The US economy is still nine million jobs short of where it was before the recession struck. Some companies have been forced to adapt by allowing employees a share in the business. Al Jazeera's Tom Ackerman reports from Philadelphia.
Updates on Disney's price hikes, Portugal's unions' general strike, Chinese buy US biggest pork processor, low-wage retail workers fighting in Seattle, General Petraeus goes corporate, and income/wealth inequality in US. Detailed discussions of (1) why technical progress fails to ease work burdens in capitalism, and (2) why/how US "recovery" is so uneven as well as fragile. Response to listeners on anarchism and on Chinese solar panels.
Updates on corporate globalization, Philly schools, paid vacation law(?), the Cadillac Tax. Interview with Stanley Aronowitz on labor, unions and the left. Responses to listeners on higher ed economics and US income inequality.
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.
Abby Martin of Breaking the Set talks to Professor Wolff about the recent school closures in Chicago, and how they reflect a systemic problem within the current capitalist model.
Professor Wolff appeared on RT Today to discuss garment workers's strikes in Cambodia.
Professor Wolff appeared on CCTV's Biz Asia America to discuss inequality in the context of China's rapid economic growth.
Professor Wolff sat down with Konstantine Roccas of Arbitrage to discuss the current economic crisis, taking a close look at the instabilities underlying capitalist economic organization and proposing solutions in the form of democratic cooperatives.
This interview was published by Arbitrage Magazine in three parts: here, here, and here.
Professor Wolff recalls his longtime friend and close colleage Stephen A. Resnick on the occasion of Resnick's memorial service.
Professor Richard D. Wolff appeared on The David Pakman Show to discuss common misconceptions over deficits, and the realities about the economy and deficits.
“The minute Republicans are out of office, George Bush and Cheney gone, Obama coming in to replace them, then the Republicans turn around and find the deficit — as they have many times — a useful hammer with which to beat up on the incumbent in the hopes of replacing him,” Wolff argues.