10:00 AM Pacific Time: Fridays
Economics Professor Richard D. Wolff and guests discuss the current state of the economy, locally and globally. The program explores government policies, alternative ways to organize, and markets.
On this week’s episode of Economic Update: how FED Chair Jerome Powell admits capitalism’s intrinsic instability, a Tennessee plastic plant won’t let workers leave before storm Helene hits, new drugs for obesity (Ozempic and Wegovy) highlight the failures of for-profit medical care. Finally, we interview Jordan Chariton on his new book, We, the Poisoned: Exposing … Continued
On this week’s episode: Professor Richard Wolff discusses the modern political history in the United Kingdom, as Conservatives protect UK corporations and the rich by employing “Distractions”: First Brexit and now Ukraine. Next, he turns to the latest worker uprising, this time in Washington state, as workers at Boeing strike demanding better wages and benefits … Continued
On this week’s episode, Professor Richard Wolff addresses the numerous requests for financial planning or investment advice that he receives from many of you, touching on the truth about investing in the stock and/or bond markets. In addition, he offers a basic understanding of the economics of U.S. capitalism’s century-long, profit-driven failure to adequately provide … Continued
This week, Professor Richard Wolff offers a special episode to continue the previous discussion on communism. He discusses how socialism’s history evolved into separating socialism from communism and creating multiple, different meanings of what is considered communism today.
This week, Professor Richard Wolff offers a special episode discussing the unscary origins of the ideas of communism and socialism before the Cold War demonized them. He discusses how socialism’s history evolved by separating from communism and creating multiple, different meanings of what is considered communism today.
On this week’s episode: Professor Richard Wolff draws attention to the 10,000 hotel workers who recently conducted a strike impacting major hotels across 19 U.S. cities. We highlight the contested merger of the two largest grocery chains in America, as Albertsons and Kroger threaten to become the third largest retail giant after Amazon, and Walmart … Continued
On this week’s special Labor day episode: Professor Richard Wolff honors both Labor Day and President Abraham Lincoln. President Lincoln once said, in 1861, that “Labor is the superior of capital.” Yet, capital in the United States has only two major political parties, the Republicans and the Democrats, both of whom are currently advocating for … Continued
On this week’s Economic Update, Professor Richard Wolff Kate Pickett and Richard Wilkinson’s best-selling study in the book The Spirit Level (2009), showing how economic inequality correlates with most of the major social problems of our time. We will juxtapose their latest paper “The Spirit Level at 15: The Enduring Impact of Inequality,” which details … Continued
Today’s show is preempted by the second hour of a special 2-hour Democracy Now, broadcasting from the Democratic National Convention in Chicago. Audio for the first hour of Democracy Now can be found here. Information about the topics covered on today’s Democracy Now plus the audio for the entire second hour can be found here. … Continued
On today’s show: Dr. Wolff questions the effectiveness as well as the economics of U.S. sanctions (economic warfare); also, the American Federation of Teachers (AFT) endorses the United Auto Workers (UAW) plan of setting all union contracts to expire on May 1, 2028, essentially laying the groundwork for a “General Strike.” Then, Dr. Wolff highlights … Continued
