Season 12 began in January 2022, and will run through December 2022.
Guest: Emily Guendelsberger
May 2022 (Season 12 - Episode 19)
In this week's show, Prof. Wolff presents updates on the unionization of Grinnell College student-workers; US GDP drops 1.4% in Q1 of 2022; food inflation versus rationing; Germany's refugee shame; small US businesses to plan price inflation; and western corporations leaving Russia replaced by eager corporations from China, India, Turkey, Brazil etc. In the second half of the show, Wolff interviews Emily Guendelsberger, author of On the Clock, on how badly paid, insanely stressful jobs are the workplace future facing the US.
Guests: Manon Vergerio & Velvet Ross (aka Fannie Lou Diane)
May 2022 (Season 12 - Episode 18)
In this week's show, Prof. Wolff discusses global impacts of food inflation, endless class struggle over length of the workday and workweek and US deaths by guns. In the second half of the show, Wolff interviews housing activists Manon Vergerio and Velvet Ross (Fannie Lou Diane) on the US housing crisis, homelessness and evictions.
May 2022 (Season 12 - Episode 17)
In this week's show, Prof. Wolff talks about Sri Lanka’s economic crisis as a global example, and how US billionaires escape taxation at our expense. In the second half, Wolff discusses how and why the market system produces inflations like today’s.
Guest: Gayle McLaughlin
April 2022 (Season 12 - Episode 16)
This week on Economic Update, an analysis of Ukraine propaganda war, US inflation worsens, the US college debt crisis and New York City eviction crisis looms. In the second half of the show, Wolff interviews Gayle McLaughlin, former Mayor and City Council member, Richmond, CA on winning progressive politics.
Guest: Chris Hedges
April 2022 (Season 12 - Episode 15)
This week on Economic Update, Prof. Wolff discusses nurses’ suicides as results of our profit-driven healthcare, sanctions and their effect on inflation, US states where 40% of workers earn under $15/hr, and US corporate profits triple from 2008 to present. In the second half, Wolff talks with host and journalist Chris Hedges about Ukraine and the end of the US empire.
April 2022 (Season 12 - Episode 14)
In the first half of this week's show, Wolff evaluates US capitalism as a system of production and distribution of goods and services. In the second half, he compares the evaluation with the very different self-image of dominant voices within US capitalism. His conclusion: US capitalism has peaked and finding it very difficult to face its decline.
Guest: Christian Smalls
April 2022 (Season 12 - Episode 13)
This week on Economic Update, Prof. Wolff talks about oil and gas inflation, its impacts, and politicians' phony solutions, the stagnant US gender pay gap and its significance, and why Americans are experiencing economic crisis, while Biden pretends the US economy has "recovered" and is in great shape. In the second half of the show, Wolff interviews Amazon union leader Chris Smalls about union organizing efforts across Amazon and beyond in a revived labor militancy.
***Since the recording of this episode last week, the Amazon Labor Union secured a major victory and has established the first Amazon union in the country under the leadership of @Chris.Smalls_. This is a historic event and we want to express our congratulations to Chris and the Amazon Union workers on this historic feat.
Guest: Prof. Joerg Rieger
March 2022 (Season 12 - Episode 12)
This week on Economic Update, Prof Wolff presents updates on Amazon workers' strike, the impact of US inflation, and the underappreciated economic aspects of Russia-Ukraine war. In the second half of the show, Wolff interviews Prof. Joerg Rieger on Christian Socialism, past and present.
Guest: Prof. Adolph Reed, Jr.
March 2022 (Season 12 - Episode 11)
This week's show on Economic Update, Prof. Wolff talks about the emerging new world order, Ukraine and inflation, and the economics of sanctions. On the second half of the show, Wolff is joined by Prof. Adolph Reed, Jr. to discuss race, class and the US left.
March 2022 (Season 12 - Episode 10)
This week's show features a discussion of what Marx offers in the way of a basic critique of capitalism and an alternative economic system that would be better for most people, and how this differs from mainstream economics.
Guests: Gloria Mattera and Michael O’Neil (Green Party)
March 2022 (Season 12 - Episode 09)
On this week's show, Prof. Wolff talks about the UK selling visa to the rich, why "non-profit" is really "un-taxed," Apple's CEO's 2021 pay of $99 million, AOC and NYPD arrests for stealing diapers and kids' medicines, cleaning products. Green Party leaders Gloria Mattera and Michael O'Neil join Wolff in the second half.
Guest: Rob Robinson
February 2022 (Season 12 - Episode 08)
This week on Economic Update, Prof. Wolff presents updates on the 2021 record 100,000 opioid overdose deaths in the US, the savage reductions in K-12 public education, inflation's profiteers, and offers a different take on the truckers' convoy in Canada. The second half of the show features an interview with activist Rob Robinson, formerly homeless, now a professor advocating for public housing.
Guest: John Nichols
February 2022 (Season 12 - Episode 07)
On this week's show, Prof. Wolff presents updates on Mississippi's legalization of pot, US's $30 trillion national debt, Mexican workers at GM plant vote in militant union, and Amazon's 17% price increase (after a year of record profits), as much of nation already suffers from 7% inflation. In the second half of the show, Wolff interviews John Nichols, author of Coronavirus Criminals and Pandemic Profiteers.
February 2022 (Season 12 - Episode 06)
On this week's show, Prof. Wolff talks about the US' 2021 trade deficit and its implications, the FED's inflation policy dilemma, and the political economy of the Baltimore and Bronx fires. In the second half of the show, Wolff uses the actual history of fascism in Italy, Germany and Spain to analyze the positions and prospects of fascism in the US today.
Guest: Aviva Chomsky
February 2022 (Season 12 - Episode 05)
This week on Economic Update, Prof. Wolff presents a critique of US Megacorp merger (Microsoft and Activision Blizzard), China vs US on inflation and economic growth, and the collapse of Boris Johnson (like Trump's lost election). In the second half of the show, Wolff interviews author Aviva Chomsky on problems and prospects of US labor and left social movements.
January 2022 (Season 12 - Episode 04)
On this week's show, Prof. Wolff talks about the recreation of `company towns' (eg., Kalamzoo, MI) by the richest US capitalists, Biden and the reality of US jobs lost, how and why the US follows UK decline, and rising mass alienation from established political leaders and parties. The second half of the program features a discussion of socialism without Cold War taboos.
Guest: Fabian Scheidler
January 2022 (Season 12 - Episode 03)
On this week's show, Prof. Wolff talks about the sharp reduction in US population growth; how "lockdowns" are the anti-Covid policy everywhere, some gov't run and focused while others are private, haphazard, and unfocused. In the second half of the show, Prof. Wolff is joined by Fabian Scheidler, author of The End of the Megamachine: A Brief History of a Failing Civilization.
Guest: Tess Fraad-Wolff
January 2022 (Season 12 - Episode 02)
On this week's show, Prof. Wolff talks about US bank closings as a sign of system decline; victory for 3000 striking Columbia University students; Laredo, Texas combats food deserts with co-ops; pandemic years worsen global inequalities, US defense bill aggravates US capitalism's inequalities. Special guest Tess Fraad-Wolff joins the second half of the show to discuss the role of emotions in US politics today (by Dems and GOP establishments but also Trump and Bernie wings).
Guest: Mike Elk
January 2022 (Season 12 - Episode 01)
This week on Economic Update, Prof. Wolff presents updates on Huawei vs Cisco, Europe's exploding energy prices falsely blamed on Covid, Robert Kuttner announces he has become a socialist, polls show big drop in religious affiliation and praying especially among Christians from 2007 to 2021 as secularism accelerates. In the second half of the show, Prof. Wolff is joined by Mike Elk of Payday Report to discuss the growing wave of US strikes since the pandemic began.
Other Seasons of Economic Update
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