The Economic Crisis

Articles about the recession and financial crisis that began in late 2007.

Economic Update: Economic "Side-Effects"

Updates on Walmart's Mexican bribes, car loans turn bad, state taxes, US slower than Europe on renewable energy, Seattle's $15/hour wage minimum, Finland fines according to ability to pay. Major discussions: (1) medical-industrial complex and (2) London conference to build mass acceptance/resignation to capitalism's "side effects". Responses to questions on consumer stocks, H-1b visas, economic growth and differences between socialism and communism.

Richard Wolff speaks at Webster University: "How the Economic Crisis Reshapes Europe"

On April 9, 2014, Richard Wolff delivered this presentation, entitled "How the Economic Crisis Reshapes Europe" to Webster University students, faculty and staff.

Webster University and the Office of Corporate Partnerships welcome Richard D. Wolff, Professor of Economics Emeritus, University of Massachusetts, as the 2014 Global Leader in Residence for the College of Arts & Sciences.

RT TV: "How Far Right, Left & Neo-Nazi Parties Revolted Against the EU" | Interview with Richard Wolff

Abby Martin features an interview with economist and University of Massachusetts professor, Richard Wolff, discussing the future stability of the European Union discussing the political divisions and economic strain that has characterized the region for the last six years.

Economic Update: Myths of Capitalist Efficiency

Updates on Maya Angelou, Chilean students' victory, uneven = no recovery, Detroit's plan to demolish 40,000 houses, and housing market realities. Major discussions on (1) international movement of economics students challenging curricula and teachers, and (2) economics of advertising

Economic Update: Fake Competition, Real Cooperation

Updates on evaluating privatization of public schools, engineers' class action against Apple, Google, Intel and Adobe, and US homeownership gives way to renting. Major discussions of big movement into worker coops in Cuba, different experience of Yugoslavia, and requiring departing corporations to pay back for publicly funded gifts received. Response to listener question on self-employment.

Better than Redistributing Income

This article originally appeared at


Economic Update: Yet More Big Bank Misdeeds

Updates on US sanctions against Putin aides, relative decline in US median disposable income, stunning "accounting error" by Bank of America, and clever manipulation of US regulators by 15 biggest US banks. Major discussions of declines in discount stores reflecting absence of mass recovery, successes and growth of worker coops in Spain's deep economic crisis. Response to listener question on reverse mortgages and declining quality of jobs in US.

Economic Update: Corporations, Wages and Jail

Updates on no growth in US, China overtakes US, costs of GM bailout, defeat of bill to raise minimum wage while Hawaii raises its minimum. Major discussions of Pfizer decision to relocate to UK, European Court supports Tobin (financial transactions) Tax  and the stunning economics of prisons and jails in the US.

Economic Update: Shameful Economics

Updates on Alabama prison/slave labor, automobile irrationalities, and the California drought. Major discussions of: cutting public employee pensions, cutting state support for public higher education, and lotteries as disguised taxes on middle and poor Americans. Responses to listener questions on the Federal Reserve "creating" money and why corporations operate overseas and then want government (taxpayers') support for corporations' foreign operations.

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