Economic Update: Chris Hedges & US Prisons

[S11 E43] New

Direct Download

On this week's show, Prof. Wolff presents updates on South Dakota leads US to become world's #2 "tax haven,"  pandemic's economic shock cut by very uncapitalistic means, why employers want the govt to pay workers to go back to work, and how libertarians mistake puppets for puppeteers. The second half of the show features an interview with Chris Hedges on lessons for us from US prisons and prisoners.

**Economic Update with Richard D. Wolff is a [email protected] production. We make it a point to provide the show free of ads. Please consider supporting our work. Become an EU patron on Patreon:  and help us spread Prof. Wolff's message to a larger audience. Every donation counts!

A special thank you to our devoted EU Patreon community whose contributions make this show possible each week.

If you would like to make a one time or monthly donation, visit our donation page.

Find quick and easy access to past episodes of Economic Update, including transcripts, on our EU Episode List page.

About our guest: Chris Hedges is the author of 14 books, including several New York Times best sellers. He is also a Pulitzer Prize–winning journalist who was a foreign correspondent for fifteen years for The New York Times, where he served as the Middle East Bureau Chief and Balkan Bureau Chief for the paper, and is the host of the Emmy Award-nominated RT America show On Contact.

SUBSCRIBE: EU Podcast | Apple Podcasts | Google Podcasts | SpotifyiHeartRADIO
SUPPORT: Patreon

Follow us ONLINE:




Shop our CO-OP made MERCH:

Want to help us translate and transcribe our videos? Learn about joining our translation team:

NEW 2021 Hardcover edition of “Understanding Marxism,” with a new, lengthy introduction by Richard Wolff is now available at:

“Marxism always was the critical shadow of capitalism. Their interactions changed them both. Now Marxism is once again stepping into the light as capitalism shakes from its own excesses and confronts decline.”

Check out all of [email protected]’s books: "The Sickness is the System," "Understanding Socialism," by Richard D. Wolff, and “Stuck Nation” by Bob Hennelly


Showing 1 comment

  • pasqual digesu
    commented 2021-11-26 15:24:47 -0500
    Good Show, It seems we don’t have any authoritarian with enough control to mitigate the long list of issues you discussed, all very serious and very real. Since we have been tutored in rejecting all authoritarian systems of government we must live with the incredibly powerful and unmoving system of smoke and mirror capitalism which is our destiny, so lets not kid ourselves. As for trusts established by middle class people it will protect us from capitalistic forces in government that would take our homes for senior citizen social services as in home care and nursing homes whose costs are unmitigated or controlled,,, and other opportunistic attacks in family and other courts which no one seems to want to dissect and discuss, fueling a trillion dollars nationally every year to an army of university certified vultures (in every state industry) just for custody battles. This trillion naturally is not funded by the billionaires invested in south Dakota but “we the stupid simple people”. Also, all accounts generating income and interest within these Trusts are taxed annually at double the tax rate of an individual persons 1040 income. As for prison, we don’t invest in establishing liberated ex cons because your 14 to 70K spent does not go to sustaining the prisoner but to pay off the army of civil servants mentioned above and their associated state contractors, you don’t really believe the Salisbury steak and instant mashed potatoes in the prisons or nursing homes actually costs that much, do we? I remember manufacturers switching from their normal floor product build to retailing the most horrible pre-fabed food for prison shoppettes, We could go on but what’s the point of discussing what no one wants to discuss,,, ALL OF IT !
Please check your e-mail for a link to activate your account.

Become a Monthly

[email protected]


Sign Up!

Upcoming Events

Global Capitalism: Live Economic Update

When: Jan 12, 2022 07:30—09:00PM

Where: Judson Memorial Church

Global Capitalism: Live Economic Update

When: Mar 09, 2022 07:30—09:00PM

Where: Judson Memorial Church

View All Events

Follow Us

Facebook Friends:

Which of your Facebook friends have joined


Connect to Find Out: