Economic Update with Richard D. Wolff

NOTE TO SUBSCRIBERS: Despite the multiple setbacks we have experienced over the last several months in our efforts to continue producing and releasing Economic Update here on YouTube, we are very excited to announce the return of Economic Update to YouTube as of today. Over the next few days/weeks we will be releasing episodes of EU we were unable to share with our community of subscribers throughout the summer. You can find out more about why we were unable to deliver EU to you here on YouTube by going to our website: https://www.democracyatwork.info and signing up for our newsletter that is scheduled to resume weekly distribution next week. Remember to check back here regularly as we continue to resume delivering the content and work we enjoy sharing with you and the rest of the world. Thanks as always for your attention & support, The d@w Team ********************************************************************************* [ S13 E 28] ********************************************************************************* This week's show brings updates on unionization of Stanford University grad student workers, UPS's 350,000 workers vote and prepare for strike, 2.5 million public employees in Germany strike and win big wage gains, LA sees biggest hotel workers strike in 50 years, win big wage gains at LA's biggest hotel. Major discussion of markets' failures using 2 examples: (1) FDR replacing markets with government rationing in World War 2, and (2) using the market to distribute housing causes gentrification and homelessness. Short concluding discussion of the reform vs revolution debate.

NOTE TO SUBSCRIBERS: Despite the multiple setbacks we have experienced over the last several months in our efforts to continue producing and releasing Economic Update here on YouTube, we are very excited to announce the return of Economic Update to YouTube as of today. Over the next few days/weeks we will be releasing episodes of EU we were unable to share with our community of subscribers throughout the summer. You can find out more about why we were unable to deliver EU to you here on YouTube by going to our website: https://www.democracyatwork.info and signing up for our newsletter that is scheduled to resume weekly distribution next week. Remember to check back here regularly as we continue to resume delivering the content and work we enjoy sharing with you and the rest of the world. Thanks as always for your attention & support, The d@w Team ********************************************************************************* [ S13 E34] Profit & Inequality: Two Driving Forces of Capitalism ********************************************************************************* Updates on economists favoring rent control, leading global capitalists resent/resist US's China-bashing, urgent drug shortages in US and a public pharma industry. Major discussion of causes of rising US economic inequality since 1960s and its socially explosive political effects. Economic Update with Richard D. Wolff is a @democracyatwrk production. We make it a point to provide the show free of ads and rely on viewer support to continue doing so. You can support our work by joining our Patreon community: https://www.patreon.com/democracyatwork Every donation counts and helps us spread Prof. Wolff's message to a larger audience.

NOTE TO SUBSCRIBERS: Despite the multiple setbacks we have experienced over the last several months in our efforts to continue producing and releasing Economic Update here on YouTube, we are very excited to announce the return of Economic Update to YouTube as of today. Over the next few days/weeks we will be releasing episodes of EU we were unable to share with our community of subscribers throughout the summer. You can find out more about why we were unable to deliver EU to you here on YouTube by going to our website: https://www.democracyatwork.info and signing up for our newsletter that is scheduled to resume weekly distribution next week. Remember to check back here regularly as we continue to resume delivering the content and work we enjoy sharing with you and the rest of the world. Thanks as always for your attention & support, The d@w Team ********************************************************************************* [ S13 E 30] ********************************************************************************* This week's updates focus on Artificial Intelligence abused by employers as Profiteering Tool; racism in US universities, US-China economic competition, the progressivism of Tony Bennett. Interview with Ben Cohen, co-founder/former CEO of Ben and Jerry's Ice Cream on a capitalist's criticism of US capitalism.

THANK YOU FOR YOUR UNDERSTANDING, YOUR PATIENCE, YOUR KINDNESSES, CONCERNS, QUESTIONS, DEVOTION, YOUR SOLIDARITY & MOST IMPORTANTLY, THANK YOU FOR YOUR SUPPORT. IT HAS MEANT MORE THAN WE CAN SAY OVER THE PAST COUPLE OF MONTHS THAT WERE RIFE WITH TRIALS & TRIBULATION, BETRAYAL & HEARTACHE, BUT WE CONTINUE TO GET CLOSER TO WHERE WE WERE WITH EVERYDAY THANKS IN LARGE PART TO YOU, OUR FAMILY, OUR FRIENDS & THOSE WHO SUPPORT US STILL. If you haven't already, connect with us for the latest news from d@w by going to our website: https://www.democracyatwork.info There you will begin to see bits & pieces of the old @w as well as a few peeks into some of the exciting new things taking shape as a better version of d@w is on the horizon and we're sure you will enjoy. And don't forget to sign up for our newsletter so you won't miss any of the rollouts we have planned and here's a wink wink hint - Prof. Wolff's newest book is hitting the presses super soon and will be for sale before you know it. ************************************************************************** [EU S13 E25] Today's Class Struggles with Chris Hedges ************************************************************************** Updates on US small/medium businesses converting to worker coops, strikes at west coast ports and UPS, an employer uses fake priest to get workers' confessions for employers' use, Delaware allows businesses to vote in local elections (alongside individuals). Interview Chris Hedges on class struggles here and now. Economic Update with Richard D. Wolff is a @democracyatwrk production. We make it a point to provide the show free of ads and rely on viewer support to continue doing so. You can support our work by joining our Patreon community: https://www.patreon.com/democracyatwork Every donation counts and helps us spread Prof. Wolff's message to a larger audience. Also, a sincere apology for the continued spotty releases of Economic Update. We're ironing out the last remaining wrinkles and should be back(ish) by mid-August. Thank you all again, and we'll speak to you next week.

WE OWE YOU ALL AN APOLOGY WE OWE YOU ALL AN EXPLANATION WE OWE YOU ALL OUR DEEPEST SENSE OF GRATITUDE THANK YOU FOR YOUR SUPPORT, YOUR UNDERSTANDING, YOUR PATIENCE, YOUR KINDNESSES, YOUR CONCERNS, YOUR QUESTIONS, YOUR DEVOTION, YOUR SOLIDARITY & MOST IMPORTANTLY, THANK YOU FOR YOUR SUPPORT. IT HAS MEANT MORE THAN WE CAN SAY HERE OVER THE PAST TWO MONTHS OF TRIALS, TRIBULATION AND NOW, THE TRIUMPH TO COME. Please stay connected with us for the latest news from d@w and stay tuned as well as Prof. Wolff explains what's been happening with d@w and the exciting changes to come that we're sure you will enjoy. Sign up for our newsletter for more info and updates as we roll out the next chapter of d@w. https://www.democracyatwork.info/sign_up ************************************************************************** [EU S13 E24] Capitalism's Costly Contradictions ************************************************************************** Updates on real US unemployment problem; Congress betrays students on student debt issue; huge majorities polled support US teachers, increased teachers pay, teachers' freedoms to teach about race, and teachers' power vs boards of education and state governors, importance of ILWU strike shutting down west coast seaports. Major discussions of capitalism's contradictions around (1) capitalists forever "saving on labor costs,"and (2) capitalists celebrating self-correcting markets." Economic Update with Richard D. Wolff is a @democracyatwrk production. We make it a point to provide the show free of ads and rely on viewer support to continue doing so. You can support our work by joining our Patreon community: https://www.patreon.com/democracyatwork Every donation counts and helps us spread Prof. Wolff's message to a larger audience. A special thank you to our devoted donor community whose contributions make this show possible each week. **************************************************************************** SUBSCRIBE: EU Podcast | Apple Podcasts | Google Podcasts | Spotify | iHeartRADIO SUPPORT: Join our Patreon community at https://www.patreon.com/democracyatwork or donate on our website at https://www.democracyatwork.info/donate Follow us ONLINE: Facebook: https://www.facebook.com/EconomicUpdate https://www.facebook.com/RichardDWolff https://www.facebook.com/DemocracyatWrk Twitter: https://www.twitter.com/profwolff https://www.twitter.com/democracyatwrk Instagram: https://www.instagram.com/democracyatwrk https://www.instagram.com/profrickwolff Shop our CO-OP made MERCH: https://democracy-at-work-shop.myshop... **************************************************************************** Check out the Hardcover edition of "Understanding Marxism," by Professor Richard Wolff at: https://www.lulu.com/ "Marxism always was the critical shadow of capitalism. Their interactions changed them both. Now Marxism is once again stepping into the light as capitalism shakes from its own excesses and confronts decline."

Yanis Varoufakis, elected member Greek parliament, joins Prof. Wolff on this week's show and offers his original, critical perspectives on (1) the banking crisis, (2) the decline of the US empire and US capitalism, (3) the mass uprisings of the French and Greek working classes in Europe, (4) the collapse of Europe's efforts to shape an independent (from the US and China) economic position, and (5) class struggle inside China.

Four key changes drive a new world economy emerging from the old. First is capitalism's transition from neoliberal, globalizing to nationalistic capitalism. This includes the shift of capitalism's center from western Europe and the US to Asia and the global south and also includes the deepening economic inequality inside most nations. Second is the end of the stale, old debate between private and state capitalism (misnamed as capitalism vs socialism) in favor of private + state capitalism hybrids. Third is the post-peak decline of the US empire. Fourth is the urgent question of what comes next: a new empire, a multipolar world, or a new post-capitalist system that replaces employer-employee workplace organizations (private and public) with democratically run worker cooperative organizations. Economic Update with Richard D. Wolff is a d@w production. We make it a point to provide the show free of ads. Please consider supporting our work.

In this week's show, Prof. Wolff discusses US deaths from Covid, poverty in the US labor force, US and Canada cooperate against immigrants, US warfare vs China's peacemaking, Amazon profits from cutting back on "free" shipping. In the second half of the show, Wolff interviews Dr. William Bronston, advocate for single-payer health care in the US. Economic Update with Richard D. Wolff is a d@w production. We make it a point to provide the show free of ads. Please consider supporting our work.

In this week's Economic Update, Prof. Wolff presents updates on the failures of GOP and Democrats to face or solve major crises; layoffs and stock buybacks by US hi-tech companies; a new study of "food insecurity" in LA county. The second half of the show is dedicated to a discussion of how US history of the 1920s and 1930s shows the possibility of a progressive political shift and upsurge in the US today. Economic Update with Richard D. Wolff is a d@w production. We make it a point to provide the show free of ads. Please consider supporting our work.

In this week's Economic Update, Prof. Wolff discusses the history and diversity of Marxist theories and practices that comprise the Marxist tradition. Wolff also explores why Marxism draws renewed interest globally now. Finally, a detailed examination shows how some basic insights from Marx's work are especially relevant to victims and critics of today's capitalism and especially to those who seek transition to another, better system. Economic Update with Richard D. Wolff is a d@w production. We make it a point to provide the show free of ads. Please consider supporting our work.

In this week's show, Prof. Wolff presents updates on the US banking crisis, plant closing injustice, growing child labor in the US, Biden's budget's tax "proposals," and a new book that shows US homelessness is an economic problem. In the second half of the show, Wolff interviews Prof. Robert Ovetz on how and why the US Constitution blocks social change. Economic Update is a Democracy at Work production, made possible by audience donations. Consider supporting us on Patreon.

This week, Professor Wolff interviews Prof. Clara Mattei on her new book "Capital Order: How Economists Invented Austerity and Paved the Way to Fascism."

In this week's show, Prof. Wolff focuses on the struggle over Social Security- real versus false alternatives- and the East Palestine, Ohio, derailment tragedy. In the second half of the show, Wolff interviews Alexis Colon about the colonial status of Puerto Rico and Puerto Ricans fighting against it.

In this week's show, Prof. Wolff presents updates on dying empires and climate crisis; mass shootings; fast-food mega-corps fund referendum to slow California plan to raise fast food workers wages and working conditions, and why the debt ceiling debate in Congress is a phony GOP-Dem political theater. In the second half of the show, Wolff interviews Aaron Mate, independent US media critic with special expertise on Russia.

In this week's show, Prof. Wolff presents a critique of monopoly and oligopoly; past efforts and success in popular control over mega-corporations - in US and abroad; the fight back by mega-corporations to nullify reforms and regulations. Finally, some real solutions to the social problem and costs of an economy dominated by mega-corporations.

In this week's show, Prof. Wolff presents updates on India's extreme inequality and its lesson, employers squeeze employees with "non-compete" job contracts, and how the profit motive distorts the concept of insurance. In the second half of the show, Wolff interviews Dr Stephen Bezruchka on how deeply and globally inequality endangers health with special attention to the US and Covid-19.

In this week's show, Prof. Wolff shares updates on Starbucks union growth; Texas journalists and Yale graduate students/employees unionize, strike, win; Western Mass Labor Federation denounces Biden's denial of railway workers' right to strike; two major kinds of US tax injustice: (1) exempting bonds and stocks from property tax when 10% richest own 80% of stocks and bonds, and (2) failing to levy excess profits tax on war profiteers as UK and Portugal have already done. In the second half of the show, Wolff interviews Notre Dame Professor Emeritus David F. Ruccio on Marxian economics, its absence from US universities, and its social insights. Economic Update with Richard D. Wolff is a @democracyatwrk production. We make it a point to provide the show free of ads. Please consider supporting our work. Join our Patreon community: https://www.patreon.com/democracyatwork and help us spread Prof. Wolff's message to a larger audience. Every donation counts!

In this week's show, Prof. Wolff identifies and examines the larger economic dimensions and trends of three key aspects of today's global economy: Russia/Ukraine war, Europe's quandary, and the decline of the US empire. Attention focuses on the immense direct and indirect costs of the war in Ukraine; on Europe's desperate position and choices caught between the US and China blocs in the world economy; and on how the US empire is responding to its decline in the world economy. Our approach is to stress what so many others deny or minimize. The risk of war and lessons of the past decline of empires figure prominently in the analysis.

In this week's show, Prof. Wolff explains why capitalism does not deserve credit for improved living conditions, Home Depot billionaire blames US capitalism's problems on US workers being "lazy, fat, and stupid," Southwest Airlines as example of failures by both corporations and their gov't "regulators," George Santos as creature of capitalist advertising. In the second half of the show, Wolff interviews Chris Hedges on the crisis of corporate America in 2023.

In this week's show, Prof. Wolff discusses US spending for war in Ukraine paid for by higher interest rates and inflation hurting middle and small businesses ; a rational transport system is NOT electric cars; an appreciation of the "degrowth" impulse with a critique of the degrowth movement's focus on individuals' consumerism and excess consumption.

In this week's Economic Update, Prof. Wolff presents updates on the French School of Economic Warfare and sanctions against Russia; how asset price declines threaten US pensions, electric replace fossil fuel private cars because of profit motive, instead of for a rational transportation policy; US police in elementary schools: bad for students, parents, teachers and even police; honoring Staughton Lynd, US radical academic and labor organizer who died on 11/18/22. In the second half of the show, Wolff interviews Adam Hochschild, author of "American Midnight" how 1917-1921 was a US rehearsal for a parallel right-wing surge of recent years.

The year 2022 produced a daunting, long list of serious problems associated with the economy (inflation, rising interest rates, stock market decline, deterioration of the environment, war, labor uprising, etc.). More than ever, the victims and critics of the problems of 2022 identified them as symptoms of a systemic problem, namely the capitalist system. On the one hand, capitalism is working as it always has, but that is now a problem. At its center capitalism prioritizes profit and profit maximization and we show how they are the core causes of the system's dysfunction now for all but a tiny minority at its top.

In this week's Economic Update, Prof. Wolff discusses explosive labor militancy across 2022 in US and UK, Wells Fargo bank again fined for illegal practices on 16 million bank customers, US-Russia economic warfare undercuts European economies whose response will likely shape Ukraine War's results. In the second half, Wolff interviews journalist Bob Hennelly on the rising US labor movement.

This week's show is dedicated to a discussion of the signs of US capitalism's decline. US history as the passage of US capitalism from its birth, through its state-supported growth and expansion, to its global peaking from 1945 to 2000. Wolff presents the causes of its ongoing decline this 21st century, and then offers a conclusion on the right, center and left political responses to decline.

This is a REPEAT episode. In this week's show, Prof Wolff talks about the social effects of inflation and the lack of accountability on the part of employers. Capitalist employers set prices with the only motive of maximizing. Employees, the vast majority, must live with inflation but are excluded from decisions setting prices. Employers scream labor shortage to get the government to force workers back to work at low wages. Employers recover from economic crashes but undercut workers efforts to do the same. How capitalism works.

In this week's Economic Update, Prof. Wolff presents updates on the Twitter-Musk scandals, critique of profit as return to risk, mass European union-led strikes against inflation, economic crisis of 54 poorest nations today, US General Assembly vote against US embargo (sanctions) against Cuba, and an analysis of crypto-currency collapse.

In this week's show, Prof. Wolff discusses the massive strike of Canadian public employees; economics of the unemployed; business owners,executives and lawyers dominate US state legislatures; and how rising interest rates push the most vulnerable to the margins of US capitalism. In the second half of the show, Wolff interviews Anand Giridharadas on his new book, The Persuaders.

Join d@w for virtual event Marxism For This Moment: A Conversation with Richard Wolff & David Harvey on Friday, November 18th at 1pm ET (New York, UTC-4). Buy your tickets here: https://www.democracyatwork.info/marxism_for_this_moment_richard_wolff_david_harvey **If you cannot make the live event but want to support d@w, consider purchasing a ticket anyway and we will send you access to the event recording. In this week's show, Prof. Wolff presents updates on students' solidarity with workers at Smith College; US car industry manipulates supply/demand to inflate prices, profits; Teamsters strike, solidarity defeat Sysco Systems; Starbucks provokes its 250 unionized stores, and why rising wages do not "cause" inflation. In the second half of the show, Wolff interviews Prof. William I. Robinson on global capitalism and its multiple crises he calls "terminal."

In this week's show, Prof. Wolff talks about a new Congress report on huge US wealth inequality; Angela Merkel on relying on Russian oil and gas, the irrationality of 20,000 immigrants dumped on NYC, and Harvard exploiting its tax-exempt status. In the second half of the show, Wolff interviews Dr. Nomi Prins, former Goldman Sachs director, on the distorted US financial system and its social effects.

This week on Economic Update, Prof. Wolff shows how the economics of existing capitalist and socialist economies make use of both markets and planning. The opposition of markets and planning is largely false and has worked to distract students and observers of economic systems from better differentiations such as how they differently organize their workplaces: hierarchical in the case of capitalist, democratic in the case of worker cooperatives. Some major implications of this critique of the "planning versus market" obsession are discussed in relation to the US, Soviet Union, and China.

In this week's show, Prof. Wolff discusses US sanctions against Chinese semiconductor chip makers, OPEC+ cuts oil production by 2 million barrels per day boosting inflation, desperate UK conservatives abandon Brexit scapegoat to cozy up to Europe, and what US might do to solve "labor shortages." In the second half of the show, Wolff is joined by Ana Kasparian, host of The Young Turks," to talk about the media and today's US crisis.

In this week's show, Prof. Wolff discusses global capitalism's "perfect storm" (inflation + rising interest rates + reduced production = "stagflation"); 1000 SFO food workers strike and win; FedEx reinforces "stagflation" predictions, and hurricane Ian confirms system's failures to plan for predictable disasters to lessen their costs and impacts. In the second half of the show, Wolff interviews Nick Hayes of Means TV on how it has grown as an "anti-capitalist" Netflix.

In this week's show, Prof. Wolff presents a brief summary of last week's Part 1 as basis for analyzing how WW2 provoked the political independence struggles that changed colonialism into neo-colonialism; how and why political independence is not, by itself, a break from colonialism; why neocolonialism lasts into the present and positions a rich minority of each former colony as the ally, collaborator, and agent of continued entrapment of the former colony within global capitalism. Modern neocolonialism likewise positions a poor majority that seeks real economic independence alongside political independence. The politics of most countries in the world - who are mostly ex-colonies - is a deep class war between that neocolonial minority and its majority/adversary.

This week's show focuses on an analysis of capitalist colonialism that begins with the passing of Queen Elizabeth as a monument to the passing of the British Empire itself. Wolff discusses the differences between pre-capitalist and capitalist colonialism, the goals of capitalist colonialism, the development of a world economy, examples of India, US, and Kenya, the centrality of independence for ex-colonies, and neo-colonialism.

In this week's show, Prof. Wolff talks about the large strikes in Seattle (teachers) and Minnesota (nurses), the significance of Sweden's big vote for ex-Nazi party, and how anti-Russia sanctions cause US electricity prices to rise at twice the inflation rate. In the second half, Wolff interviews Leilani Farha, global campaigner for housing as a human right and against the financialization of housing.

This week on Economic Update, Prof. Wolff talks about the unionization drive among minor league professional baseball players, high poverty rates among US families working full-time year round, and the economics of discrimination against pregnant women. In the second half of the show, Wolff interviews Prof. George DeMartino on the harm done by the economics profession and why it denies doing so.

This week on Economic Update, Prof. Wolff talks about the prospects for a labor-union-worker co-op alliance; megacorp stock buybacks; why and how US/UK sanctions on Russia failed so far; the financial abuse of US retirees; and lastly, union popularity in US at 50-year high.

In this week's show, Prof. Wolff gives updates on China's changed global economic strategy, California's struggle over higher minimum wages, Boston Mayor siding with Starbucks' strikers, and "regulatory capture" issue again as Philip Morris hires top FDA tobacco scientist. In the second half of the show, Wolff interviews Rob Robinson, formerly homeless community organizer, on today's record homelessness despite decades of programs to "solve" the homelessness crisis. **Min 2:35 correction: China

This program covers the origins, evolution, and current significance of "communism." After a brief history of communism as a utopian ideal of community, we treat Marx's presentation in the Communist Manifesto, and then communism's subordination to "socialism" to World War 1. That War changed everything. It split socialists everywhere into a Socialist Party and a Communist Party with key differences but also commonalities. When most European communist parties collapsed, socialism once again became the only major systemic left position. Yet the utopian longings expressed by communism left many on the left dissatisfied with modern socialisms. They searched for a possible solution, a new kind of communism located in workplaces organized as democratic, worker-coop.

In this week's show, Prof. Wolff presents updates on record homelessness in New York City, rapidly rising US household debt as recession looms, Washington retreats from globalization to economic nationalism, and 2.2 million in US lacking running water. In the second half of the show, Wolff Interviews Dr. Harriet Fraad, mental health counselor, on capitalism's loneliness crisis.

In this week's show, Prof. Wolff defines recession and shows its relation to inflation and stagflation in their respective roles within capitalism's inherent instability. Rooted in the structure of capitalism, recessions represent both costly burdens on employers and employees alike and also strong incentives to question, challenge, and go beyond capitalism. The economics profession has been unable to end recessions despite centuries of trying. The profession often tries to hide the capitalist roots of recession instead. Wolff concludes with how system change might finally "solve" capitalism's intractable instability problem.

In this week's show, Prof. Wolff presents updates on successful unionization at Trader Joe's, lottery tickets as disguised regressive taxation, gasoline inflation brings record profits to big oil companies, and pharmaceutical industries' ad campaign to block gov't plan to buy medications in bulk and pass savings onto public. In the second half of the show, Wolff interviews Vijay Prashad on his new book with Noam Chomsky on the fragility of US global power.

In this week's show, Prof. Wolff gives updates on US freight workers strike preparations; progressives and labor targeting municipal government; Chipotle store-closing to stop unionizing, and Occupy Wall Street's "Debt Collective" $5.8 billion student loan forgiveness win. In the second half of the show, Prof. Wolff interviews Noam Chomsky on the decline and fragility of the US empire, the role of US military, and the rise of fascism as a coping mechanism.

In this week's show, Prof. Wolff presents updates on the decline/fall of Boris Johnson and the parallels with Trump; the Sri Lanka collapse and its lessons; Match Corp secretly funding sides in "culture wars" to keep customers, and the latest from UK's Conservative party. In the second half of the show, Wolff talks with Marianne Williamson on the basic social divisions of US politics.

In this week's show, Prof Wolff discusses the unionization efforts by post-doc medical researchers vote union, central bankers mislead on inflation, rising economic footprint and power of BRICS nations, and left victory in Colombia's elections. The second half of the show will feature discussions of the relevance of Marx's Labor Theory of value and the French political shift leftward with wide ramifications.

In this week's show, Prof. Wolff presents updates on SCOTUS decisions, on the chaos of a declining capitalism, French elections and a strongly resurging French left, and on the meaning of recent collapse of the cryptocurrency markets. In the second half of the show, Wolff interviews Eleanor Goldfield, Swedish-US media activist, on why and how Sweden is not socialist.

In this week's show, Prof Wolff discusses the replacement theory's grain of truth amidst its mostly ideological function: to save capitalism from criticism. He analyzes why US capitalists deprived so many white, male, Christian workers of their jobs, incomes, and social standing over recent decades and why that analysis was largely silenced by Cold War taboos since 1945. Were a new US left-labor alliance now to offer that critical-of-capitalism alternative, replacement theory's notion of a great conspiracy (largely by Democrats) to replace white, male, Christians with "others" would be far less socially influential.

This program examines the structure and functioning of the large capitalist corporation dominating modern economies. We discuss their basic economics and influence on politics. We criticize rationales for corporate profits such as "risks" and "entrepreneurship" and explore parallels between corporate structures and monarchies.

In this week's show, Prof. Wolff presents updates on US's groceries inflation; US teacher crisis; capitalists profiting from guns and protection from guns, UN report on global suffering from Ukraine war's and sanctions regimes' costs to world's people in terms of fuel, food, and interest rate inflations; and median New York City rent of $4,000/month make city housing increasingly unaffordable to most New Yorkers. In the second half of the show, Wolff is joined by Katie Halper: podcaster, writer, and filmmaker who talks about political decline in the US.

In this week's show, Prof. Wolff talks about the effect of Ukraine sanctions on inflation, Musk as economic dictator, Idaho progressives' impressive gains, and offers a practical response to shootings. In the second half of the show, Wolff interviews media host Krystal Ball on US politics.