Economic Update with Richard D. Wolff

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.

On this week's Economic Update, Prof. Wolff provides updates on Basic economy airfares, Trump-May delusions, drop in US union membership, Trump's attacks on Mexico and TPP, elite colleges vs state schools. Major discussion of (1) what 'capitalism' means and (2) fake 'jobs' policies.

On this week's Economic Update, Prof. Wolff provides updates on Trump advisors, small fines for big corps, wages 1980-2015 by race, gender, and class, real poverty data, bits from Davos. Interview with two senior advisors on Bernie Sanders campaign.

On this week's Economic Update, Prof. Wolff provides updates on people forming coops in Detroit and Fridley, Minn; VW's guilty plea and Cuomo's fake numbers; real reason for repeal of Obamacare; highest paid execs in US. Interview with Dr. Kimberly Westcott on the history, economics, and social costs of the US prison system.

On this week's episode of Economic Update, Prof. Wolff provides updates on new French labor law, obesity economics, universal basic income, a mobile home coop, and Danish day care. Interview with Dr Harriet Fraad on emotional labor.

On this week's episode of Economic Update, Prof. Wolff provides updates on mistreated homeless, keeping millions from voting, 'I, Daniel Blake,' 3000 water systems like Flint, Trump's foreign employees, unequal retirement USA, Sen Whitehouse on anti-science. Major discussions of (1) economics of broken infrastructure, and (2) raising capital for worker coops.

On this week's episode of Economic Update, Prof. Wolff provides updates on politicians lying about economics, fines for big banks, Maine votes left, int students come less to US, Pebble Mine struggle, fading American dream. Major discussions of (1) Xmas spirit vs deporting immigrants, (2) the only way to rescue and rebuild the US "middle class" and (3) raising capital for worker coops.

On this week's Economic Update, Prof. Wolff provides updates on US defense spending, French vs US capitalism, Ikea's US paid family leave, Trump's economics. Interview with Prof. Kristin Lawler on escapisms from capitalist drudgery: fantasy vs progressive.

On this week's Economic Update, Prof. Wolff provides updates on Trump gutting estate tax; capitalist outrages; Trump appoints Wall Street billionaires; Green Party victory in Austria; big oil companies' desperation; Pope Francis on equality of opportunity; Portland, OR acts against inequality. Interview with Dr. Harriet Fraad on why women voted for Trump.

On this week's Economic Update, Prof. Wolff provides updates on Maggie's Farm, John Lewis coop in UK, Trudeau on Castro, economics of immigration, Deutschland Bank and Trump, fake arguments to cut corp tax rates. Major interview with David Barsamian of alternative radio.org.

On this week's Economic Update, Prof. Wolff provides updates on real corporate taxes, Canada's infrastructure maneuver, economics of real estate, foreign students leaving. Major discussions of economics of interest rate hikes and how the politics of beyond capitalism may work out.

On this episode of Economic Update, Prof. Wolff provides updates on big Texas worker coop, Audi deal to make cars in China, Pope's criticism of capitalism, Trump's Wall Streeters. Major discussions of Trump's economics and why Clintonomics and Reaganomics not so different.

On this week's episode of Economic Update, Prof. Wolff explains Trump. Interview about worker coops with Dario Azzellini.

On this week's episode of Economic Update, Prof. Wolff provides updates on Harvard's greed, corp megamergers, Germany outlaws GMOs, campaign fund-raising, Koch brothers fund Catholics fighting Pope's views, Portland, OR to tax high CEO pay, prison strikes, and foreign min wages. Interview Dr. Harriet Fraad, mental health counsellor: mental health implications of capitalist vs worker-coop enterprises.

On this week's Economic Update, Prof. Wolff provides updates on cutting vaccine costs, shameful Harvard economics, Icelandic women on strike, and corporate merger mania. Major discussions of US medical care shortcomings despite Obamacare, Harvard prof pays $2500 per ticket for Broadway show as proof markets are great, and how/why UPS drivers could convert it into a workers' coop.

On this week's Economic Update, Prof. Wolff provides updates on cutting funds for public higher education, Princeton avoids taxes, multinational corps get another tax break, a billionaire's yacht, and lessons of the strike at Jim Beam.