Economic Update with Richard D. Wolff is a weekly nationally syndicated 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 not only their own financial situation but the economy at large. Beyond focusing a critical eye on the economic dimensions of everyday life - wages, jobs, taxes, debts, interest rates, prices, and profits - the program also explores systemic solutions to our economy's problems including alternative ways to organize production and distribution of the goods and services we all depend on.
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 half of the show, Wolff interviews Prof. George DeMartino on the harm done by the economics profession and why it denies doing so.
Rising Labor, Faltering System
This week on Economic Update, Prof. Wolff talks about the prospects for a labor-union-worker co-op alliance; megacorp stock buybacks; why and how US/UK sanctions on Russia failed so far; the financial abuse of US retirees; and lastly, union popularity in US at 50-year high.
Record Homelessness Defies US "Solutions"
In this week’s show, Prof. Wolff gives updates on China's changed global economic strategy, California's struggle over higher minimum wages, Boston Mayor siding with Starbucks' strikers, and “regulatory capture" issue again as Philip Morris hires top FDA tobacco scientist. In the second half of the show, Wolff interviews Rob Robinson, formerly homeless community organizer, on today's record homelessness despite decades of programs to "solve" the homelessness crisis.
**Min 2:35 correction: China
What is Communism?
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 War 1. That War changed everything. It split socialists everywhere into a Socialist Party and a Communist Party with key differences but also commonalities. When most European communist parties collapsed, socialism once again became the only major systemic left position. Yet the utopian longings expressed by communism left many on the left dissatisfied with modern socialisms. They searched for a possible solution, a new kind of communism located in workplaces organized as democratic, worker-coop.
Loneliness - Capitalism's Collateral Damage
In this week’s 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 lacking running water. In the second half of the show, Wolff Interviews Dr. Harriet Fraad, mental health counselor, on capitalism's loneliness crisis.
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.
Mr Wolff is attempting to give people crucial information to help Americans understand the current situation we are faced with. I heard his audience is expanding which gives me hope that as we open our eyes to the dire situations-we all helped to create-we can figure out ways to solve our problems together. Knowledge is power. Mr Wolff does not sugar coat anything, I thank him for that! He is giving us a great gift if we can only be wise enough and strong enough to use it. Way to go Mr. Richard Wolff!!
Capitalism hating Marxist
Richard is a classic Marxist full of denial. He fails to see the failures and misery Marxism, communism, and socialism have brought to the human race. The central failure of these theories is their lack of incentive to improve. While Capitalism provides us with an incentive (monetary gains) to improve other’s lives, communism lacks such a powerful market based mechanism. It is amazing to me how people like Richard still see collectivist theories as solutions.
Please listen to this show!
Mainstream media outlets are barely capable of being honest about the structures that make capitalism what it is, let alone criticizing capitalism honestly. This podcast is a great resource for understanding not only the facts about capitalism but also for understanding the motives of institutions who defend capitalist institutions. Please educate yourself!