Economic Update with Richard D. Wolff

Updates on problems and solutions for workplace discrimination, China's ascending economy, capitalism's drive to income and wealth inequalities, economics of immigration's winners and losers, US capitalism and African-Americans. Interview with co-author Prof. Richard McIntyre on new book: Knowledge, Class and Economics: Marxism Without Guarantees.

Updates on UN report on poverty in the US, oreos produced in Mexico, US households with zero or negative net worth, Germany's negative utility prices, Germany's bold labor strikes, Iceland law on equal pay for equal work, the myth of US economic "recovery," and Canada's Tim Horton sabotages rising minimum wage. Interview with Dr. Harriet Fraad on US opioid epidemic: psychology and capitalism.

Updates on net neutrality, workplace sexual harassment, bitcoin, worsening global inequality, Europe's recovery and instability, and using prison labor to fight fires. Major discussions of consumerism, gathering revolt against capitalism, and the economics of alternative populisms.

Updates on Economic Threats: Corbyn vs Morgan Stanley, cars for super-rich, information vs profit, Fed chair Powell's over-reach, why regulations are never enough, and corporate criminality. Interview with David Jette about public vs private banking.

Updates on UK company's parental leave policies, Citibank fined for abusing student borrowers, US tobacco companies air self-critical ads, Bezos' obscene wealth, and ideological attack on US higher education. Major topic discussions: Marxian economics and UK Labor Party policy initiatives.

Updates on other countries undercut US tax changes, US graduate students: fewer and taxed more, "recovery" myth vs foreclosure stats, Valve Corp: worker coops better for innovation, 2017 Nobel Peace Prize snubbed, Starbucks: not really worker-friendly. Interview with Dr. Harriet Fraad on revolt against sexual abuse.

Updates on Uber's corrupt profiteering, sugar producers immoral cancer research, Trump's personal business, neglecting New York subways, UK's historic wage decline, and Norway's sovereign wealth fund. Interview with economist Stephanie Kelton, adviser to Bernie Sanders.

Updates on corrupt Congressional "tax reform," giant corporations' abuse of power, GE CEO wastes millions, corporate structure and sexual harassment/abuse, Detroit's fake "renaissance," dying US malls, unaffordable rents expose fake economic "recovery," and pharma giant Astra-Zeneca shows how capitalism endangers health. Interview of author and broadcaster Laura Flanders on mass media changes in today's capitalism.

Updates on Maine's progressive economic changes, US Senate documents how the very rich abuse the estate tax, Nestle profits as nearby Flint's water still polluted, poverty and 'social exclusion' in Greece and Europe, Trump/GOP cuts health programs, US profits rise as wage share falls. Major discussions: (1) economics of migration and (2) economics of coalitions between labor unions and worker coops.

Updates on critique of Uber and gig economy; WI Sen Johnson endorses inequality; Norway to pay male and female athletes same; corporations buy back their own shares; deaths of overworked Japanese; 10% NY school kids homeless; and majority of major US corporations already pay much below official 35% tax rate. Major discussion of changing economics of socialism.

Updates on mostly low-paid service jobs in US future, Senate deregulates banks, college spending per student reinforces income inequality, US loneliness a factor in illnesses and premature death, Univ of Chicago grad students unionize, Brazilian civil and religious authorities push almost-rotten food for the poor, and costs of pollution. Interview Dr. Harriet Fraad on psychology and economics of sex work industry.

Updates on privatized probation, New Zealand rejects austerity, electricity cutoffs refute "recovery," declining medical insurance, neo-liberalism attacked, rich funders of fake 'public interest groups.' Interview with two professors (Umberto Lorenzo and Richard McIntyre) on Cuba's socialist economy changing toward worker coops.

Updates on passage of CA Disclose Act; Monarch Airlines fails; Equifax, Yahoo, and Johnson & Johnson are untrustworthy US corporations, 2 Sisters Food Group is the same in UK, Washington sues big pharma corporations for contributing to opioid crisis; and socially destructive corporate behavior. Interview with Emma Yorra, specialist in the development of worker coops, Sunset Park, Brooklyn.

Updates on economic costs/benefits of refugees, rise of BRICS nations in world economy (vs US decline), closing and privatization of US public libraries, size of slavery and forced child labor in world economy now, and how the "gig" economy is just another effort to profit by lengthening the working day. Major discussion: what the historical transition to capitalism suggests about transition from capitalism to a worker-coop-based economic system.

Updates on Trump/GOP tax plan, Americans having "trouble paying bills," post-1989 Russia more unequal than USSR, Eastern now colony of Western Europe, targeting finance vs entire system, closing rural US hospitals, Puerto Rico as US colony. Interview Dr. Harriet Fraad on economics, psychology and mass murders.

Updates on closing 6,400 retail stores in 2017, decline in US housing starts, 800 major corporations oppose Trump on DACA, US child poverty rates, US to rely on banks' "self-reporting" of their misdeeds, and significance of California Disclose Act. Interview investigative journalist Bob Hennelly on Local 3 strike in New York and its importance to the US labor movement today.

Updates on major capitalist failures, buying senators on health care, opioid addiction's effects on insurance and on labor force participation, price gouging in emergencies, and US income inequality. Major discussion on 100th anniversary of Russian Revolution in 1917: lessons of USSR economic history for 21st century socialism.

Updates on capitalism and hurricanes, the business of drug addiction and overdose, with poverty, hookworm too returns to America, and the economics of elite universities' tax avoidance. Interview with Chris Hedges on a declining, decaying capitalism.

Updates on Wonderwoman, Archbishop's critique of UK economic system, a US Labor Day comment, McDonald's workers strike in UK, economics of hurricanes, and economics of the Trump/GOP tax cut "reform." Interview Dr. Harriet Fraad: the capitalist system's impacts on health - from stress to death - are mostly unacknowledged or taken account of in its key decisions.

Updates on US working conditions 2017, looming US recession and plans for negative interest rates, schools raise funds by shaming poor school children, and the economics of fascism. Major discussion: why FDR's New Deal (successful trickle up economics) was not repeated after 2008 (unsuccessful trickle down economics). Consequences of post-1945 destruction of coalition that produced New Deal.

Updates on Trump vs Amazon over taxes, Americans dying younger, Monsanto profits at farmers' expense, and economics of homeless school children. SPECIAL GUEST: Activist Ron Robinson on US water crisis.

Updates on how millennials have fallen behind their parents in income wealth, etc., on poor medical outcomes in US despite paying most for health (especially drugs), deepening scandals of German car corps, and why a Chinese t-shirt-maker investment in Arkansas teaches frightening economic lessons. Interview with Prof Michael Hudson on "Junk Economics."

Updates on how golf courses are economically undemocratic, how US drug corps block much cheaper medicine imports, why US corps neither need nor deserve tax cuts, how Monsanto bought academic research to keep dangerous "Roundup" on the market, and the economics and politics of scapegoating immigrants in the US and Germany. Interview with Joerg Rieger and Rosemarie Henkel-Rieger on their combination of faith and advocating for labor to undo inequality in the US.

Updates on Russia sanctions, medical companies' failures, cable company monopolies, CEO pay, battling Marxian economics in Utah. Major discussion of economics of socialism.

Updates on United Airlines' profits from customer abuse; bankster blames government; China's rapid economic growth; and worker coop news from Greece, New York, and Massachusetts. Interview with economics professor John Summa on big problems in economics teaching.

Updates on dueling health bills, cutting min wages, Pope on labor unions, Seattle taxes the rich. Major discussions of G-20 "leaders ", Detroit's "revival", beer company goes to worker ownership and directorship.

Updates on car loans, sales showing falsity of "recovery" claims, airline profits vs service, the G-20 meetings coordinate global austerity, July 4 and capitalism, and the misleading debate over raising minimum wages and losing jobs. Interview with Dr. Harriet Fraad on connections among addictions, capitalism and 12-step programs.

Updates on European sanctuary cities, McDonald's automation, Travis Kalanic, and ritzy restaurant rips off workers. Interview with anti-poverty activist Rob Robinson.

Updates on declining Cal State Univ system, Trump vs coal industry realities, Hudson Yards for mega-rich vs New York's social needs, lotteries' and legalized pot's same economic motives. Major discussions: politics and economic betrayal, revenge; Trump's new austerity budget; why worker coops deserve govt supports; and worker coops and democracy.

Updates on Oklahoma cuts funds for public schools, why Americans dont take paid vacations owed them, how coal/oil companies fight solar/wind companies to buy politicians that decide what energy system we must live with. Interview with Lisa E Davis, author of "Undercover Girl" about undoing the New Deal, FBI paid informers and destruction of the CPUSA.

Updates on California, Nevada steps toward universal medical insurance, Toronto housing bubble, Air Traffic Controllers and the privatization issue, US, Mexico fight over non-free market in sugar, Illinois credit decline. Interview with Dr. Harriet Fraad on human nature.

On this week's show, Prof. Wolff presents updates on big banks fix rates, IRS checks on churches, CEOs' pay rises fastest to worsen US inequality. On the second half of the show, major discussions: blaming the poor for poverty and over-crediting the super rich; how superrich oil countries and companies control modern economies; and how Trump's attacks on Germany are more "fake news."

On this week's show, Prof. Wolff talks about Trump's 2018 budget, Ford's undemocratic decisions, US opioid epidemic, Swiss vote to end nuclear power, Harley-Davidson moving jobs overseas, Canada outlaws overbooking seats on planes. On the second half of the show, Prof. Wolff interviews John Curl, author and coop worker, on importance of worker coops.

On this episode of Economic Update, Prof. Wolff discusses Yale grad students hunger strike for a union, US raising interest rates on student loans, 2 new Senate bills on worker ownership of enterprises, and some economic dimensions of Mother's Day. On the second half of the show, Prof. Wolff talks with French political activist, Antonin Plarier, on the meaning of the French presidential election.

On this week's show, Prof. Richard Wolff presents updates on Australian government taxes, big banks funding of Dakota Access Pipeline, meaning of French elections, Trump/GOP's plan to end estate taxes, rising role of monopoly in US economy. Prof. Jessica Gordon Nembhard, historian of worker coops and African-American community, joins Prof. Wolff in the second half to talk about "why worker coops" make sense.

On this week's Economic Update, Prof. Wolff presents updates on French election's significance; Obama's $400,000 bank speaking fee; US corp tax cuts; Wells Fargo "saved" by Warren Buffett; why bringing home US corps' foreign profits just helps them. On the second half of the show, Prof. Wolff is joined by Dr. Harriet Fraad who talks about the contradictions of "family values" in the US economy.

This week, Prof. Richard Wolff presents updates on courts blocking Trumps attack on sanctuary cities, selling Whole Foods, Jack Ma and blaming technology for jobs collapse, falling department store jobs since 2000, British queen's enterprise award to UK worker coop, Suma. On the second half of the show, Prof. Wolff takes on Trump's corporate tax "reform," crisis as millions of new entrants into global job markets find too few jobs, SSDI crudely targeted by Trump budget director, populism as an elite-vs people formatting of elections.

On this week's episode of Economic Update, Prof. Richard Wolff presents updates on capitalism and Earth Day, Chinese movie industry overtakes Hollywood, small businesses use cooperatives to compete better with big business. On the second half of the show, Prof. Wolff is joined by Richard Bartlett, cofounder of Loomio, powerful software worker-coop facilitating collective decision-making.

On this week's Economic Update, Prof. Wolff talks about the United Airlines flier abuse, Cuomo's flawed tuition plan, what to do as self-drive vehicles end millions of jobs, how big investors plan to cash in on Trump infrastructure plans. On the second half of the show, Prof. Wolff is joined by special guest Frank R. Annunziato who will discuss the tragedy of US labor unions today, why that tragedy happened, and how to reverse it.

On this week's Economic Update, Prof. Richard Wolff presents updates on Citibank says it favors the rich, French presidential elections, US college admissions favor the rich, injustice of US property tax system. In the second half of the show, Prof. Wolff is joined by Dr. Harriet Fraad who will talk about the economic and psychological causes of Trump's election and Trump's performance to date.

On this week's Economic Update, Prof. Richard Wolff presents updates on major troubles (Brexit, Trump, etc.), student debt penalty, New York billionaires ask to be taxed, Trump's job fantasies, Seattle's official renters commission, age discrimination. The second half of the show is dedicated to major discussions on (1) the economics of immigration, and (2) how worker coops differ from capitalist corporations on where and how to produce.

On this week's Economic Update, Prof. Wolff provides updates on Puerto Rico, slave labor in the cocoa fields, worsening UK inequality, leaders imposing austerity on others, Canada's Girl Guides among tourists to shun US. Major discussions: rising US wage inequality; connection and opposition between capitalism and democracy; key differences between capitalist and worker-coop enterprises.

On this week's Economic Update, Prof. Wolff provides updates on FED and interest rates, new US and China inequality data, BLS on wage stagnation, Ford and GM build factories in China, more Big bankers join Trump. Interview with Walter South on US housing crisis.

On this week's Economic Update, Prof. Wolff provides updates on Caterpillar tax evasion, Obamacare, slave labor for immigrants, Harvard and slavery, billionaires, Puerto Rico, and Greece. Major discussion: questions about capitalism.

On this week's episode of Economic Update, Prof. Wolff provides updates on Takata airbags and auto company misdeeds, Trump's defense spending, deepening inequality, why capitalism provokes govt "mandates." Interview Dr. Harriet Fraad on economics, psychology, and injustices of US women doing paid labor.

On this week's Economic Update, Prof. Wolff provides updates on the exploitation of adjuncts that weakens US higher education and on US's extreme wealth inequality. Major discussion of the three main economic theories (neoclassical, Keynesian, and Marxian) clashing in today's world.

On this week's Economic Update, Prof. Wolff provides updates on stock market bounce, Swiss voters stop corporate tax giveaway, why public are better than private schools, billionaires party hard. Prof. Wolff interviews investigative reporter Bob Hennelly on immigration and more.

On this week's Economic Update, Prof. Wolff provides updates on Vermont brewery goes worker coop, profitability proves nothing, Trump knocks "fiduciary rule," immigration reduces crime, Pelosi endorses capitalism. Major discussions of applying Hegel on masters/slaves to employers/employees and contrasting FDR to Trump.

On this week's Economic Update, Prof. Wolff provides updates on NFL's income redistribution, big bucks for Starbucks CEO, US health data, pension benefits cut, Goldman Sachs in Trump's govt. Interview of Dr Harriet Fraad on women's movement economics.