Economic Update

Updates on closing Florida plant that should be converted to worker coop, oil company profits versus social damage they do, megacorps (Walmart, Amazon) take over grocery business, social purpose of what "middle class" means. Interview Jared Yates Sex...

Updates on the U.K.'s King Charles in Africa, the unionization struggles at Starbucks, a growing strike against Musk’s Tesla and the Bangladeshi women’s labor strike. An analysis of the economic concept of "surplus" and how capitalism makes it possib...

Updates on risks to UAW strike victories, realtors fined for collusion on real estate commissions, Bangladeshi strikes for higher minimum wages for clothing workers, China outmaneuvers Malaysia and US in rubber glove business, UN vote isolates US, Is...

Update on Nobel Prize in economics to Harvard Prof. Claudia Goldin; comment on Main/Halloween shootings, global financial secrecy index, Biden's money for wars. Major segments on (i) UAW strike victories at Ford, GM, Stellantis, and (ii) abortion acc...

On this week's show, Prof. Wolff presents an analysis of how and why capitalism is an undemocratic economic system. The first half is devoted to the micro-level, namely to the organization of the enterprise (factory, office or store). Its undemocrat...

From 1945 to 1990 we were told a great struggle pitted capitalism against socialism/communism (chiefly the USSR and China). Yet still today, US leaders demonize Russia and China despite the end of communism in the USSR and a huge growth of capitalist...

Updates on how Social Security makes African-Americans subsidize whites, lessons from a new survey of young Americans' politics, the injustice of Europe's central bank raising its interest rates, Taylor Swift publicly supports Hollywood strikers, and...

Updates on writers (WGA) strike, auto-workers (UAW) strike, failure of US Federal Reserve, US govt subsidizes private capitalists. Interview Pete Dolack on his new book "What Do We Need Bosses For? Toward Economic Democracy"

Discussion of (1) the crisis of today's real left; (2) the need to acknowledge, build upon, but also go well beyond the successful socialisms of the 19th and 20th centuries; (3) the macro focus on the state and the omission of a microfocus on the wor...

After clearing away the Cold War debris that blocked discussion of Marxism's insights since 1945, we focus on Marxism's core contribution to (1) thinking about and (2) changing modern capitalist society. That contribution is class structure and class...