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Economic Reality Checks

Updates on Boeing and economic blackmail, socialism returns, Chrysler fine is bogus, airline fees ploy, auto union vs wage tiers. We respond to questions on stale debate at Medicare 50th anniversary and on getting financing for worker coops. Finally, we examine how China and Germany became economic powerhouses. More

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Capitalism’s Endless Costs

Updates on Coke vs Pepsi war, price gouging on cancer drugs, Corwyn good for UK Labor Party, and new Pope's strong anti-capitalist speeches. We respond to listeners' questions on guaranteed basic income and on why public employees are not an economic negative. Major attention is given to supporting countries that refuse to pay certain govt debts and especially to Greece in a review of is dramatic recent struggles. More

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Capitalism and its Others

Today's program focuses on two alternatives to capitalism. The first is an alternative to how capitalism organizes enterprises in terms of their internal workings and relationships. We examine workers self-directed enterprises: how they work and how they compare to capitalist enterprises. In the program's second half we look at an alternative to how capitalism organizes the economy as a whole: the socialist tradition that has evolved multiple different forms in the world today. We examine how socialism has evolved, its complex relationship with government, and how socialism compares with capitalism. More

LOCATION: Global
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LANGUAGE: English

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Learning from Economic Defeats

Continuing our new format experiment: two in-depth analyses. In the show's first half: The New Deal was both a victory and a defeat. Both offer crucial lessons for today. In the show's second half, a critical review of labor's short and long-run goals, labor's defensive decline, and a new strategy built on lessons of that decline. More

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LANGUAGE: English

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Class and Socialism

We begin our 3-week experiment with a new format: two in-depth analyses, one in each half of the show. We begin by considering the different meanings of class, class analysis and class struggle across human history and why those differences matter so much now. Today's second half explores how socialism evolved from a basic alternative to capitalism into a state capitalism not so different from private capitalism. More

LOCATION: Global
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LANGUAGE: English

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Pope Questions Capitalism

Our updates start with victory of alumna, faculty and students over autocratic board of Sweet Briar College in Virginia, then discuss the uniquely awful US record on paid leave for workers and an interesting move by cities (Santa Cruz, CA as example) to disconnect from corrupt big banks. We have fun with why US govt leaving Waldorf Astoria hotel in New York and we celebrate rising UK movement against austerity. Second half of show interviews veteran reporter Bob Hennelly on the Pope's statement about ecology, environment, and a failing economic system. More

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LANGUAGE: English

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Fighting Economic Injustice

We open with Goldman Sachs injustice and move on to the 'independent contractor' ploy just busted at FedEx and Uber and then Wisconsin governor's attack on public university to lower taxes on corps and rich. We interview Prof Kristin Ross on (her new book) on the significance of the Paris Commune where workers fough injustice by reorganizing society dramatically and effectively. More

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Higher Education in Crisis

Updates analyze unemployment numbers to show what they hide as well as reveal. Responses to listeners' questions expose the economics of lotteries and why the largest US corporations have recently used their profits to buy back their shares in the stock markets. An in-depth interview of Prof. Sohnya Sayres explores the end of free college and universities in the US, the rise of administrators dominating students and faculty, and what these trends have meant for the quality of higher education in the US. More

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LANGUAGE: English

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Change: Sawant in Seattle

Updates offer latest on Greece's struggles with Europe, a critique of Buffett on rich vs poor and a hard look at $400 million gift to Harvard from billionaire Paulson. Responses to listeners on new Mayor of Barcelona and TPP. A detailed interview with socialist Kshama Sawant and her seat on Seattle's city council. More

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The New Deal Lives

We begin with Larry Summers and other signs of a broken economic system. Then the economics of Nebraska ending it's death penalty and vast sports corruption (FIFA). Responses to listeners on reorganizing universities and household class structures. Major interview with two guests, Professor Richard Walker and Dr. Gray Brechin, on rediscovering the New Deal. 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