Economic Update: Capitalism is the Problem

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On this week's episode of Economic Update, Prof. Wolff provides updates on Bloomberg's money, negative interest rates, the oil market, Puerto Rico's cruel sales tax, Fed Reserve governor supports breaking up banks 'too big to fail,' and Apple borrows despite its huge cash hoard. Response to...

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Economic Update: Economic Change, Economic Disorder

On this week's episode of Economic Update, Prof. Wolff provides updates on China achieves economic superpower status, profit produces drug scarcities, Ireland's unjust austerity, millionaire tax in Massachusetts. Major discussions of...

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On the Meaning of Capitalism, We Don't Agree

This article originally appeared at Truthout.org

Within conversations on the left, many of us use the term "capitalism," but we aren't all using it to mean the same thing. Among both its champions and opponents, capitalism acquired too many different meanings over the 200 to 300 years of its global ascendancy. I am sometimes faulted for using the term as if everyone knew and agreed on its meaning, when that is not the case. My critics demand instead...

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Economic Update: Lessons About and From Socialism

On this week's episode of Economic Update, Prof. Wolff provides updates on the economic significance of Sanders' Iowa vote, Keynes on risks of revolution against capitalism, costs of oil market collapse. Interview with...

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Global Capitalism: February 2016 Monthly Update

Demands for Basic Economic Change Keep Growing

Co-sponsored by Democracy at Work, Left Forum, and Judson Memorial Church

These programs begin with 30 minutes of short updates on important economic events of the last month. Then Prof. Wolff analyzes several major economic issues. For this February, these will include...

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