Economic Update

On this week's episode, Prof. Wolff talks about the Chinese economy. China is run by a Communist Party but describes itself as socialist, while the employer/employee structure of its enterprises is capitalist. We examine what this means for (a) its p...

This week's updates focus on US small/medium businesses converting to worker coops, the strikes at the US west coast ports and UPS, an employer uses a fake priest to get workers' confessions for employers' use, and the state of Delaware allows busine...

 This week's updates focus on the ridiculously low ranking of the U.S. among OECD nations, why & how mega-corps get richer faster than we do, the palpable solidarity between the Labor Unions and the writers' strike in the U.S, the UPS teamsters 9...

This week's show includes updates on the US west coast ILWU strike, unemployment compensation for strikers, 1700 CT caregivers strike against austerity, as well as discussing Mexico's fight with the US over Mexico's ban against GMO white corn imports...

This week's show brings updates on the real US unemployment problem, discusses how the US Congress betrays students on the student debt crisis.  It also details how huge majorities polled support US teachers with increased teachers pay, teachers' fre...

This week's updates focus on the German recession, deadly drug wholesalers, and immigrants in the US labor force, as well as oil and gas profiteers.  In the latter half of the show the economic facts on China's economic reality will be discussed and ...

This week's Economic Update focuses on the merger of collapsed First Republic Bank and JP Morgan Chase bank, making a "too big to fail" bank even bigger,  and the cost of FDIC bank bailouts and mergers.  We also present the timeline of policies leadi...

Throughout capitalism's history, the big topic in economics was how far the government should intervene in the economy. Conservatives wanted minimum intervention while liberals and socialists wanted much more. In fact, government intervention mostly ...

In this week’s show, Prof. Wolff analyzes the corporation. It stands as a basic institution blocking real democracy in our society. The corporation's structure and operations empower and enrich a tiny social minority at the expense of the people's we...

In this week’s show, Prof. Wolff presents updates on the abortion pill fight and drug firms' profiteering, stunning wage gains (of $7.50/hour) won by hotel workers' unions, US real wages fell March '22-March, racism and empty boasts in Tennessee. In ...