The cost of getting it wrong

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What most of us have long believed about how the economy works is based on a set of fundamental myths, supported by a series of inappropriate and misleading metaphors, from which it is difficult to escape. The emotional investment we have made in these myths has allowed for levels of unemployment, underemployment, inequality and relative poverty which would have seemed incredible a generation ago.

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Economic Update: When US govt destroyed a political party

On this week's show, Prof. Wolff presents updates on Oklahoma cuts funds for public schools, why Americans dont take paid vacations owed them, how coal/oil companies fight solar/wind companies to buy...

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Vision as memory: austerity, tax cuts and militarism continue under Trump administration

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Instead of constantly focusing on the symptom, i.e. Trump and his cabal, we need to ask ourselves as philosopher Henry Giroux does, “What kind of society produces Donald Trump?” or more specifically, ‘What kind of person embraces this kind of budget?’ 

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Hiding the surplus: corporations, the wealthy and taxes

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Large corporations and wealthy individuals pay far less than their fair share of taxes. Until we democratize the economy, the rest of us—who are not members of the boards of directors of large corporations or wealthy individuals—will continue to be forced to shoulder the burden of paying taxes to finance government services.

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Economic Update: Human Nature and Capitalism

On this week's show, Prof. Wolff presents updates on California, Nevada steps toward universal medical insurance, Toronto housing bubble, Air Traffic Controllers and the privatization issue, US, Mexico fight over...

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