Economy

Fed Comes to its Senses, Lowers Interest Rate

Fed Comes to its Senses, Lowers Interest Rate

September 20, 2019

After causing almost every recession of the past several decades, the Federal Reserve is lowering interest rates before a recession takes hold. This represents an important shift in the Fed’s policy, says CEPR’s Mark Weisbrot

Economic Update: Capitalism in Denial

Economic Update: Capitalism in Denial

Partner Content Provided By: Economic Update with Richard Wolff
September 17, 2019

The first half of this week’s episode of Economic Update features a discussion by Professor Wolff on the parallels of declining capitalism in the UK and the U.S. and how the denials of the systemic problems inherent with capitalism are making the economic situations in both countries profoundly worse. In the second half of this…

Live Economic Update: The US-China Trade Wars - Causes, Prospects, Risks

Live Economic Update: The US-China Trade Wars – Causes, Prospects, Risks

Partner Content Provided By: Economic Update with Richard Wolff
September 16, 2019

In this installment of the bimonthly Live Economic Update, held in Judson Memorial Church in NYC, Prof. Richard Wolff discusses the US-China trade war, winners and losers, whether there is a new isolationism, the possibility of recession, and the 2020 election

Economic Update: Homelessness in the U.S.

Economic Update: Homelessness in the U.S.

Partner Content Provided By: Economic Update with Richard Wolff
September 10, 2019

This week: Updates on politicians’ “blame game” of scapegoating to avoid blaming capitalism;  middle class squeezed by prices; limits of workers on corporate boards of directors; lessons from a courageous Puerto Rican people; Prof. Wolff interviews Rob Robinson, activist and global advocate for the homeless on the issues of homelessness in the U.S.

Trump to Return Fannie Mae and Freddie Mac to the Private Sector: "Be Very Afraid"

Trump to Return Fannie Mae and Freddie Mac to the Private Sector: “Be Very Afraid”

September 8, 2019

Prof. Richard Wolff explains that Trump’s plan to re-privatize the mortgage loan companies Freddie Mac and Fannie Mae opens the door to the factors that caused the 2008 financial crisis

US-China Trade War Causes Damage, but is Exaggerated

US-China Trade War Causes Damage, but is Exaggerated

September 6, 2019

Trump hit China with more tariffs on $300 billion of imports, but as a percentage of GDP the trade war remains relatively small in its impact, and is thus unlikely to lead to a recession says CEPR’s Mark Weisbrot

Economic Update: Corporate Capitalism in Decline

Economic Update: Corporate Capitalism in Decline

Partner Content Provided By: Economic Update with Richard Wolff
September 5, 2019

Replay of an older episode on: Capitalism and hurricanes; the business of drug addiction and overdose; how poverty has caused hookworm to resurface in North America; the economics of elite universities’ tax avoidance; Chris Hedges joins Wolff to talk about a declining, decaying capitalism

Abby Martin & Richard Wolff Discuss Socialism in 2019

Abby Martin & Richard Wolff Discuss Socialism in 2019

Partner Content Provided By: The Empire Files
September 4, 2019

Abby Martin sits down with renowned Marxist Economist Richard Wolff to discuss the growing popularity of socialism under Trump and its historical roots in America, misconceptions about Russia and China’s economic success and Marx’s theory of alienation and monopoly capitalism.

Economic Update: Injustice, Race and Class

Economic Update: Injustice, Race and Class

Partner Content Provided By: Economic Update with Richard Wolff
September 3, 2019

This week: Updates on on the 3 deadly failures of capitalism; the investigation of hi-tech monopolies by the U.S. DOJ; the franchising of worker co-ops; the social inequalities that income inequality breeds; Prof. Wolff interviews Bob Hennelly, an investigative reporter whose recent work includes revelations into the Eric Garner, Epstein and Kushner cases

Is it Cynical to Believe the System is Corrupt?

Is it Cynical to Believe the System is Corrupt?

August 30, 2019

While a new poll shows most US citizens believe the political and economic system is rigged against them, Senators Bernie Sanders and Elizabeth Warren also echo this sentiment. Some conservatives are now pushing back. But what says the evidence? Bill Black analyzes the situation