Economic Update with Richard D. Wolff

On this week's episode of Economic Update, Prof. Wolff provides updates on strike of Harvard workers, big food capitalists, Berlin fights gentrification, collapse of US malls, pain mess for unemployed. Interview with Prof. Teresa Ghilarducci expert on YS pension economics.

On this week's episode of Economic Update, Prof. Wolff provides updates on US workers' productivity rising while wages flat since 2009, US corps evading taxes, Gallup Poll on poor US job picture, wealth of billionaires enough, if redistributed, to change global economic conditions, rising corp debt problem. Major discussions of (1) ways and means of providing capital to worker coops, and (2) why technical "progress" excites capitalists and worries workers: the problem is capitalism.

On this week's episode of Economic Update, Prof. Wolff provides updates on Corbyn's victory in UK, Uber drivers unionize, state retirement systems sued for threatening pensions, hard facts about US medical insurance. Interview with Arlie Hochschild on new book Strangers in Their Own Land: Anger and Mourning on the American Right and why she believes "bridges" between progressives and Tea Party folks are very possible.

"Updates on top Corp leaders and top govt officials as tight partners, British wages and Brexit, Goldman Sachs. Interview Prof Michael Pelias on Long Island Univ lockout of faculty."

Updates on declining US incomes, parental leave policies, rising medical deductibles, social security dependence, officials who take big, corp jobs. Interview with Peter Ranis author of Cooperatives Against Capitalism.

On this week's episode of Economic Update, Prof. Wolff, provides updates on dark money, Mylan drug scandal, air lines concentrating, capitalism and poor countries (India, China). On Labor Day: key facts, struggles, and issues.

US income inequality vs rest of world, Europe exposes Apple Corp's tax evasion; TTP and TTIP face rising opposition; even Martin Wolf sees capitalism's contradiction with democracy. Interview with Prof Ian Seda on Puerto Rico's economic/colonial crisis.

On this week's episode of Economic Update, Prof. Wolff provides updates on universities, politicians, and grad student unions, Bill Gates obscene wealth, Harley-Davidson' illegal pollution and more. Analyses of capitalism's craziness: insufficient demand, unemployment's wastes, state subsidies for all systems.

DESCRIPTION: Updates on Olympic economics, mass transit, productivity truths, labor weakness and political parties, golden parachutes, Tim Cook's thin 'patriotism," PG&E's crimes, the rich vs unions in politics.

"Updates on Macy's closing 141 stores, Clinton campaign economics, age and pensions, corruptions of think tanks. Detailed economics of worker coops."

On this week's episode of Economic Update, Prof. Wolff provides updates on more VW sleaze, Irish bankers to jail, US public pension economics, Yale worker wins back job, Yale exposed. Interview with Dr. Harriet Fraad on post-1970s profit-driven US economy badly damaged intimate life.

Updates on more VW sleaze, Irish bankers to jail, US public pension economics, Yale worker wins back job, Yale exposed. Interview with Dr. Harriet Fraad on how post-1970s profit-driven US economy badly damaged intimate life

On this week's Economic Update, Prof. Wolff provides updates on India's inequality, Philly's poverty behind DNC front, new initiatives from unions, Starbuck's profiteering, gutting federal estate tax. Interview with Adam Hochschild on economic crisis, fascism, Spain's civil war.

On this week's episode of Economic Update, Prof. Wolff provides updates on platform contradictions, the VW scandal, CEOs pay explosion, Italian banks crisis, scary US auto loans. Major discussions: economics of lotteries, when profit decides who gets mortgages, and why 21st century socialism makes worker cooperatives the basic production institution.

On this week's episode of Economic Update, Prof. Wolff discusses "leaders" exposed by crises: Johnson in UK, Dimon in US. Stagnant incomes for most. Interview with Rob Robinson on conditions and prospects of African-Americans.

On this week's episode of Economic Update, Prof. Wolff provides updates on minimum wage raises, economics of prisons, evidence that notions of "economic recovery" are myths for most of world. Interview with Dr Harriet Fraad on why Orlando's tragic shooting happened.

On this week's episode of Economic Update, Prof. Wolff provides updates on new Puerto Rico deal, French street battles, German leaders' need humility, fake Cleveland revitalization, selling out national parks. Major analysis of Brexit in changing world economy.

On this week's episode of Economic Update, Prof. Wolff provides updates on victories (1) over US sugar industry and (2) in reducing Sweden's 40-hour workweek to 30 hours with no pay cut. Major analyses of jobs moving south, legal fight over tax exemption for religions, corporate bailouts in Michigan, excess Corp borrowing, and capitalist technology serving profits not people.

On this week's Economic Update, Prof. Wolff provides updates on CEO pay, new book on inequality, US estate and inheritance taxes. Interview with Alan Schulman, coordinator Democracy at Work New York City.

On this week's episode of Economic Update, Prof. Wolff provides updates on new book "Coming of Age in the Other America," new research shows superiority of worker coops over capitalist enterprises, negative results of profit-driven enterprises, "America" replaces Budweiser. Interview with Betsy Avila, digital organizer of local groups for social change.

On this week' episode of Economic Update, Prof. Wolff. provides updates on fossil-fuel divestment, Zika virus economics, product recalls , and payday loan scandal. Interview with environmentalist lawyer/activist Carol Dansereau.

On this week's Economic Update, Prof. Wolff provides updates on car companies buying ride-share companies, Pope's latest, evidence against Prof. Krugman's rosy view of inequality. Major discussions of (1) why markets need not undermine worker-coop based economy and (2) European leaders' failed policies on Greece.

On this week's episode of Economic Update, Prof. Wolff provides updates on Alabama convicts strike against slavery, Greece's victimization, TTIP exposed, and taxing Yale. Interview with Joan Berezin and Kip Waldo on revolutionary change.

In this week's episode of Economic Update, Prof. Wolff provides updates on "carry interest tax loophole," Miami's Marlin Park and state subsidies for business, negative interest rates, and banks' "bail-in" versus "bail-out." Interview reporter Bob Hennelly about false economic recovery, dissolving society, and real journalism.

On this week's episode of Economic Update, Prof. Wolff provides updates on rich tax evaders, Takata airbags, equalized wealth data, money in Chicago politics. Major discussions of corporate food scandals, govt fiscal "crises" and why build worker coop sectors.

On this week's episode of Economic Update, Prof. Wolff provides updates on slow US economy, money drives Yale, Chobani workers get profits, more car corps scandal, and Christian/Marxist dialogue. Interview with anti-poverty activist Rob Robinson. #Chobani

On this week's episode of Economic Update, Prof. Wolff provides updates on pay of CEO's that fight $15/ he for workers, workers who get public assistance, facts on taxes paid and evaded, Mitsubishi like VW. Major discussion on economics of gentrification.

On this week's episode of Economic Update, Prof. Wolff provides updates on IMF, Panama Papers and tax evasion, workers fighting back. Major discussions of economics of prisons and sugar babies and of how worker coops might have changed the USSR and China.

On this week's episode of Economic Update, Prof. Wolff provides updates on tax issues: Panama Papers, corp tax rates, tax-avoiding "inversions" and Yale's tax avoidance. Part 2 of interview with Dr. Harriet Fraad: capitalist efficiency produces human inefficiency and what to do about it.

On this week's episode of Economic Update, Prof. Wolff provides updates on China's rising wages, lethal overdoses and economic crisis, courts worsen Puerto Rico's crisis, moving jobs to Mexico, and Florida governor tries to help Yale evade taxes. Major discussions of minimum wage debates, workers without college degrees, and workers coops as key to doing better than capitalism.

On this week's episode of Economic Update, Prof. Wolff provides updates on top bankers' pay, bad auto corps' decisions, deflation, and socialist economics. Interview with Dr Harriet Fraad on capitalism and personal life.

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.

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.

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.

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.

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.

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.).

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."

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.

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.

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.

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.

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?"

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).

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.

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.

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.

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.

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.

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.