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System Change: Then and Now

Updates on Trans-Pacific Partnership secrets, the Heinz-Kraft merger, the overly costly, underperforming US medical care system, fines for Graco selling faulty child car-seats, China's real-estate bubble, and estate tax repeal by Republican House. Response to listener on property: private versus public. Major discussion of how system change happened in the past and and how in capitalism today. More

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Economics of Corruption

Updates on Yellen press conference,"Blockupy" protests in Europe against ECB and austerity, New York mayor DiBlasio signs bill for worker coops, and important fight over closing Sweet Briar college. Interview with veteran reporter Bob Hennelly on economics of US political corruption with special focus on his native New Jersey. More

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Housing, Cities, Suburbs

Updates on pizza politics, changing currency values, and tax-cutting politicians' wild claims. Responses on workers coops' competitiveness and on 'unfree' agricultural markets. Interview Walter South on economics of housing and dangerous economics of US cities and suburbs. More

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LANGUAGE: English

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Economic Decline and Growing Resistance

Updates on taxis vs Uber vs driver coops, an apology on Detroit, International Womens Day, and cutting workers' compensation. Response to listeners on the economics of debts, past and present. Major discussions of (1) resisting economic decline: Minnesota governor, Emma Thompson and Pope Francis, (2) Wisconsin governor presides over economic decline, and (3) extremes of economic inequality. More

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It’s the System

Updates on German anti-capitalism, student debt default, credit card economics and unregulated chemicals. Response to listeners on pension scandals and Harvard economic research. More

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LANGUAGE: English

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Free Enterprise System Defects

Updates on Europeans' struggles against austerity policies. Response to questions on how workers' self-directed enterprises solve various problems (especially financing and different skill levels). In depth critical discussion of 'free enterprise' and the free enterprise system. More

LOCATION: Europe, Global
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LANGUAGE: English

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Market System Defects

Updates on labor protections for 'contract' workers, a green new deal for Greece, slowing US growth, and scandal of the used car market. Response to questions on reality behind 'recovery' hype and on poverty among those over 65. In depth critical analysis of markets and 'the market system'. More

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The Poverty – Wealth Divide

Updates on capital gains tax, Home Depot work/stress tragedy, and Koch money for 2016 election. Response to questions on child poverty problem in US and "solutions." Major discussions of (1) key economic problems looming for US economy: Europe, China, emerging markets, and US domestic inequality; and (2) economic issues surrounding currency exchange: especially the value of the US dollar relative to Euros. More

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Economics and Revolutions

Updates on political corruption, Greek election results, social security taxes, debt jubilee, union membership and revolutions' lessons. More

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Spinning Out of Control

Updates on Obama's SOTU speech, ECB pumps up money supply to stimulate Europe, forgiving Greece's (just like Germany's) debts, and US housing extremes. Response to questions on global wealth inequality and Switzerland's currency maneuvers. Interview with Dr. Harriet Fraad on US economy's disastrous impact on children. 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