Economic Update: Capital for Worker Coops

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On this week's episode of Economic Update, Prof. Wolff provides updates on US workers' productivity rising while wages flat since 2009, US corps evading taxes, Gallup Poll on poor US job picture, wealth of  billionaires enough, if redistributed, to change...

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How Capitalism Perpetuates Immigration

This article originally appeared at Truthout.org

Capitalism has a long, ugly history of scapegoating immigrants. The pattern has been repeated often. For example, British capitalism's drive to empire helped force the Irish, as colonial subjects, to emigrate. Miserable colonial conditions, including horrific famines, drove many Irish to labor for capitalists in England at wages lower than English workers had won. English workers raged against and...

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Economic Update: Economics and Red States: Arlie Hochschild

On this week's episode of Economic Update, Prof. Wolff provides updates on Corbyn's victory in UK, Uber drivers unionize, state retirement systems sued for threatening pensions, hard facts about...

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Economic Update: Higher Ed Class Struggles

On this week's episode of Economic Update, Prof. Wolff provides updates on top Corp leaders and top government officials as tight partners, British wages and...

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The Contradictions of Finance

This article originally appeared at Truthout.org and Roar Magazine.

Like much else in economies, finance both enhances the economy's growth and development and undermines it. The balance between these contradictory effects depends on all the other aspects of an economy and society and how they all influence financial contradictions. From its first entrance into the economy -- that part of society concerned with the production and...

 

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