Economic Update: Rising Labor, Faltering System

[S12 E36] New

Direct Download

This week on Economic Update, Prof. Wolff talks about the prospects for a labor-union-worker co-op alliance; megacorp stock buybacks; why and how US/UK sanctions on Russia failed so far; the financial abuse of US retirees; and lastly, union popularity in US at 50-year high.

Economic Update with Richard D. Wolff is a Democracy at Work production. We make it a point to provide the show free of ads. Please consider supporting our work. Learn about all the ways to support our work on our Donate page, and help us spread Prof. Wolff's message to a larger audience. Every donation counts! A special thank you to our devoted monthly donors (via both our website and Patreon) whose recurring contributions enable us to plan for the future.

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

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

  • Edward Dodson
    commented 2022-09-21 15:25:10 -0400
    It is worth adding to Professor Wolff’s analysis that at least some portion of households in the U.S. do have significant savings and no debt. Thus, the rise in interest rates is resulting in rising interest income. Neither the Federal Reserve nor our states or federal governments have taken steps to lower the cost of apartment rents or the price of a residential property for first-time buyers. The longer-term strategy is to encourage local governments (including school districts) to move toward a land-value only form of property taxation. In the interim, government must begin to subsidize the construction of millions of permanently affordable housing units — rentals as well as ownership. The National Low Income Housing Coalition estimates there is a shortage of 7 million rental units affordable to those who have household incomes of less than 80% of whatever the area median income is in the region.

    Elimination of the preferential tax treatment for gains experienced on the sale of financial assets and other, so-called “capital gains” could provide some of the government funding. A tax on gains on the sale of residential property put into state or even local affordability trust funds would also help.
Please check your e-mail for a link to activate your account.

Donate to Become a

[email protected]

Monthly Supporter

Customized by

Longleaf Digital