This week on Economic Update, Professor Wolff delivers an analysis of the state of the U.S. economy at summer’s end, 2019, and it’s a decidedly mixed picture. In the second half of this week’s show, Professor Wolff presents a counter to the imaginary ‘free market,’ focusing on its structure, social effects, and particular beneficiaries.
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
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…
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
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.
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
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
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
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