- Published on February 4, 2012AUDIOUpdates on rising US political donations by the wealthy, 1990-2010; falling unemployment and retail jobs, European pressures on Greece to cut wages. Major topics analyzed: (1) "trickle up" vs "trickle down" economics, (2) Obama's export promotion strategy, (3) dependence of private capitalist business on state supports.
A new historical vista is opening before us in this time of change. Capitalism as a system has spawned deepening economic crisis alongside its bought-and-paid for political establishment. Neither serves the needs of our society. Whether it is secure, well-paid and meaningful jobs or a sustainable relationship with the natural environment that we depend on, our society is not delivering the results people need and deserve. We do not have the lives we want and our children’s future is threatened because of social conditions that can and should be changed.
- Published on January 28, 2012AUDIOUpdates on Obama's SOTU Speech, Apple's Chinese factories, declining US union membership, rising health plan costs, and UK moves to curtail executive salaries. Major analyses of the capitalist/socialism difference and why there is plenty of money now for needed public services, contrary to business and political claims. Responses to listener's comments on: the "sugar baby" industry, women holding families together, and differences among kinds of coops.
- Published on January 27, 2012VIDEO
Professor Richard Wolff details the problems of capitalism and urges our recognizing its obsolescence and replacing it with institutions that truly serve the people. Talk at Church of All Souls in New York City, January 24, 2012. Camera, audio: Joe Friendly
- Published on January 21, 2012VIDEO
Richard Wolff addresses Occupy Marin on January 7th, 2012 and discusses ideas such as imagining a democratic alternative to police evictions of Occupy encampments across America's cities and towns. What if the decision to evict or not had been made by referendum? Voters could have determined whether to continue the long overdue public debates over inequality, injustice and capitalism that were launched and sustained above all by the Occupy encampments.
- Published on January 19, 2012VIDEO
Basic prospects for the US economy in 2012 opened this month's update. Most attention focused on analyzing the two main problems now shaking European capitalism: (1) the financial and social costs and implications of European governments' debts and austerity programs aimed to alleviate those debts, and (2) conflicts over Greece's debts and default scenarios. Emphasis was placed on the impact of Europe's crises on the US economy in 2012.
- Published on January 10, 2012VIDEO
- Published on January 7, 2012AUDIOUpdates on latest data for income of top 1%, on low US tax burden relative to other countries, on flaw in two-tier union contracts (example: GM and UAW), and on PEW poll research findings of widespread positive US attitudes toward socialism. Interview with Prof. David Fasenfest, Wayne State Univ., on Detroit's economic decline as emblem of US capitalist development and role of Occupy Detroit movement.