Defenders of capitalism chose a poor definition because that made it much easier to defend capitalism. A much better, clearer definition was and is available. But it exposes capitalism to profound criticisms. Download Here
Economic Update – The FED’s Rigged Money Management
On this week’s show, Prof. Wolff discusses the following: the US is a poor place to raise kids according to a recent Forbes’ magazine article, the collapsing restaurant industry, eviction policy (France vs US), Bugatti cars for very rich kids, and Pfizer CEO wants big profits from Covid-19 vaccine. On the second half of the show, Prof. Wolff talks with …
Economic Update – Pandemic Capitalism: A View from Asia
On this week’s show, Prof. Wolff discusses corruption of public workers’ pensions, capitalist contracts displaced by legal fights, Canada’s COVID-19 record vs US, retail apocalypse deepens, and Bezos vs 50 homeless people in Pittsfield. On the second half of the show, Prof. Wolff interviews economist and former UN Assistant Secretary General, Jomo Kwame Sundaram. Download Here
Economic Update – Today’s Pandemic as a Crisis of Capitalism
On this week’s episode, Prof. Wolff presents the following updates: company cutting candybar size but keeping the same price, Barcelona punishes landlords with empty apartments, Macy’s closing stores while giving $millions bonuses to top executives, IMF anti-Covid-19 funds used instead to pay off private loans, health insurer profits because people cannot afford and fear doctor and hospital visits, Amazon profits …
Economic Update – The “Great Debate” that Wasn’t
Throughout capitalism’s history, the big topic in economics was how far the government should intervene in the economy. Conservatives wanted minimum intervention while liberals and socialists wanted much more. In fact, government intervention mostly aimed at saving, protecting, supporting capitalism. The genuinely “great debate” could and should have been about the strengths and weaknesses of capitalism versus those of a …
Economic Update – Sports and Capitalism
On this week’s show, Prof. Wolff presents updates on false “trade-off” between illness and economy, going from normal to extraordinary injustice, hypocritical scapegoating of foreigners instead of facing domestic public health and economic failures, and lastly, the tragic neglect of education during the pandemic and economic crash. On the second half of the show, Prof. Wolff is joined by Nation …
Economic Update – The Pandemic’s Lesson about Capitalism
Preparing and coping with the Corona pandemic was inadequate: medical supplies were seriously deficient. That was because it was not profitable for firms to produce or stockpile the supplies. Neo-liberal governments were complicit with private profit capitalists rather than compensating for their inadequacies. The lesson: many basic social needs are like public health. We cannot, need not, and should not …
Economic Update – Working Class Radicalism
On this week’s show, Prof. Wolff presents updates on why US record on Covid-19 so much worse than most others’; corp buys Trump; US billionaires got much richer during pandemic and 42 million lost jobs; sharp rise to 66,433 homeless in LA. The second part of the show features an interview with creative activist and journalist. Eleanor Goldfield on her …
Economic Update – Dark Times, Hard Truths
“Updates on mismanaging Covid-19 and US system’s crash; reactions to econ decline; sharing gains of firms profiting from the virus; the mistake of “dominating;” mass joblessness = class war. Interview Jimmy Dore on today’s crises and roles of GOP and Dems. Download Here0
Economic Update – Socialism vs Covid-19: A Very Different Story
US has 5% of world’s population but 30% of world’s Covid-19 deaths. US capitalism did poorly against the virus. Today’s program explores how socialism could and would prepare for and respond to Covid-19 differently. We include both the logic of socialism’s different policies and examples of socialist-influenced policies in other countries. Download Here