Economy

Economic Update: Teaching Economics – A Revolutionary Approach

November 27, 2019

This week: Updates on Kshama Sawant’s reelection victory in the Seattle City Council race; the obesity problem’s costs and causes in the U.S.; critiquing libertarian arguments in favor of capitalism; Prof. Wolff interviews Dr. Amy S. Cramer, a Professor of Economics at Pima Community College in Arizona about her accessible education project “Voices on the…

Chile’s Wealth Gap Has Thousands Living in Shanty Towns

November 22, 2019

In Chile, protesters are demanding better social services and President Sebastian Pinera’s resignation. Millions find it difficult to make ends meet, and many are forced to live in makeshift camps and shanty towns.

Economic Update: Political Strategy for Transition

November 21, 2019

This week on Economic Update, Professor Wolff discusses a political strategy for transition beyond capitalism to an economy based on democratic worker-owned co-operatives. The first half explores the history of the transition from feudalism to capitalism, while the second half draws lessons from that history to provide a strategy for a transition beyond capitalism.

Economic Update: The US’s Profit-Driven Medicine

November 15, 2019

This week: Updates on on Berlin, Germany’s law freezing all rents for 5 years; over–indebted corporations threatening the world economy; prisoners’ slave labor in Los Angeles; French inequality and yellow vests; Bernie Sanders’ push to put workers on corporate boards of directors; Prof. Wolff interviews Dr. Michael Magee on the medical-industrial complex in the United…

Elite Institutions Hoard Wealth While Cities Die Around Them

November 13, 2019

A movement to tax non-profits in a city mired in poverty has hit an obstacle: The richest institutions claim they already pay enough.

Economic Update: The Human Agenda

November 5, 2019

This week: Updates on the costs of the NBA’s offending China; worsening global inequality; 3 economists presented with the Nobel Prize for working on “incremental solutions” to poverty; Google’s donations to climate deniers; and the latest crisis of defaulted U.S. auto loans; Prof. Wolff interviews Mr. Richard Hobbs, an expert on worker co-ops and the…

Can Land Value Tax Give Baltimore’s Neighborhoods Back To Their Residents?

November 4, 2019

Joshua Vincent of the Center for the Study of Economics talks about how a land value tax could give Baltimore residents relief from the wealth extraction that absentee landlords perpetrate.

Central Bank Independence Is a Myth. They Need to Be Democratized.

October 30, 2019

Gerald Epstein discusses his new book, a collection of essays on how central banking is shaped, how it shapes the economy, and how it can be made more responsive to people’s needs.

Economic Update: Making Critical Arguments

October 30, 2019

This week: Updates on the U.S. housing crisis as a systemic failure using the example of the homeless LA opera singe; Greta Thunberg’s critics; how the Europeans benefit from the U.S. – China trade war; the Sackler family’s “donations” to museums and universities; and how capitalists have taken over Sports Illustrated Magazine. Prof. Wolff interviews…

Laura Flanders Show: Making Buffalo Our City

October 28, 2019

Renewable energy, racist redlining, and now possibly a renaissance. The people of Buffalo, New York have seen a lot. In the last century, this was a booming industrial town fueled by a falls and people from all over the planet. But most of the wealth concentrated at the top, and at the end it mostly…