Economic Update: What Capitalism is

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On this week's episode Prof. Wolff provides updates on Obamacare scandal, bank errors threaten depositors, public pension looting, subsidizing religion. Major discussion of...

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Economic Update: Economics & Real Issues

This episode provides updates on economics vs. the "free press," Nevada vs. public education and bikes displacing cars in Europe. We also respond to listeners' questions on...

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Economic Update: Capitalism and/or Socialism

This week's episode of Economic Update includes updates on Spain's new left government, no NFL money for concussion research, Harvard runs like a business, Fresno research proves widespread hunger. Responses to questions on...

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Debunking the Magnitude of Markets: A Holiday Story

This article originally appeared at Truthout.org

Like all human institutions, markets have strengths and weaknesses. Born in particular historical conditions, they alter over time as conditions change, and eventually die. Just as other institutions - monarchy, slavery, empire, feudalism, tribal society...

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Capitalism - Not China - Is to Blame for the Current Global Economic Decline

This article originally appeared at Truthout.org

 

Capitalism, like a speeding train, barreled into a stone wall in 2008. Shocked and dazed, its leaders have been trying to "recover." By that, they mean to fix the mangled tracks, reposition the locomotive and cars on those tracks and resume forward motion. No basic economic change...

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