Economy

Rising Expenses and Stagnant Incomes Squeezes Middle Class Everywhere

April 24, 2019

A new study by the OECD shows that particularly millennials and the US middle class is being squeezed by expenses that rise faster than their incomes, but the phenomenon is taking place in all developed countries

Economic Update: The #METOO Movement

Economic Update: The #METOO Movement

Partner Content Provided By: Economic Update with Richard Wolff
April 23, 2019

This week: Updates on Chicago in change; the decline of world trade; New York City’s “congestion pricing plan; the IMF comments on Trump’s trade war and the hi-tech monopolies; the 7 states suing the U.S. Department of Agriculture over school lunch deregulations; and Trump’s warning to House Republicans about socialism; Prof. Wolff interviews Dr. Harriet…

Modern Monetary Theory - A Debate Between Randall Wray and Gerald Epstein

Modern Monetary Theory - A Debate Between Randall Wray and Gerald Epstein

April 22, 2019
Randall Wray, one of the founders of the economic theory known as Modern Monetary Theory (MMT) lays out some of its main arguments. Paul Jay hosts
From Multilateralism to the Old Policy of Power

From Multilateralism to the Old Policy of Power

April 22, 2019

Responses like xenophobia, nationalism and populism are not going to resolve existential threats, says Roberto Savio, explaining why he thinks multilateralism needs to make a strong comeback

Economic Update: Venezuela

Economic Update: Venezuela

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

This week: Updates on Brexit and the Mueller Report; the new labor upsurge happening in Chicago; how income shapes education and thus “merit;” the mistaken objections to the Green New Deal and Medicare for All; and and how a fascistic “punish the poor” mentality is on the in U.S.; Prof. Wolff interviews Prof. George Ciccariello-Maher…

Economic Update: Employer VS Employee: Capitalism's Endless Conflict

Economic Update: Employer VS Employee: Capitalism’s Endless Conflict

Partner Content Provided By: Economic Update with Richard Wolff
April 9, 2019

This week: Updates on the Los Angeles strippers’ strike; Trump failure to end the U.S. trade deficit; UN reports on protests against capitalist driven inequality and the governmental repression of those protests; the tragic social effects of the closure of GM’s Lordstown, Ohio factory; and the reduction of bank regulations after 10 years of massive…

China Has Strategic Objectives In Going Global, Does Africa?

China Has Strategic Objectives In Going Global, Does Africa?

April 8, 2019

If Africa as a continent does not have strategic objectives of its own, the history of impediments to African economic development will be repeated in its engagement with China, says Ethiopia’s Alemayehu Geda