A Patron of Economic Update asks: "Prof. Wolff could you please comment or give your analysis regarding the petrodollar, its impact on global markets, geo-politics and the recent news that the Yuan may soon overtake...

A Patron of Economic Update asks: "I have a question about "public option" businesses. Do you know of any examples of government-funded "public option" businesses, out in the world today or historically, that...

A Patron of Economic Update asks: "Can you be both a Marxist and a market socialist and...

A Patron of Economic Update asks: "I have always been interested in how workers would build personal wealth and assets in a socialist society like how they...

A Patron of Economic Update asks: "I’m writing because I’m curious about Critical Theory and its relationship to a current hot topic, Critical Race Theory. What are Critical Theory’s roots? What were its originators in the Frankfurt School trying...

A Patron of Economic Update asks: "Quick question that may seem silly but I think about it each time I buy something at a store. I usually have my bag. The cashier seeing this takes the 5 cents that is a reward for my bag, and...

A Patron of Economic Update asks: "I wanted to know if you could explain the socialist model of Yugoslavia under the Tito government, how the companies self-managed by the workers worked, how they competed in the...

A Patron of Economic Update asks: "I have heard various politicians, from both left and right, argue that to “look after” an aging population there is a requirement for population growth. The premise of the argument being that there needs to be sufficient numbers of working age people to fund those that have retired. My assumption is that it's...

A Patron of Economic Update asks: "You frequently mention the amount of corporate debt in America (which exceeds $18 trillion, an outdated statistic by now), despite having record profits, which are used to buy back stocks to pay dividends to shareholders. As this is the case with capitalism, the bubble always bursts eventually. Under "normal" conditions, the losers would be absorbed by...

A Patron of Economic Update asks: "You often mention the fact that capitalism had largely the time to experiment by trial and error until it finally succeeded in replacing the feudal system. The purpose is to substantiate that assertion that is often used in your monologues and...