Economic Update: Surging US Labor Activism

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In this week's Economic Update, Prof. Wolff discusses explosive labor militancy across 2022 in US and UK, Wells Fargo bank again fined for illegal practices on 16 million bank customers, US-Russia economic warfare undercuts European economies whose response will likely shape Ukraine War's results. In the second half, Wolff interviews journalist Bob Hennelly on the rising US labor movement.


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.


About our guest: Bob Hennelly is an award winning independent journalist focusing on labor, public health, the economy and the environment. He is a regular contributor to Salon, InsiderNJ, City&State, the Village Voice  and Work-Bites.

He’s also a veteran broadcast journalist who has filed stories for NPR, WNYC and WBGO, the NPR jazz station in Newark, NJ.

He’s worked for CBS MoneyWatch and CBS’s 60 Minutes.

He hosts a weekly radio program on WBAI that focuses entirely on the issues of working people. His work has appeared in the NY Times, the Detroit Free Press, the Guardian, the Christian Science Monitor and dozens of other news outlets. 

Bob is the author of his new book, just released and published by Democracy at Work: "Stuck Nation: Can the United States Change Course on Our History of Choosing Profits Over People?" available at www.democracyatwork.info/books

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NEW 2021 Hardcover edition of “Understanding Marxism,” with a new, lengthy introduction by Richard Wolff is now available at: https://www.lulu.com

“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 http://www.lulu.com/spotlight/democracyatwork


SOURCES FOR SHOW SEGMENTS:

  1. Record strikes, unionization across 2022: https://www.axios.com/2022/12/19/worker-strikes-surged-in-2022
  2. UK: https://www.ft.com/content/013c8814-5642-44b3-9801-e987c5f48b11
  3. Wells Fargo: https://www.cnn.com/2022/12/20/investing/wells-fargo-cfpb-foreclosure-fine
  4. Poland and Germany put in requests for Russian oil: https://www.reuters.com/business/energy/russias-transneft-receives-polish-german-requests-oil-tass-2022-12-20/

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