Rick-Wolff-74x74
“Economic Realities”

Updates on big bank fines, Tracy Morgan sues Walmart, highway trust and taxes, extreme wealth inequality in the Hamptons. Major discussions of workers self-directed enterprises and Oxfam's data on extreme global wealth inequality. Response to listeners on relation of wages to prices and on economic "value" of solar, wind and green energy vs coal, oil, gas and nuclear. More

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LANGUAGE: English

Rick-Wolff-74x74
“Banks and Other Outrages”

Updates on minimum wages in Europe vs US, richest US families, and economics of immigration. Interview with Tom Sgouros on broken banking system. Response to listeners on overpaid CEOs. More

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LANGUAGE: English

Rick-Wolff-74x74
It’s the System

Updates on vaccine price gouging, Canadian corporate misdeeds, Mass nurses fight inequality, Denmark's greater equality, Argentina as hedge fund hostage, and Gov Christie bombs again. Major issues: GM scandals, US household wealth keeps declining, and US corps evade taxes. Responses to listeners on Chinese food imports and Supreme Court decisions. More

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LANGUAGE: English

Rick-Wolff-74x74
Analyzing Incarceration

Updates on health economics, Mississippi political lessons, and whats wrong with a Harvard economist. Interview with Victor Wallis, on economics and politics of US prisons. Response to questions about: gender wage gap, real estate bubbles, and the "ultra richer" except in Latin America. More

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LANGUAGE: English

Rick-Wolff-74x74
“Economic Codependency”

Updates on rising rates of young men earning below-poverty wages, Detroit's retired city workers accept 4.5% cut in pensions, Missouri government struggles over tax cuts for special interests. Major discussions of (a) new book on China-US codependency and (b) how/why our economic system works and breaks down. Response to listener's question on corporate taxes. More

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LANGUAGE: English

Rick-Wolff-74x74
“Capitalism’s Mounting Contradictions”

Updates on RI Senate rewards firms limiting inequality, recession-driven increases in suicide rates, opposition to Dodd-Frank, negative effects of lower federal deficits, human costs of Detroit-type decline. Major discussions of economics of advertising and privatization. Response to questions on British real estate bubble and on worker cooperatives deciding on uses for their surpluses/profits. More

Rick-Wolff-74x74
Economic “Side-Effects”

Updates on Walmart's Mexican bribes, car loans turn bad, state taxes, US slower than Europe on renewable energy, Seattle's $15/hour wage minimum, Finland fines according to ability to pay. Major discussions: (1) medical-industrial complex and (2) London conference to build mass acceptance/resignation to capitalism's "side effects". Responses to questions on consumer stocks, H-1b visas, economic growth and differences between socialism and communism. More

Rick-Wolff-74x74
Myths of Capitalist Efficiency

Updates on Maya Angelou, Chilean students' victory, uneven = no recovery, Detroit's plan to demolish 40,000 houses, and housing market realities. Major discussions on (1) international movement of economics students challenging curricula and teachers, and (2) economics of advertising. More

Rick-Wolff-74x74
Fake Competition, Real Cooperation

Updates on evaluating privatization of public schools, engineers' class action against Apple, Google, Intel and Adobe, and US homeownership gives way to renting. Major discussions of big movement into worker coops in Cuba, different experience of Yugoslavia, and requiring departing corporations to pay back for publicly funded gifts received. Response to listener question on self-employment. More

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LANGUAGE: English

Rick-Wolff-74x74
Yet More Big Bank Misdeeds

Updates on US sanctions against Putin aides, relative decline in US median disposable income, stunning "accounting error" by Bank of America, and clever manipulation of US regulators by 15 biggest US banks. Major discussions of declines in discount stores reflecting absence of mass recovery, successes and growth of worker coops in Spain's deep economic crisis. Response to listener question on reverse mortgages and declining quality of jobs in US. More

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LANGUAGE: English

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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