Most business leaders, mass media, politicians and academics keep defining capitalism, the main economic system in today’s world, as markets plus private (“free”) enterprises. That definition is wrong...(More...)
Today's updates include an analysis of 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. The second half of the show features an in-depth interview with Prof. Sohnya Sayres where we explore 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...)
Capitalism’s Crisis Changes Politics: Seattle to Barcelona to Athens
“As Capitalism's Crisis Deepens, Thoughts of Socialism Return Again”
Co-sponsored by Democracy at Work, Left Forum, and Judson Memorial Church, these programs begin with 30 minutes of short updates on important economic events of the last month. Then Prof. Wolff analyzes several major economic issues. For May 13th...
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...(More...)