The Economic Crisis

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

Prof. Wolff on TRNN: 38% of American Workforce Still Jobless.

Prof. Wolff discusses discusses why labor force participation is the lowest since 1977 and what's really needed to stimulate the economy.

Prof. Wolff on Tell Somebody, a weekly public affairs program on KKFI-FM 90.1, Kansas City community radio.

Professor Wolff sat down for a conversation with Tell Somebody.

Why Debates Over the Fed's Interest Rate Miss the Point

This article originally appeared at

Capitalist Decline and a Way Forward

On September 13, 2015 Prof. Wolff spoke at All Souls Forum in Kansas City,    Capitalism is relocating to new centers in China, India, Brazil.  In its old centers like the U.S., economic prospects darken.  Worker incomes stagnate.  Multinational businesses force governments to lower their taxes and then either raise personal taxes, cut public services or both.  Decline results, but alternatives exist.  Changing the organization of our enterprises, according to Prof. Wolff offers a way to a better future.

Click here to listen to audio of Prof.

Economic Update: Puerto Rico as US's Greece

Updates on new Detroit book, Mayor's austerity policy in Chicago, homeless school children, soaring medical insurance deductibles. Responses to listeners on VW scandal and Pope's statements on economics. Interview with Prof. Ian Seda-Irizarry on current crisis in Puerto Rico.

Economic Update: Capitalism's Instability

Updates on GM settlement, Census Bureau proves no recovery for 90%, GE moves jobs overseas; responses to listeners on FED agonies over interest rates and how capitalism mishandles unemployment. Major discussion of WSDEs and capitalist corporations.

Global Capitalism: September 2015 Monthly Economic Update

  Global Capitalism: September 2015 Monthly Economic Update Market Chaos and Capitalism’s Instability Judson Memorial Church Assembly Hall 239 Thompson Street at Washington Square, Manhattan Co-sponsored by Democracy at Work, Left Forum, and Judson Memorial Church


These programs begin with 30 minutes of short updates on important economic events of the last month. Then Wolff analyzes several major economic issues. For this September, these will include:

Economic Update: Precarious Work = Capitalism's Inefficiency

Updates on economics of refugees, Ford buys French political wife, LAs homeless, Labor Day history, Seattle Teachers strike, and Japan's jobs ever more precarious. Response to listeners on why rising wages need NOT mean rising prices. Interview with Dr. Harriet Fraad, mental health counselor, on the psychological pains, personal suffering, and huge social costs of imposing uncertainty and precarity on job security, hours and days of work, benefits, and wages.

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