Economic Update with Richard D. Wolff

Economic Update with Richard D. Wolff is a weekly nationally syndicated 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 not only their own financial situation but the economy at large. Beyond focusing a critical eye on the economic dimensions of everyday life - wages, jobs, taxes, debts, interest rates, prices, and profits - the program also explores systemic solutions to our economy's problems including alternative ways to organize porduction and distribution of the goods and services we all depend on.

Democracy at Work is a non-profit 501(c)3 that advocates for worker cooperatives and democratic workplaces as a key path to a different, stronger, democratic economic system. Generous contributions made from subscribers like you make our work possible. Economic Update is a collaborative effort, brought to you each week by the hard work and dedication of a team of workers. Your subscriptions fees help cover the cost of salaries and production costs. We are truly grateful for your support.

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A Socialist Politician Wins

Jul 25, 2019

Depriving non-white students, fast food made worse for profit, Wayfair workers demand power, more scapegoating of immigrants, firms' promises of gain to workers from Trump 2017 tax cut proved false. Interview Lee Carter, elected socialist from 50th District to Virginia Legislature.

Economic Update: Socialism and Worker Co-ops

Jul 18, 2019

20th century socialism is now behind us. Socialists continued to evaluate both its achievements and failures via extensive self-criticism. A changed socialism has emerged, focused on a transition of workplaces from top-down hierarchical capitalist structures into democratic worker cooperatives. The powerful appeal of...

Economic Update: Worker Coops Rising

Jul 11, 2019

Updates on "regulatory capture" in the US vs EU, IMF report on the US economy today finds major negatives, and how Trump's desperation for re-election shapes his aggressive policies toward the Federal Reserve, China and Mexico. Interview with John Duda from the Democracy Collaborative and one of the founders of...

Economic Update: Is US Capitalism in Decline?

Jul 4, 2019

On this episode of Economic Update, Prof. Wolff presents updates on inequalities in pay for CEOs vs average workers; economics of mega-mergers; billionaires' idea of "charity;" economic consequences of attacking Huawei Corp; Bernie leads on two new bills in Congress to expand and provide loans to...

Economic Update: China's Economic Record and Strategy

Jun 27, 2019

As follow-up to earlier parallel program on the USSR, this program seeks to offer (1) an overview of China's economic development mostly over the last 25 years (GDP, real wages, etc.), and (2) its economic strategy: learning but also differing from Soviet strategy. Some historical context is also provided.