Economic Update: Rising Costs of Capitalism's Failures

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This week, Prof. Richard Wolff presents updates on courts blocking Trumps attack on sanctuary cities, selling Whole Foods, Jack Ma and blaming technology for jobs collapse, falling department store jobs since 2000, British queen's enterprise award to...

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Economic Update: Enabling Worker Coops

On this week's episode of Economic Update, Prof. Richard Wolff presents updates on capitalism and Earth Day, Chinese movie industry overtakes Hollywood, small businesses use cooperatives to...
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How they get rich: The top and the very top

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The growth of inequality over decades is due to the ability of those at the top and those at the very top to capture a large portion of the growing surplus. But there has also been a change in the nature of that inequality in recent years, at least for those at the top—which is not due to escalating wage inequality, but to a boom in income from the ownership of stocks and bonds. They’ve now joined the ranks of the “coupon clippers,” who are able to use their accumulated wealth to get their share of the surplus.

The owners of capital at the very top are mirroring the structure of inequality last seen during the first Gilded Age.

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Economic Update: US Labor Unions: Past, Present, Future

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This week: Updates on United Airlines' flier abuse, Cuomo's flawed "free college" plan, what to do as self-drive vehicles end millions of jobs, and big investors plan to cash in on Trump infrastructure plans...

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What is Public Debt? How is money printed? And how do Governments pay for Wars?

Professor Richard Wolff talks with acTVism Munich about public debt, the process of printing money, the role that corporate banks play...

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