Economic Democracy

Economic Update: Seeds of Fascism?

On this week's episode of Economic Update, Prof. Wolff provides updates on injustice of Argentina's default settlement, on Pope Francis's rejection of "exploiters," and on stagnating real median incomes in US. Major discussions of (1) what Sanders's support proves about Occupy Wall Street, and (2) economics of fascism.

Economic Update: Good for Profits, Bad for Society

On this week's Economic Update, Prof. Wolff provides updates on Citibank calls "Recession" for 2016, Robert Gordon's new book "Rise and Fall of American growth, college students to Europe for free educations, drug and food companies profit at public's expense, economics of presidential candidates, pension struggles heat up, and why China's slowdown due to US/Euro/Japan economies. Major discussions of (1) US unemployment and (why profit motive yields economic decisions so often good for profits but bad for society.

Economic Update: Capitalism is the Problem

Updates on Bloomberg's money, negative interest rates, the oil market, Puerto Rico's cruel sales tax, Fed Reserve governor supports breaking up banks 'too big to fail,' and Apple borrows despite its huge cash hoard. Response to listeners: converting capitalist into worker coop type enterprises. Major discussion: three alternative responses to the huge problems of capitalism today.

Capitalism, Greece, and the End of Lesser-Evil Choosing

This article originally appeared at www.tikkun.org

The question of whether to vote for the lesser evil in the upcoming presidential election is being resolved even as we wrestle with it. The last few years of global capitalist change and the response thereto in Greece show the historic moment now breaking out of such dead ends. 

Economic Update: Economic Change, Economic Disorder

On this week's episode of Economic Update, Prof. Wolff provides updates on China achieves economic superpower status, profit produces drug scarcities, Ireland's unjust austerity, millionaire tax in Massachusetts. Major discussions of self-destructive cut-backs in public higher education and the chaos of the monetary system (banks, Fed Reserve, etc.).

On the Meaning of Capitalism, We Don't Agree

This article originally appeared at Truthout.org

Economic Update: Lessons About and From Socialism

On this week's episode of Economic Update, Prof. Wolff provides updates on the economic significance of Sanders' Iowa vote, Keynes on risks of revolution against capitalism, costs of oil market collapse. Interview with author Pete Dolack on lessons for today of past experiments in socialism.

Global Capitalism: February 2016 Monthly Economic Update

Demands for Basic Economic Change Keep Growing

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 Prof. Wolff analyzes several major economic issues. For this February, these will include:

ECONOMIC UPDATE: HOW MARKETS FAIL

On this week's Economic Update, Prof.

How Two-Party Political Systems Bolster Capitalism

This article originally appeared at Truthout.org.

Mainstream economics has always privileged one debate above all others as its most central. Should production and distribution of goods and services be private or public, done by individuals or the state? Mainstream economists likewise keep aggressively projecting this question as the central debate for politics and politicians. Such arrogant self-confidence is the other side of the insular self-absorption that characterizes so much of the mainstream economics "discipline."

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