Economic Update is a weekly nationally syndicated radio program produced by Democracy at Work and hosted by Richard D. Wolff. The program explores complex economic issues and empowers listeners with information to analyze their own financial situation as well as the economy at large. By focusing on the economic dimensions of everyday life - wages, jobs, taxes, debts, and profits - the program explores alternative ways to organize markets and government policies.
On this week's episode Prof. Wolff provides updates on Obamacare scandal, bank errors threaten depositors, public pension looting, subsidizing religion. Major discussion of old vs new meanings of capitalism as an economic system.