. Wolff On this week’s show, Prof. Wolff criticizes unemployment – as a specifically capitalist irrationality – and advocates “re-employment” as a far better policy. Gov’t jobs and worker-coop development are key means for re-employment…. »»»

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Honoring May Day, 1886 and 2020_on Economic Update

Economic Update

Every Wednesday at 11am Pacific – 2pm Eastern – 19:00 GMT Honoring May Day, 1886 and 2020 _on ECONOMIC UPDATE with Richard D. Wolff From May Day 1886 to 2020, workers wage long, hard struggles to reform capitalismFrom the fight for an 8-hour workday to the fight for a safe, Corona-free workplace now. Employers block… »»»

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Capitalism’s Unemployment Problem_on Economic Update

Economic Update

Every Wednesday at 11am Pacific – 2pm Eastern – 19:00 GMT Capitalism’s Unemployment Problem _on ECONOMIC UPDATE with Richard D. Wolff Capitalism’s recurring unemployment problem was never solved and makes the system fundamentally unstable. Today’s high levels of unemployment are hugely costly in both human and financial terms. We analyze why capitalism prepares so poorly… »»»

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Virus Triggers Capitalist Crash_on Economic Update

Economic Update

Every Wednesday at 11am Pacific – 2pm Eastern – 19:00 GMT Virus Triggers Capitalist Crash _on ECONOMIC UPDATE with Richard D. Wolff Analysis (part 1): how, why capitalism – especially in US – failed to prepare for or cope with a virus thereby enabling it to trigger another crash of capitalism (third this century: dot.com… »»»

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The Psychological Aspects of Today’s Crises_on Economic Update

Economic Update

Every Wednesday at 11am Pacific – 2pm Eastern – 19:00 GMT The Psychological Aspects of Today’s Crises _on ECONOMIC UPDATE with Richard D. Wolff Social divisions undermine the solidarity needed to fight both virus and economic crash: an analysis. A sense of out-of-touch, non-caring, inconsistent leaders provokes millions to feel society is literally falling apart…. »»»

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Corona and Our Mental Health_on Economic Update

Economic Update

Every Wednesday at 11am Pacific – 2pm Eastern – 19:00 GMT Corona and Our Mental Health _on ECONOMIC UPDATE with Richard D. Wolff The Corona virus’s threat to physical health is clear. Far less well known are the virus’s serious impacts on mental health (loneliness, depression, feelings of isolation, anxiety) worsened by the total failure… »»»

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#MeToo and Corona: System is Key_on Economic Update

Economic Update

Every Wednesday at 11am Pacific – 2pm Eastern – 19:00 GMT #MeToo and Corona: System is Key _on ECONOMIC UPDATE with Richard D. Wolff This program focuses on how the capitalist economic system plays crucial roles in the #MeToo examples of Weinstein and Cosby and also in the failed response to the Corona virus crisis…. »»»

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Comedy and Tragedy of Capitalism_on Economic Update

Economic Update

Every Wednesday at 11am Pacific – 2pm Eastern – 19:00 GMT Comedy and Tragedy of Capitalism _on ECONOMIC UPDATE with Richard D. Wolff Updates on capitalism’s failures exposed by the Coronavirus; Sanders and the re-entry of socialism into US politics; US social mobility goes down; and Macron evades democracy to try to force pension cuts… »»»

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Capitalism, Jobs, Depressed People _on Economic Update

Economic Update

Every Wednesday at 11am Pacific – 2pm Eastern – 19:00 GMT Capitalism, Jobs, Depressed People _on ECONOMIC UPDATE with Richard D. Wolff On this week’s episode of EU, Prof. Wolff presents updates on Vancouver, BC, taxing its richest; JP Morgan Chase recognizes climate change threat and market’s failure to cope; ways money shapes US politics… »»»

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Using Unemployment Against Workers_on Economic Update

Economic Update

Every Wednesday at 11am Pacific – 2pm Eastern – 19:00 GMT Using Unemployment Against Workers _on ECONOMIC UPDATE with Richard D. Wolff Updates on high US maternal death rate, wealth inequality and the Pope, #MeToo hits the banks, Macron and Black Rock plot French pension “reform,” dying Newsweek caught in corruption scandal using bible college…. »»»

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When Stale Debates Distract_on Economic Update

Economic Update

Every Wednesday at 11am Pacific – 2pm Eastern – 19:00 GMT When Stale Debates Distract _on ECONOMIC UPDATE with Richard D. Wolff Updates on how air-bnb reflects workers’ falling living standards, price-gouging anti-virus masks, purpose of Trump’s record deficit, end of Brexit distraction makes UK face its real problem: capitalism, and cause of San Diego’s… »»»

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Larger Social Changes to Support Worker Coops_on Economic Update

Economic Update

Every Wednesday at 11am Pacific – 2pm Eastern – 19:00 GMT Larger Social Changes to Support Worker Coops _on ECONOMIC UPDATE with Richard D. Wolff This program responds to a criticism that D@W focuses too much on the transition from capitalist firms to worker-coop firms with too little attention paid to the larger social changes… »»»

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Capitalism’s Uneven Development_on Economic Update

Economic Update

Every Wednesday at 11am Pacific – 2pm Eastern – 19:00 GMT Capitalism’s Uneven Development _on ECONOMIC UPDATE with Richard D. Wolff Introduction to capitalism’s systematically uneven economic development. From Marx’s original criticism of capitalism for producing and reproducing unevenness to the many historical examples, today’s program argues that there are heavy social costs that flow… »»»

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Exposing Economic Myths_on Economic Update

Economic Update

Every Wednesday at 11am Pacific – 2pm Eastern – 19:00 GMT Exposing Economic Myths _on ECONOMIC UPDATE with Richard D. Wolff Discussions of (1) “unemployment rate” as inadequate measure of economy’s well-being; (2) decline of real value of US minimum wage; (3) multiple failures and flaws of markets, (4) corporations as less economically efficient than… »»»

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Military Spending and Debt–Bob Hennelly_on Economic Update

Economic Update

Every Wednesday at 11am Pacific – 2pm Eastern – 19:00 GMT Military Spending and Debt _on ECONOMIC UPDATE with Richard D. Wolff Updates on France’s successful mass uprisings (Yellow Vests in 2019; mass union strikes in 2020) that forced gov’t to back down on changes that workers opposed; how endless wars impose huge debts; and… »»»

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the “overcoming poverty” defense of capitalism’s inequality and instability_on Economic Update

Economic Update

Every Wednesday at 11am Pacific – 2pm Eastern – 19:00 GMT the “overcoming poverty” defense of capitalism’s inequality and instability _on ECONOMIC UPDATE with Richard D. Wolff Updates on sale of coop craft brewery, US medical costs highest in world, and the “overcoming poverty” defense of capitalism’s inequality and instability. Interview Laura Flanders on independent… »»»

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Answering our Critics_on Economic Update

Economic Update

Every Wednesday at 11am Pacific – 2pm Eastern – 19:00 GMT Answering our Critics _on ECONOMIC UPDATE with Richard D. Wolff Three major criticisms of Economic Update are considered: (1) that we don’t praise capitalism for reducing world poverty, (2) that we don’t admit that “socialism has never worked anywhere,” and (3) that no inventor… »»»

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US Capitalism and the Family: Myth vs Reality_on Economic Update

Economic Update

Every Wednesday at 11am Pacific – 2pm Eastern – 19:00 GMT US Capitalism and the Family: Myth vs Reality _on ECONOMIC UPDATE with Richard D. Wolff Updates on Job Quality Index and its US decline, the French activism against President Macron’s effort to cut pensions, Gartman Letter urges investors to sell stocks in face of… »»»

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BEYOND UNIVERSAL BASIC INCOME_on Economic Update

Economic Update

Every Wednesday at 11am Pacific – 2pm Eastern – 19:00 GMT BEYOND UNIVERSAL BASIC INCOME _on ECONOMIC UPDATE with Richard D. Wolff In-depth analysis of UBI shows its advantages over most welfare, safety net systems. An even better alternative would avoid capitalism’s unnecessary production of unemployment because it utilizes technical progress (rising productivity) for profits…. »»»

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Libertarianism, Capitalism and Socialism_on Economic Update

Economic Update

Every Wednesday at 11am Pacific – 2pm Eastern – 19:00 GMT Libertarianism, Capitalism and Socialism _on ECONOMIC UPDATE with Richard D. Wolff Libertarians defend capitalism by saying its many current flaws/faults flow from the state’s economic interventions, not from the system itself. Libertarians oppose socialism as even more state-dominated. We criticize libertarians based on capitalism’s… »»»

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Competition and Monopoly in Capitalism_on Economic Update

Economic Update

Every Wednesday at 11am Pacific – 2pm Eastern – 19:00 GMT Competition and Monopoly in Capitalism _on ECONOMIC UPDATE with Richard D. Wolff This weeks special topic discusses capitalism’s growing problems, such as inequalities, instabilities, and unsustainability. That leads some defenders to argue that the causes of these problems are monopolies displacing competition in many… »»»

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Fascism: An Analysis for Today_on Economic Update

Economic Update

Every Wednesday at 11am Pacific – 2pm Eastern – 19:00 GMT Fascism: An Analysis for Today _on ECONOMIC UPDATE with Richard D. Wolff An in-depth analysis of fascism as massive government intervention to protect and save a crashing capitalism. We focus on today’s examples, historical parallels (in Germany and Italy), and how “strong men” leaders… »»»

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Political Strategy for Transition_on Economic Update

Economic Update

Every Wednesday at 11am Pacific – 2pm Eastern – 19:00 GMT Political Strategy for Transition _on ECONOMIC UPDATE with Richard D. Wolff Today’s program discusses a political strategy for transition beyond capitalism to an economy based on democratic worker-cooperatives. The first half explores the history of how transition was achieved from feudalism to capitalism. The… »»»

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U.S.’ Profit-driven Medicine _on Economic Update

Economic Update

Every Wednesday at 11am Pacific – 2pm Eastern – 19:00 GMT U.S.’ Profit-driven Medicine _on ECONOMIC UPDATE with Richard D. Wolff Updates on Berlin, Germany’s law freezing all rents for 5 years, overindebted corporations threaten world economy, prisoners’ slave labor in Los Angeles, French inequality and yellow vests, Bernie’s push to put workers on corporate… »»»

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The Human Agenda _on Economic Update

Economic Update

Every Wednesday at 11am Pacific – 2pm Eastern – 19:00 GMT The Human Agenda _on ECONOMIC UPDATE with Richard D. Wolff Updates on costs of NBA offense to China, worsening global inequality, poverty mocks Nobel prize for 3 economists working on “incremental solutions” to poverty, why Google donated to global warming deniers, and latest crisis… »»»

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The Capitalist Corporation_on Economic Update

Economic Update

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

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Making Critical Arguments_on Economic Update

Economic Update

Every Wednesday at 11am Pacific – 2pm Eastern – 19:00 GMT Making Critical Arguments _on ECONOMIC UPDATE with Richard D. Wolff Updates on US housing crisis as systemic failure (the homeless LA opera singer), Greta Thunberg’s critics exposed, Europeans gain from US-China trade war, Sackler family “donations” to museums, universities, capitalists take over Sports Illustrated…. »»»

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Worker Co-ops, Socialism’s Future_on Economic Update

Economic Update

Every Wednesday at 11am Pacific – 2pm Eastern – 19:00 GMT Worker Co-ops, Socialism’s Future _on ECONOMIC UPDATE with Richard D. Wolff First half focuses on how, why socialism has changed from what it meant in the 19th and 20th centuries (public enterprises + state planning vs capitalism’s private enterprises + markets). Second half explores… »»»

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A Growing US Left_on Economic Update

Economic Update

Every Wednesday at 11am Pacific – 2pm Eastern – 19:00 GMT A Growing US Left _on ECONOMIC UPDATE with Richard D. Wolff “Updates on California events (LA Times labor union, 80,000 Kaiser workers to strike, new state public banking law), gross inefficiency of private car industry, anti-left politics in US labor history, wide global use… »»»

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Capitalism and Mental Health_on Economic Update

Economic Update

Every Wednesday at 11am Pacific – 2pm Eastern – 19:00 GMT Capitalism and Mental Health _on ECONOMIC UPDATE with Richard D. Wolff Updates on ICE raid in Mississippi, global comparisons of gun violence, conservatives on Dem’s wealth tax ideas. Interview With Dr Harriet Fraad on how capitalism affects mental health in US. Each show wraps… »»»

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US Economy and the Market_on Economic Update

Economic Update

Every Wednesday at 11am Pacific – 2pm Eastern – 19:00 GMT US Economy and the Market _on ECONOMIC UPDATE with Richard D. Wolff Analysis of the state of the US economy at summer’s end, 2019: a decidedly mixed picture. Critique of the institution of the market that focuses on its structure, social effects, and particular… »»»

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Capitalism in Denial_on Economic Update

Economic Update

Every Wednesday at 11am Pacific – 2pm Eastern – 19:00 GMT Capitalism in Denial _on ECONOMIC UPDATE with Richard D. Wolff Updates on parallel declines of UK and US capitalisms; denials of their systemic problems worsens them. Longer segments on (1) political economy of immigration, and (2) why the basic problem of Central and South… »»»

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Socialism: From Past to Future_on Economic Update

Economic Update

Every Wednesday at 11am Pacific – 2pm Eastern – 19:00 GMT Socialism: From Past to Future _on ECONOMIC UPDATE with Richard D. Wolff On this episode of Economic Update, Prof. Wolff begins with socialism’s history especially in the US: from being widely discussed up to 1945, then repressed in the Cold War, and now vigorously… »»»

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Working Class History and the 2020 Election_on Economic Update

Economic Update

Every Wednesday at 11am Pacific – 2pm Eastern – 19:00 GMT Working Class History and the 2020 Election _on ECONOMIC UPDATE 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… »»»

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Reparations and Forgiving Student Debts _on Economic Update

Economic Update

Every Wednesday at 11am Pacific – 2pm Eastern – 19:00 GMT Reparations and Forgiving Student Debts _on ECONOMIC UPDATE with Richard D. Wolff Updates on economics of 2 million home health aides, extreme Uber inequalities, Alaska universities 41% budget cuts, Michigan governor during Flint Water Crisis says his critics are “uncivil,” a British district’s labor… »»»

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Win-win for Womens’ Soccer _on Economic Update

Economic Update

Every Wednesday at 11am Pacific – 2pm Eastern – 19:00 GMT A Socialist Politician Wins _on ECONOMIC UPDATE with Richard D. Wolff Updates on Trump as distraction vehicle, Macron’s corruption, coffee price collapse drives immigrants to US, why rightists oppose free tuition and student loans, and why Trump/GOP do not stop jobs exodus from US…. »»»

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A Socialist Politician Wins _on Economic Update

Economic Update

Every Wednesday at 11am Pacific – 2pm Eastern – 19:00 GMT A Socialist Politician Wins _on ECONOMIC UPDATE with Richard D. Wolff Depriving non-white students, fast food made worse for profit, Wayfair workers demand power, more scapegoating of immigrants, firms’ promises of gain to workers from Trump 2017 tax cut proved false. Interview Lee Carter,… »»»

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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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Worker Coops Rising _on Economic Update

Economic Update

Every Wednesday at 11am Pacific – 2pm Eastern – 19:00 GMT Worker Coops Rising _on ECONOMIC UPDATE with Richard D. Wolff Updates on “regulatory capture” in the US vs EU, IMF report on the US economy today finds major negatives, and how Trump’s desperation for re-election shapes his aggressive policies toward the Federal Reserve, China… »»»

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Is US Captialism in Decline _on Economic Update

Economic Update

Every Wednesday at 11am Pacific – 2pm Eastern – 19:00 GMT Is US Captialism in Decline _on ECONOMIC UPDATE with Richard D. Wolff Updates on inequalities in pay for CEOs vs average workers; economics of mega-mergers; billionaires’ idea of “charity;” economic consequences of attacking Huawei Corp; Bernie leads on two new bills in Congress to… »»»

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China’s Economic Record and Strategy_on Economic Update

Economic Update

Every Wednesday at 11am Pacific – 2pm Eastern – 19:00 GMT China’s Economic Record and Strategy _on ECONOMIC UPDATE with Richard D. Wolff As follow-up to earlier parallel program on the USSR, this program seeks to offer (1) an overview of China’s economic development mostly over the last 25 years (GDP, real wages, etc.), and… »»»

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Rise and Fall of the USSR _on Economic Update

Economic Update

Every Wednesday at 11am Pacific – 2pm Eastern – 19:00 GMT Rise and Fall of the USSR _on ECONOMIC UPDATE with Richard D. Wolff Here we try to go beyond simplistic, sterile Cold War debates of demonizers vs celebrants of the USSR. USSR’s strengths and weaknesses, successes and failures are examined from revolutionary beginnings in… »»»

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A New Labor Movement Rising _on Economic Update

Economic Update

Every Wednesday at 11am Pacific – 2pm Eastern – 19:00 GMT A New Labor Movement Rising _on ECONOMIC UPDATE with Richard D. Wolff Updates on US church membership and its tax subsidies, Toyota and Merkel slam US economic nationalism, 40 US states sue price-gouging pharma firms, Trump (“self-described “tariff man”) does not understand that Americans… »»»

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The 3 Basic kinds of Socialism _on Economic Update

Economic Update

Every Wednesday at 11am Pacific – 2pm Eastern – 19:00 GMT The 3 Basic kinds of Socialism _on ECONOMIC UPDATE with Richard D. Wolff As ever more people become anti-capitalist and look toward socialist alternatives, it is important to grasp key differences among the alternative kinds of socialism. This program explains those differences among (1)… »»»

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Understanding Marxism_on Economic Update

Economic Update

Every Wednesday at 11am Pacific – 2pm Eastern – 19:00 GMT Understanding Marxism _on ECONOMIC UPDATE with Richard D. Wolff This special edition of “Economic Update” is devoted to Understanding Marxism, the title of a short new book just published by Democracyatwork. Today’s program, like the book, explains Marxism’s systemic insights into capitalism now. We… »»»

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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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Living in a Socialist Economy _on Economic Update

Economic Update

Every Wednesday at 11am Pacific – 2pm Eastern – 19:00 GMT Living in a Socialist Economy _on ECONOMIC UPDATE with Richard D. Wolff Updates on the US “bribing for college admission” scandal, how lobbyists reflect and worsen inequality, So. and No. Carolina teachers strike for better education, how NDAs (non-disclosure agreements) reflect and worsen workplace… »»»

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Social Movement for Economic Democracy_on Economic Update

Economic Update

Every Wednesday at 11am Pacific – 2pm Eastern – 19:00 GMT Social Movement for Economic Democracy _on ECONOMIC UPDATE with Richard D. Wolff Updates on 60 megacorps who paid no 2018 Federal taxes, GM’s CEO gets $29.1 million while GM fires thousands, wrecks communities, etc., Notre Dame tragedy exposes French inequality as billionaires suddenly find… »»»

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Lawyers vs the System _on Economic Update

Economic Update

Every Wednesday at 11am Pacific – 2pm Eastern – 19:00 GMT Lawyers vs the System _on ECONOMIC UPDATE with Richard D. Wolff Updates on US college students as share-croppers for investors, on conservatives’ fake opposition to gov’t intervention in the economy, on deepening inadequacy of retirement savings of US baby boomers, and on how fading… »»»

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The #MeToo Movement _on Economic Update

Economic Update

Every Wednesday at 11am Pacific – 2pm Eastern – 19:00 GMT The #MeToo Movement _on ECONOMIC UPDATE with Richard D. Wolff Updates on Chicago in change, decline of world trade, New York’s “congestion pricing, IMF on Trump trade war and hi-tech monopolies, 7 states sue Ag Dept over school lunch deregulations, Trump cautions audience “Don’t… »»»

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Venezuela _on Economic Update

Economic Update

Every Wednesday at 11am Pacific – 2pm Eastern – 19:00 GMT Venezuela _on ECONOMIC UPDATE with Richard D. Wolff On this week’s show, Prof. Wolff presents updates on Brexit and Mueller Report, Chicago is new site of labor upsurge, how income shapes education and thus “merit,” why objections to Green New Deal and Medicare for… »»»

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Employer vs Employee: Capitalism’s Endless Conflict _on Economic Update

Economic Update

Every Wednesday at 11am Pacific – 2pm Eastern – 19:00 GMT Employer vs Employee: Capitalism’s Endless Conflict _on ECONOMIC UPDATE with Richard D. Wolff Updates on LA strippers strike, Trump fails to end US trade deficit, UN reports on protests against capitalist inequality and gov’t repression of those protests, GM closes Lordstown, Ohio factory with… »»»

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Beyond Universal Basic Income_on Economic Update

Economic Update

Every Wednesday at 11am Pacific – 2pm Eastern – 19:00 GMT Beyond Universal Basic Income _on ECONOMIC UPDATE with Richard D. Wolff n-depth analysis of UBI shows its advantages over most welfare, safety net systems. An even better alternative would avoid capitalism’s unnecessary production of unemployment because it utilizes technical progress (rising productivity) for profits…. »»»

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Political Activism’s Revival _on Economic Update

Economic Update

Every Wednesday at 11am Pacific – 2pm Eastern – 19:00 GMT Political Activism’s Revival _on ECONOMIC UPDATE with Richard D. Wolff Updates on International Women’s Day, UC to make all research free, Cuomo begs and bribes Amazon again, US denounces UK protectionism, Spain = #1 healthiest country vs US at #35, how Trump/GOP raised taxes… »»»

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Renewing Labor’s Movement _on Economic Update

Economic Update

Every Wednesday at 11am Pacific – 2pm Eastern – 19:00 GMT Renewing Labor’s Movement _on ECONOMIC UPDATE with Richard D. Wolff Updates on striking Oakland school teachers, dangers of declining pensions, bank fined for helping clients evade taxes, in tariff war over black olives US vs EU, stagnant real wages in US explain rising inequality…. »»»

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Fighting the System _on Economic Update

Economic Update

Every Wednesday at 11am Pacific – 2pm Eastern – 19:00 GMT Fighting the System _on ECONOMIC UPDATE with Richard D. Wolff Updates on the economics of immigration, France’s yellow vests join union-called general strike, demonstrations against Sackler family’s profiting from oxycontin, and New York City Council considers giving priority to fast-food workers (majority) over employers… »»»

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Economics of Conflicted Mothers_on Economic Update

Economic Update

Every Wednesday at 11am Pacific – 2pm Eastern – 19:00 GMT Economics of Conflicted Mothers _on ECONOMIC UPDATE with Richard D. Wolff Updates on the government shutdown’s very important lessons, US teachers oppose a declining capitalism imposing its costs on the people, and firing the big banksters leaves our big bank problems unsolved. Interview with… »»»

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Police and Policing in the US _on Economic Update

Economic Update

Every Wednesday at 11am Pacific – 2pm Eastern – 19:00 GMT Police and Policing in the US _on ECONOMIC UPDATE with Richard D. Wolff Prof. Wolff presents updates on (1) the US public education crisis (teacher strikes, declining quality, insufficient resources) and how it undermines the US’s economic future, (2) the absurdity of the government… »»»

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Socialism: From Past to Future_on Economic Update

Economic Update

Every Wednesday at 11am Pacific – 2pm Eastern – 19:00 GMT Socialism: From Past to Future _on ECONOMIC UPDATE with Richard D. Wolff On this episode of Economic Update, Prof. Wolff begins with socialism’s history especially in the US: from being widely discussed up to 1945, then repressed in the Cold War, and now vigorously… »»»

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Yellow Vests and Tax Reform _on Economic Update

Economic Update

Every Wednesday at 11am Pacific – 2pm Eastern – 19:00 GMT Yellow Vests and Tax Reform _on ECONOMIC UPDATE with Richard D. Wolff Updates on “yellow vests” spread to UK, book Dying for a Paycheck, the bail-in scam, paying for airplane seat assignments, and postal banking. Major discussions of tax reforms needed and deserved and… »»»

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Politicians Faking It _on Economic Update

Economic Update

Every Wednesday at 11am Pacific – 2pm Eastern – 19:00 GMT Politicians Faking It _on ECONOMIC UPDATE with Richard D. Wolff Updates on Luxembourg making all public transport free, Europe evading US sanctions on Iran, Saudi Arabia sleaze deals with Trump, Deutsche Bank corruption massive, Pompeo’s anti-China strategy contradicts Trump “nationalism.” Interview with journalist Bob… »»»

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Ecosocialism_on Economic Update

Economic Update

Every Wednesday at 11am Pacific – 2pm Eastern – 19:00 GMT Ecosocialism _on ECONOMIC UPDATE with Richard D. Wolff Updates on New York City council votes minimum wage for ride-hailing drivers (Uber, Lyft, etc.), Trump store is 85% goods made abroad, charter school teachers strike in Chicago, contradictions in US-China trade war, VW ends gas… »»»

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Capitalism: Slow-motion Implosion? _on Economic Update

Economic Update

Every Wednesday at 11am Pacific – 2pm Eastern – 19:00 GMT Capitalism: Slow-motion Implosion? _on ECONOMIC UPDATE with Richard D. Wolff Canada cuts corp tax cuts in race to bottom, Macron pleases business but outrages French people, Italy’s new gov’t budget provides for its people, Hillary Clinton joins right in scapegoating immigrants, and how “quantitative… »»»

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Capitalism – Changed by its Contradictions_on Economic Update

Economic Update

Every Wednesday at 11am Pacific – 2pm Eastern – 19:00 GMT Capitalism – Changed by its Contradictions _on ECONOMIC UPDATE with Richard D. Wolff Updates on poverty in California, childhood obesity in US, economic fallout from (real meaning of) Trump steel tariff. Prof Wolff responds to questions by explaining how US politics has sustained US… »»»

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What Elections Hide _on Economic Update

Economic Update

Every Wednesday at 11am Pacific – 2pm Eastern – 19:00 GMT What Elections Hide _on ECONOMIC UPDATE with Richard D. Wolff Updates on LA vote on public bank; contradictions of Trump’s “nationalism;” big business criticism of tariffs; corporations like 7-Eleven use immigration crisis for profits. Major discussion: the urgent social issues that elections ignore or… »»»

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Cooperation Jackson: a closer look_on Economic Update

Economic Update

Every Wednesday at 11am Pacific – 2pm Eastern – 19:00 GMT Cooperation Jackson: a closer look _on ECONOMIC UPDATE with Richard D. Wolff This weeks updates include: massive international study of profit-driven food production, the huge costs of contemporary loneliness, police raid Deutsche Bank, Falling house prices, Belgium follows France in mass street demonstrations, and… »»»

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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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Seattle Firm Converts into a Worker Co-op_on Economic Update

Economic Update

Every Wednesday at 11am Pacific – 2pm Eastern – 19:00 GMT Seattle Firm Converts into a Worker Co-op _on ECONOMIC UPDATE with Richard D. Wolff Updates on Amazon subsidized by New York, Virginia; French people act to limit corporate greed, Sears favors bosses in bankruptcy too, Pfizer ups drug prices despite Trump, California fires expose… »»»

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Why Capitalism Demonizes Government _on Economic Update

Economic Update

Every Wednesday at 11am Pacific – 2pm Eastern – 19:00 GMT Why Capitalism Demonizes Government _on ECONOMIC UPDATE with Richard D. Wolff Updates on UK war on “Unexplained Wealth,” why capitalism needs yet attacks government, historical reality of low wages in US, cozy deals between big corporations and credit rating agencies again. Major discussions of… »»»

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US Midterm Elections _on Economic Update

Economic Update

Every Wednesday at 11am Pacific – 2pm Eastern – 19:00 GMT US Midterm Elections _on ECONOMIC UPDATE with Richard D. Wolff Updates on how China hits back economically; capitalism surviving in Italy through explosive debt creation; why lotteries have heavy economic costs; and how Grinnell College undergraduate workers successfully organized. Interview with Prof. David Harvey… »»»

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FOLLOW THE MONEY_on Economic Update

Economic Update

Every Wednesday at 11am Pacific – 2pm Eastern – 19:00 GMT FOLLOW THE MONEY _on ECONOMIC UPDATE with Richard D. Wolff Updates on profits-vs-science and weedkiller roundup, most Americans not better off than in 2016, WHO reports bans on corporal punishment of kids and how doing so saves money too, Janet Yellen warns huge corporate… »»»

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