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.
Socialism and Puerto Rico
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 vs Proud Boys now. On the second half of the show, Wolff interviews socialist Senator Rafael Bernabe from Puerto Rico.
The System Implodes: Amazon, Evictions, Tax Abuses, and Minimum Wages
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 minimum wage; and the subsidizing of billionaire's big sport businesses.
Why Capitalism Reproduces Inequality and a Solution
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: a tiny minority, employers, with dominant, unaccountable power enriches itself at the expense of all others, the employee majority. To overcome capitalism's inequality requires democratizing its enterprises' organizations.
Economic Update: The Contributions of Karl Marx
Professor Wolff takes a deeper look at the life and work of Karl Marx in celebration of the 200th anniversary of his birth.
Customer ReviewsSee All
He’s fought the fight for worker rights his whole life and he’ll never retire. You must take Wolff in doses but well worth it.
Economic update is a tremendously inspiring and edifying program
Professor Wolf is a skilled communicator and interviews helpful and courageous thought leaders and change makers. Hi attended Harvard university 40 years ago and have spent my entire career in the environmental change and green product business. He is the most effective professor I have had!
You can excise the following from my review but I thought this would be an effective way to quickly communicate with Professor Wolf f why don’t you do a program on today’s GM all electric announcement by 2035 that shows how many premature deaths will occur due to the auto industry’s or should I say auto industry’s management and shareholders share of air pollution while they “heroically” shift over the next two decades (to make sure I guess that they don’t reduce their huge -Barra made $21.6 million in 2019- earnings) instead of the next few months or years. We completely ceased private car production in 1942 for four years to defeat fascism during Ww2. A similar shift to electric cars and more importantly to compact development models and bike-ped-transit transportation, Which would reduce the similarly huge public health/economic emergency of auto-related deaths and injuries and associated lost productivity And family trauma.
Also, you could draw a comparison with those consumers who believe they should have a choice to purchase a public health endangering internal combustion car with those who believe it is within their rights to endanger us all by not wearing a mask or Practicing social distancing or not taking the vaccine.
You could also put in the estimated health and national security costs associated with the added floods and fires and mass migrations etc. that will occur as we gradually transition and completely blow the ~seven year window we have to have any hope of staying under 1.5 or even 2° warming.
You could add to that the cost and tragedy of all the agricultural disruption and huge bio-diversity loss caused by this “earnings preserving” gradual transition.
David Adamson, Boulder Colorado, 303-545-6255 david@ goosecreekclt.org
Critiques of Capitalism
Breaks down the pros of socialism and the cons of capitalism in easily digestible podcasts. Great guests who are actively involved in movements to support the working class.