October 26, 2014
Updates on Detroit's water shutoffs, corporations prioritize profit at people's expense (4 big examples), US Senators making money, economics of ebola, and hedge funds pay fines with pensioners' money. Interview: Dr. Obery hendricks, Jr., on Martin Luther King, Jr.'s lifelong criticism of capitalism and preference for democratic socialism. Response to listeners on (1) economics of the disabled (productivity and wages) and (2) reduced 2014 deficit in US. More
October 19, 2014
Updates on Walmart shifts medical insurance costs onto US, payday loans, US child poverty, Obama versus workers' needs, profits and death from opioids. Major discussions of medical-industrial complex, manufacturing "renaissance" fantasy, and "socialism's" different meanings. Response to listeners on remarkable economics of US securities industry. More
October 12, 2014
Updates on GM recalls, Cuba's investment in medical training, Germany's end all tuition requirements. Major discussions of why economics education so poor and report from Santa Fe movement for public banking. Response to listeners on why no recovery from the crisis and how to think about transition to worker coop based economy.
October 5, 2014
Updates on economics of migrants, choosing not to go to college, corporate tax dodges and their effects. Major discussions of (1) the economics of insurance, and (2) the basic economics of capitalist corporations. Responses to questions on (1) Rockefellers selling their fossil fuel holdings and (2) the economics of "mutual" companies. More
September 28, 2014
Updates on why efforts against obesity fail, Cadillac moves to New York, Atlanta Symphony lockout, subprime auto-credit, bank economics. Major discussion on the economics of climate change. Responses to questions on Jamestown in US history, minimum wage struggles now, and economics of insurance.
September 21, 2014
Updates on new census data, Kentucky town goes "socialist," big wage theft, Maine workers coop, economic insecurity. Major discussions on "gentrification", Yellen worried, tax consequences on inequality, and global economic of beer. Responses on min wage struggles, corporate "persons" and BRICS bank. More
September 14, 2014
Updates on Market Basket workers' victory, top paid asset managers, FED report debunks "recovery," Chipotle's gross inequality, Montreal corruption, and Russia/China economic alliance. Major discussion: Part 2 on socialism's new directions. Response to listeners on franchising, capitalist growth, advertising and consumer desires.
September 7, 2014
Updates on food insecurity, oil disaster economics, politicos go to Wall Street, billionaires buy homes, education In UK and US sustains elites. Major discussions of (1) employers' movement for a 4-day workweek, and (2) history of socialism vs capitalism (part 1 with part 2 next week) which was also response to many listeners' questions. More
August 31, 2014
Updates on Burger King, French socialism, cell phone overcharging, Bank of America's fine. Major topics: advertising industry and once more on no recovery. Responses on Michigan teachers union fight, poor still kept out of US top colleges, corporate stock buybacks. More
August 24, 2014
Updates on govt. housing for Johnny Cash, inequality and growth, economic lessons from Ferguson. Interview on Retirement Crisis in US with Prof. James Russell. Responses to questions: (1) how government subsidizes Walmart (with Food Stamps plus....), and (2) economics of advertising. 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