4 episodes

Economic Update is a weekly nationally syndicated radio program produced by Democracy at Work and hosted by Richard D. Wolff. The program explores complex economic issues and empowers listeners with information to analyze their own financial situation as well as the economy at large. By focusing on the economic dimensions of everyday life - wages, jobs, taxes, debts, and profits - the program explores alternative ways to organize markets and government policies.

Economic Update with Richard D. Wolff Democracy at Work, Richard D. Wolff

    • Politics
    • 4.8, 825 Ratings

Economic Update is a weekly nationally syndicated radio program produced by Democracy at Work and hosted by Richard D. Wolff. The program explores complex economic issues and empowers listeners with information to analyze their own financial situation as well as the economy at large. By focusing on the economic dimensions of everyday life - wages, jobs, taxes, debts, and profits - the program explores alternative ways to organize markets and government policies.

Customer Reviews

4.8 out of 5
825 Ratings

825 Ratings

TucoGato ,

Focused, witty and important...

Dr. Wolff illustrates the massive blunders of capitalism, with its cheerleaders who are embodiment of corruption and hypocrisy, and how they effectively use policy and fear mongering to divide folks and extract every last penny out of the middle and working classes. His work brings to light the real issues facing America.

If you suspect you are one of the millions of Americans wondering how the hell we got to here, pick up any of Wolff’s books, podcasts, lectures, You Tube videos, etc...(a plethora of outstanding work) and learn how and why we are where we are, and what to do about it.

Dr. Wolff is intellectually honest, wittingly funny and has an unfailing moral compass. Guide the way.

Deere173 ,

The issue of risk

The worker co-op model is very exciting. I hope the upcoming generation of workers embraces it. I don’t believe most older workers would be willing to take on the risks and responsibilities of being owners and decicion makers

microsrfr ,

Why competition works

The forces missing from Dr Wolff’s discussion leave out the critical importance of government laws, regulations and enforcement.

In any viable democracy, the government must protect not only property rights, but also protect the public financial and physical health and ensure competition.

For 25 years, from 1948-1973, this was done and it resulted in a win-win economy with each generation of workers doing better than the last, as well as vigorous corporate growth. During that period, because of competition, corporate profits were limited to 5% of GDP while workers received 50% of GDP. A family with one worker had a reasonable assurance of a job, shelter, food, medical coverage, sending children to state college and a retirement with dignity.

Since then, we have released the monopoly genie and corporate price-gouging has raised their profits to 12% of sales while workers’ share shrunk to 43% of sales. This corresponds to a shortfall of $20,000 per year for a family with two workers, the difference between living in dignity or not for tens of millions of families.

Top Podcasts In Politics

Listeners Also Subscribed To