D@W's Paul Sliker and Dante Dallavalle talk with Michael Hudson, one of the world’s six economists who accurately predicted the 2007-2008 financial crisis. His new book, J is for Junk Economics, reveals how the mainstream economic vocabulary has been turned around in an Orwellian way to mean just the opposite of what words used to mean. Michael explains how the media and academia use well-crafted euphemisms to conceal how the economy really works, the economy under Obama vs. Trump, and what might be coming next.Read more
Trump is Obama’s Legacy. Will this break up the Democratic Party? One of the world's leading economists explains.Read more
“I’ve been dreaming of this since I’ve been...drinking out of kegs.” This statement was brought to you by House Speaker Paul Ryan at a National Review conference. The reverie Mr. Ryan has been musing since his youthful fraternity days at Miami University has been to dismantle healthcare for millions of those who rely on programs such as Medicaid, Medicare, and now it’s recent expansion under the Affordable Care Act.
But it seems that Mr. Ryan isn’t the only dreamer. Under the new Trump regime the GOP may well come closer to realizing this morbid dream.Read more
A detailed analysis on charter schools published by the Economic Policy Institute noted that, “Numerous analyses have found chartering to lead to an imbalanced distribution of students by race, income, language proficiency, and disability status.” Furthermore, “pension and health care costs are systemwide concerns that cannot be ignored by shifting students and public dollars across sectors.” Charter schools seem to bring up more questions than they answer.Read more
On this week's Economic Update, Prof. Wolff provides updates on Vermont brewery becoming a worker coop, profitability proves nothing, Trump knocks "fiduciary rule," immigration reduces crime, Pelosi...Read more
During the recent presidential campaign, Donald Trump promised to revitalize American manufacturing—and bring back “good” manufacturing jobs. So did Hillary Clinton.
As long as workers have no say in how production is organized—including the technologies that are used and the surplus that is created—we can expect both manufacturing production and profits to increase while leaving workers and their jobs behind.Read more
How do we build an alternative while people are suffering now? Though single payer healthcare is touted as the obvious fix, the world can’t wait until it’s politically feasible, much less as the incoming Trump administration ramps up its assault on state-funded care.
Worker-owned cooperatives present a coherent vision of what a radically new medical system could look like.Read more
"Trump's Ideas for Jobs, Taxes, Trade: What Those Plans Mean For Us"
These programs begin with 30 minutes of short updates on important economic events of the last month. Then Wolff analyzes several major economic issues. For December, these will include:
There was a crucial socio-political message in the radically different gender agendas evident in the 2016 presidential election. Dr. Harriet Fraad breaks down the stark differences between all three of the main actors who were serious final contenders on the presidential stage: Hillary Clinton, Bernie Sanders and Donald Trump.Read more