March 2, 2014
Updates on Delta Airlines changes, US millionaires in office, irrational student debt, and Rupert Murdoch's wealth. Major discussions of monopoly and competition in media industry, public employee pension economics, and Obama's economic significance. Response to question on actual movements today for worker coops in UK and US. More
February 23, 2014
Updates on Olympics, Chicago university faculty strike, Chevron's contempt, Gallup poll on unemployment, rising consumer debt again, Europeans oppose privatization of water, and US adults marry less to cope with economy. Major discussions: how Soviet socialism actually worked and decline and inadequacy of pensions in US. Response to listeners on deflation in today's world economy.
February 17, 2014
Updates on polls showing most Americans want less inequality, why Tea Party types fixate on government debt, and why French and other far right parties gain support. Major discussion on US business recognizing death of middle class, the contradictions of Germany's position within Europe's economic crisis, and Part 1 of analysis of what USSR was. Response to listeners on why official unemployment targets are 4-6.5 % rather than feasible and better 0-0.5 % More
February 9, 2014
Updates on economic democracy from Jackson, MS to Marseilles, France; credit card scandals; phony labels for chicken; and overcharging inmates for calls. Major discussions of re-municipalization of water and electric utilities; post office banking; and new book on capitalism's inequalities. Response to audience questions on TPP, corp tax breaks and minimum wage. More
February 2, 2014
Updates on North Carolina company sold to its 320 workers, India enables cheap substitutes for overpriced drugs, US union membership in 2013, and the myth of returning manufacturing to the US. Interview with Max Wolff dissecting the US economic "recovery." Response to questions on states' subsidizing movies, JP Morgan-Chase's CEO Dimon's $20 million pay for 2013, and Americans' attitudes on inequality. More
January 26, 2014
Updates on Memphis workers locked out; problems of on-line education; capitalism, wealth inequality, and Starbucks; and Gallup on Americans' dissatisfied with their economy. Major discussions of (1) unemployment and politics and (2) organizing a market in human kidneys and markets in general. Response to question on Europe's economic crisis and its links to Europe's generous state services and safety nets. More
January 19, 2014
Updates on Colorado's new marijuana shops, how context exposes "recovery" claims, cause and cure for US obesity epidemic, and France's 75% tax rate on annual incomes over $1.3 million. Major discussions of history and dimensions of global inequality and movements for guaranteed annual incomes in Switzerland and beyond. Responses to questions on credit unions versus private banks and on the uniqueness of the economic crisis in western Europe. More
January 12, 2014
Updates on economic decline and meanness, car sales in China, McDonalds embarrassed, Cuba exports doctors to Brazil, and a campaign to rescue higher education from "efficiency." Major discussions of conservative inequality denials and of the significance of "productivity" statistics. Response to question on the nature, origin, and meaning of "profit. More
January 5, 2014
Updates on Wisconsin's public employees, the GRAT tax evasion, and the last 50 years of the "War on Poverty." Major discussions of the FED's "taper program," the Boulder, CO vote to produce electricity production itself, and evaluating 20 years of NAFTA. Response to emailed question on AIG bailout and its results. More
December 29, 2013
Updates on dangers in anti-bacterial soap, South African union to start socialist party, Germans retire abroad, billionaires' whims shape health care. Major discussions of Obamacare and alternatives to capitalist bank scandals. Responses to emails on worker coops in US and on "regulated Capitalism." More
About Ecomomic Update
On Economic Update with Professor Richard Wolff, Wolff and guests will discuss the current state of the economy, both locally and globally in relation to the economic crisis.
Wolff focuses on wages, jobs, taxes, and debts – and on interest rates, prices, and profits. We aim to explain why certain economic changes are happening and other changes get postponed or blocked and we will explore alternative ways to organize enterprises, markets, and government policies. Economic Update is a weekly show for people who want to understand and change not only their own financial situation but also the larger economy we all depend on.
Economic Update is in partnership with Truthout.org