Mar 20, 2016
On this week's episode of Economic Update, Prof. Wolff provides updates on FED decision, struggles over China trade and Brexit, and fascism. Major discussions: (1) critique of capitalists' "job creation" and (2) why state support of worker coops is what capitalism got from states for centuries.
Mar 14, 2016
On this week's episode of Economic Update, Prof. Wolff provides updates on Europe's new econ stimulus, French workers rally for job security, US airlines' rip-off fees. Response to question about govt blame for economic crisis since 2008. Major discussions on what capitalist profit is and on the basic economics of our political party system.
Mar 7, 2016
On this week's episode of Economic Update, Prof. Wolff provides updates on injustice of Argentina's default settlement, on Pope Francis's rejection of "exploiters," and on stagnating real median incomes in US. Major discussions of (1) what Sanders's support proves about Occupy Wall Street, and (2) economics of fascism.
Feb 29, 2016
On this week's Economic Update, Prof. Wolff provides updates on Citibank calls "Recession" for 2016, Robert Gordon's new book "Rise and Fall of American growth, college students to Europe for free educations, drug and food companies profit at public's expense, economics of presidential candidates, pension struggles heat up, and why China's slowdown due to US/Euro/Japan economies. Major discussions of (1) US unemployment and (why profit motive yields economic decisions so often good for profits but bad for society.
Feb 22, 2016
Updates on Bloomberg's money, negative interest rates, the oil market, Puerto Rico's cruel sales tax, Fed Reserve governor supports breaking up banks 'too big to fail,' and Apple borrows despite its huge cash hoard. Response to listeners: converting capitalist into worker coop type enterprises. Major discussion: three alternative responses to the huge problems of capitalism today.
Feb 15, 2016
On this week's episode of Economic Update, Prof. Wolff provides updates on China achieves economic superpower status, profit produces drug scarcities, Ireland's unjust austerity, millionaire tax in Massachusetts. Major discussions of self-destructive cut-backs in public higher education and the chaos of the monetary system (banks, Fed Reserve, etc.).
Feb 7, 2016
On this week's episode of Economic Update, Prof. Wolff provides updates on the economic significance of Sanders' Iowa vote, Keynes on risks of revolution against capitalism, costs of oil market collapse. Interview with author Pete Dolack on lessons for today of past experiments in socialism."
Feb 1, 2016
On this week's Economic Update, Prof. Wolff provides updates on Johnson Controls Corp evades taxes, Disney sued over abuse of HB-1 visa system, French workers strike against austerity and against socialist government; response to listeners on tax-subsidies for churches and lessons of Israel's kibbutz experience, Major discussions of (a) 5 major market failures, and (b) major change in UK Labor Party policy favoring worker coops.
Jan 25, 2016
On this week's episode of Economic Update, Prof. Wolff provides updates on Obama on/in Detroit, Walmart closing stores, Santa Fe and public banking, food-makers' profits vs people's health. Major discussion of Oxfam and IECD reports on world poverty and inequality.
Jan 18, 2016
On this week's episode of Economic Update, Prof. Wolff provides updates on worker actions by UK's "junior doctors" and Detroit teachers, Flint's poisoned water, Supreme Court struggle. More on US govt subsidy of religion. Interview on worker coops with Michael Johnson author of new book.
Jan 11, 2016
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.
Jan 4, 2016
This episode provides updates on economics vs. the "free press," Nevada vs. public education and bikes displacing cars in Europe. We also respond to listeners' questions on the economics of closed ACA health co-ops and on inflation's dangers and impacts. Finally, we have major discussions on the Massachusetts Senate bill to tax rich universities and answering the question: "What is Capitalism?"
Dec 28, 2015
Updates on Spain's new left government, no NFL money for concussion research, Harvard runs like a business, Fresno research proves widespread hunger. Responses to questions on why corps buyback own shares and why the "new" gig economy is not new. Major topic: comparing old socialism (govt intervenes in economy) to new socialism (democratizing the enterprise).
Dec 20, 2015
Updates on FED's interest rate hike, Peter Drucker on "like a business," gun business, and oil economics. Response to question on whether it is China that is slowing the world economy. Major discussion of Greek and Spanish austerity politics and how major oil, banking and auto corporations proved why we can and must do better than capitalism.
Dec 13, 2015
Updates on denying bailout for Puerto Rico and gross wealth inequality in US and Wisconsin. Response to listeners on guns and the capitalist profit motive. Interview with Prof. Cathy Mulder on transcending capitalism via worker cooperatives.
Dec 7, 2015
Updates on Portugal joins Greece against austerity, US austerity especially in Puerto Rico and Illinois, useless laws for banks, words not action in Paris. Major discussions of Thanksgiving economics, Germany and refugees, France and terrorism, US airlines cheat for profits.
Nov 30, 2015
Updates on economics of immigration, economic alarmists, Ireland as tax haven. Response to listeners on role and place for small business in worker-coop based economy. Interview with Dr Harriet Fraad on crisis for middle-aged whites in US today.
Nov 23, 2015
Updates on Japan's Recession, half of New York City economically in trouble, ACA deductibles undermine affordability, Million student March, another crooked capitalist. Response to listeners on private vs public enterprises. Major topics: small vs big business and big ideas not being discussed in campaigns.
Nov 16, 2015
Updates on Greek and Portuguese austerity struggles, obesity and Coca Cola, importance of U of Missouri, JC Penney's fake sales, and Macy's urgent sales. Response to listeners on politics, economics of TPP. Major discussions of (1) upcoming FED decision on interest rates and (2) economic causes of gentrified US cities.
Nov 9, 2015
Updates on capitalism vs higher education, real costs of apps, how other half banks. In depth analyses of projected economic downturn in 2016, capitalist inequality and housing changes, and how capitalism affects sports.
Nov 2, 2015
November 1, 2015 Today's episode includes updates on Obama's harshness regarding student debt, how much corporations and the rich abuse tax havens, MIT rejects fossil-fuel divestment and Tylenol's profit over safety practices. Prof. Wolff responds to listeners on where the US economy is now headed and discusses the problems and prospects of teaching economics after the 2008 crisis during an interview with life-long high school teacher Alan Schulman.
Nov 1, 2015
Sept 7, 2015 This week's updates cover extreme poverty, workers' victory over tech giants, NFL concussions, Trump's economics analyzed and Oakland for worker coops. Prof Wolff responds to listeners questions on workers who lost out from 2007-2014 and on the injustice of state and local taxes. We close with major discussions of last week's stock market gyrations and the resurgence of socialism.
Nov 1, 2015
Sept 14, 2015 This week's updates include the economics of refugees, Ford buys French political wife, LAs homeless, Labor Day history, Seattle Teachers strike and why Japan's jobs are ever more precarious. Prof Wolff responds to listeners on why rising wages need NOT mean rising prices. Interview with Dr. Harriet Fraad, mental health counselor, on the psychological pains, personal suffering, and huge social costs of imposing uncertainty and precarity on job security, hours and days of work, benefits, and wages.
Nov 1, 2015
Sept 20, 2015 This week's updates include the GM settlement, a look at why the Census Bureau proves there is no recovery for 90% and why GE is moving jobs overseas. Prof. Wolff responds to listeners on FED agonies over interest rates and how capitalism mishandles unemployment. We end with a major discussion of WSDEs and capitalist corporations.
Oct 30, 2015
Sept 27, 2015 This week's updates include a look into new Detroit book, the Mayor's austerity policy in Chicago, homeless school children and soaring medical insurance deductibles. Prof. Wolff responds to listeners on the VW scandal and the Pope's statements on economics. Prof. Wolff also interviews Prof. Ian Seda-Irizarry on the current crisis in Puerto Rico.