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Economic Update – Capitalism vs Democratic Socialism – 10.25.15

Updates on monster merger in beer, buying the US presidency, homeless in Hawaii, Canada’s election results. Response to listener’s question on relation of individualism to capitalism and socialism. Major discussion of history of socialism vs capitalism with focus on specific place of democratic socialism.

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Economic Update – Meanings of Class – 10.04.15

Updates on Swedish plan for peaceful transition beyond capitalism, ripoffs in car insurance, Ferguson, MO credit downgrade. Response to listeners on the CA drought and on best solution for corporate abuses like VW’s. Major discussions of (1) what class means and what is at stake in different meanings, and (2) guaranteed income vs guaranteed jobs.

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Economic Update – Precarious Work = Capitalism’s Inefficiency – 09.13.15

Updates on economics of refugees, Ford buys French political wife, LAs homeless, Labor Day history, Seattle Teachers strike, and Japan’s jobs ever more precarious. Response to listeners on why rising wages need NOT mean rising prices. Interview with Dr. Harriet Fraad, mental health counselor, on the psychological pains, personal suffering, and huge social costs of imposing uncertainty and precarity on job security, hours and days of work, benefits, and wages.

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Economic Update – When Profits Come First – 09.06.15

“Updates on extreme poverty, workers’ victory over tech giants, NFL concussions, Trump’s economics analyzed, and Oakland for worker coops. Response to listeners on workers who lost out from 2007-2014 and on injustice of state and local taxes. Major discussions of (1) last week’s stock market gyrations and (2) the resurgence of socialism.”

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Economic Update – System Toxicity – 08.16.15

Updates on China’s currency moves, UK’S Corbyn like US Sanders, adjuncts unionize, Pepsi and Coke offer self-serving health advice, Rand Paul’s misunderstanding of economics. We answer questions about what happened to US real wages from 1974 to 2014. We analyze why no consensus about global warming, what are toxic effects of rising inequality, and role of psychologists in advertising.

richard-wolff

Economic Update – Capitalism’s Endless Costs – 07.26.15

Updates on Coke vs Pepsi war, price gouging on cancer drugs, Corwyn good for UK Labor Party, and new Pope’s strong anti-capitalist speeches. We respond to listeners’ questions on guaranteed basic income and on why public employees are not an economic negative. Major attention is given to supporting countries that refuse to pay certain govt debts and especially to Greece in a review of is dramatic recent struggles.