Economic Update with Richard D. Wolff
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.
Episodes
After clearing away the Cold War debris that blocked discussion of Marxism's insights since 1945, we focus on Marxism's core contribution to (1) thinking about and (2) changing modern capitalist society. That contribution is class structure and class struggle. Marxism explores how class struggle exists in capitalism, how it influences all of social life, and how it changes over time. Marxism also envisions the end of class ...
On this week's episode, Prof. Wolff talks about the structural failure of Biden's American Rescue Plan, Nigerian mass workers' movement, private electricity for the US rich, big vs small business struggles, and why opposition to lockdowns only prolongs Covid. On the second half of the program, Wolff interviews author Rob Urie on criticizing capitalism.
On this week's show, Prof. Wolff discusses the US coal industry decline, Brazil's Covid disaster, economic surge after Covid, and Elizabeth Warren's wealth tax proposal. On the second half of the show, Wolff interviews investigative journalist Bob Hennelly on the gap between Biden regime actions and pronouncements, and the hard realities of economic depression and "food insecurity.
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 intervention mostly aimed at saving, protecting, supporting capitalism. The genuinely "great debate" could and should have been about the strengths and weaknesses of capitalism versus those of ...
Professor Wolff takes a deeper look at the life and work of Karl Marx in celebration of the 200th anniversary of his birth.
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