Economic Update: Religion and Class Economics

Updates on billionaires buying newspapers, the bad news in latest US jobs report, IMF proposals for Spain's economic crash, and a progressive new bill in the US Senate. Interview with Theology Professor Joerg Rieger on religion, class, and capitalism. Response to listeners: recognition of extraordinary leadership by Mayor Gayle McLaughlin of Richmond, CA.

On Economic Update with Professor Richard Wolff, Wolff and guests will discuss the current state of the economy, both locally and globally in relation to the economic crisis.

From Crisis to Cooperation


Click the links below to listen Professor Richard Wolff discuss his book Democracy at Work on The Dietrich and Brookz Show on WTFE.

Part 1 of the Interview.

Part 2 of the Interview.

Meanings of the Election Results (Podcast)

  Everyone from the candidates to the parties to observers and voters are making their respective senses of what the election results mean. Here we offer a psychological and economic analysis of an election dominated by what people were voting against and how they reacted to remarkably divisive claims made especially by the Romney and Republican forces.

Colorado Killings, Psychology, and Economics (Podcast)

More important than pathologizing the individual who killed is the task of evaluating the social and psychological conditions - changeable by collective action - that can explain why his frustrations and failures should take such a violent turn against others. In other words, why does the US have more such violent, gun-using explosions of extreme personal upset than most other advanced countries combined?

Precarious Jobs: The Economics and Psychology of Insecure Work (Podcast)

  Secure, stable jobs gave way to precarious employment over recent decades - and especially during the crisis that started in 2007. Precarious work has dubious benefits for employers and imposes huge economic costs on society and huge human costs on most working people. Precarity exposes capitalism's irrationality and shows the importance of non-capitalist alternatives like the workers' cooperatives organized in Spain's Mondragon Corporation.

Class Warfare (Alternative Radio Podcast)

This article originally appeared on the Guernica website.

Americans Living Alone: Meanings and Implications (Podcast)

  Over 50 % of today's adults in the US live singly, what a 2012 book by Eric Klinenberg calls Going Solo. We discuss why that happened, the deep loneliness involved, its relationship to modern capitalism, and why basic social change is crucial to overcoming today's isolations.

How 1% and 99% Experience Capitalist Crises Differently (Podcast)

  Around facts of unemployment, people living alone, children and the elderly, we discuss how differently the 1% and the 99% experience capitalism’s crisis. The 1% and their government have ignored widespread suffering and social costs that react back upon capitalism negatively. Yet massive government support goes mostly to the top banks and other corporations that threaten that they are “too big to fail.” Capitalism has proven to be an unjust, inefficient, and self-destructive system.

Above and Below the Middle Class (Podcast)

We discuss how the tiny top and the increased bottom of the US economic system have very differently experienced economic crisis since 2007. We suggest some specific programs urgently needed and also draw some lessons about what basically has to change.

Is the Working Class "Coming Apart"? (Podcast)

Charles Murray's new book, Coming Apart,is criticized as a "blame-the-victim" argument applied to the white working class just as Patrick Moynihan applied it to the African-American working class in the 1960s. Murray excludes and thereby exonerates the economic system from responsibility for working class suffering and dysfunction; he blames instead character flaws somehow newly developed in that class.We develop a counterargument that locates the behaviors of both the 1% and the 99% in their logical responses to a dysfunctional economic system.

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