May 25, 2015
Opening updates focus on Seattle, Puerto Rico, Los Angeles, and Portugal. We then examine business domination of universities in service to profits and Republican efforts to undermine Democrats revenues from unions. We answer listeners' questions about business influence on govt policies and the question: "What is fascism?". Major topics treated in the program's second half are repression aimed at those resisting austerity and crisis of US higher education. More
May 17, 2015
In this edition of Economic Update, we look at Verizon's purchase of AOL, why Facebook's "contribution" to ending inequality falls so short, how latest $$ gift to Yale increases inequality, how UK elections reflect "scapegoat economics, and why deadly Mediterranean migrations reflect capitalism's globally uneven development. We also respond to listener questions on (1) Americans' attitudes toward income and wealth inequality by our analysis of recent Gallup Polls and (2) whether student debts can lead to reduced Social Security benefits and what that means. This edition's major discussions (1) build on "sharing unemployment" to show how we can combine respect for our natural environment with a fair sharing of the leisure that could result, and (2) analyze the significance of recent guilty pleas by major banks for manipulating currency exchange rates for their private profit. More
May 10, 2015
Updates on Alberta election, Kansas closes schools early, Gallup polls on unequal US wealth and on average work weeks over 40 hours, Uber and markets, ignorance about USSR economy. Response to listeners on public subsidies to private profits. Interview with Dr. Harriet Fraad on children and families in US capitalism. More
May 3, 2015
Updates on May Day holiday, Baltimore uprising, Nepal earthquake/poverty, Varoufakis vs repression, and Bud Light pushing beer by endangering women. Response to listener's questions on varieties of coops. Interview with Prof. Yahya Madra on Turkey, Capitalism, and Islam. More
April 26, 2015
Updates on UK elections, crisis's long-term effects, Kansas demonizes the poor, and the mustard-ketchup economic war. Responses to listeners on child-support economics and car production moving to Mexico. Major discussions: capitalism and war - a history, new stages of Cuban socialism and US Cuba-policy, the high stakes of Greece's economic situation. More
April 19, 2015
Updates on Bernanke's new big-bucks finance job, GM avoids billions in victims' claims for faulty ignitions, Seattle capitalist raises all workers to minimum $70k/yr, Americans' self-delusion on inequality, private profit trumps public policy, and anti-student-debt activism. Responses to listeners: impact on China if capitalism's relocation stopped. Major discussions of economics of wages and prices, narrowness of economics education, and basic global economic development issue.
April 12, 2015
Updates on inadequate unemployment insurance, Ted Cruz's campaign money, law giving domestic workers real benefits, and demonizing the poor. Responses to questions on California drought and US medical system's experiments on people. Interview with Yochai Gal on TechCollectives he organized: two successful worker coops. More
April 5, 2015
Updates on car parts industry, German courts cut Uber, Russia's economy grows despite sanctions, no recovery in declining teaching positions for new US PhDs in humanities, and huge Mexican strikes against Driscoll berries produced for US. Responses to listeners on (1) countries' currency manipulations and (2) role of unions in workers' coops. Interview Dr. Harriet Fraad, mental health counsellor, on how capitalism's changes since 1970s have disrupted the personal lives of US men and women and creative solutions. More
March 29, 2015
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
March 22, 2015
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
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