Economic Update: "Capitalism's Costly Uneven Development: Detroit"

  Updates on politicians' big business incomes after their government jobs and the debate over social security. Interview with Prof David Fasenfest of Detroit's Wayne State University on causes and cures of Detroit's economic devastation. Responses to listeners on Britain's homeless and on controlling banks "too big to fail."     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.

Will EU nations turn over tax-and-spending sovereignty to Germany?

Riots have again erupted in Greece - as the Greeks continue to protest the austerity measures that are destroying their country. Is America out of the woods when it comes to austerity policies - or is there a chance Republicans will still force the crippling policies down our throats? Professor Wolff joins Thom Hartmann to weigh in.   

The Political Economy of Obama's Re-Election

The Right just suffered a defeat, the middle continues to weaken amid elusive economic recovery and the resurgent Left in Europe grows and strengthens. Many conditions for resurgence of OWS or its reincarnation are in place.   Capitalism's crises, especially when deep and long-lasting like today's, polarize its politics. Left and right are reinvigorated by improved opportunities to advance their respective economic agendas. The middle, long in power and deeply complicit with capitalism, gets blamed for the crisis and its social costs.

Global Capitalism - A Monthly Update & Discussion: November 2012

  These Tuesday evenings will each begin with an update and analysis of major economic events of the last month and their contexts of longer-term economic trends shaping politics and society here and abroad. We will focus on the evolving global capitalist economic crisis and its consequences.

Victory of the Lesser Evil (Blog)

  A crucial fact going into the 2012 election was this: from October 2010 to October 2012, the Bureau of Labor Statistics calculates that average real wages of non-supervisory workers fell by 2.4 per cent. That deterioration for the mass of the US working class happened at the same time as the so-called “recovery” from the so-far worst period of the ongoing crisis (October 2008 to October 2010). That recovery benefited only portions of the financial industry, larger corporations, and the stock market.

Economic Update: "Puerto Rico: Colony and Laboratory"

Updates on Obama's re-election, unemployment's social costs, and Kodak's betrayal of retirees. Interview journalist Ed Morales: history of Puerto Rico as US colony and policy laboratory and global crisis's impact on Puerto Rico since 2007.

Economic Update: "Profit Motives"

Updates on student debt crisis, profit-driven history of US housing, and storm (Sandy) economics. Discussions of Keynesian and Marxian economics. Response to question on transition from capitalist to workers self-directed enterprises.

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.

Hurricane Sandy and Emergency Preparedness (Blog)

Competing self-congratulations by political and utility company leaders - about how wonderfully they and the "first responders" performed in the wake of Sandy's floods and power outages - serve to hide very serious and dangerous failures to anticipate, prevent or adequately prepare for such events.

Silences Louder Than Their Words

This article originally apeared on truth-out.org   Neither Mitt Romney nor Barack Obama even mentions six alternative economic policies that, deployed together, would reduce unemployment, increase workers' real earnings and decrease the federal deficit.   This presidential election arrives five years into a severe economic crisis that both Republican and Democratic policies failed to end. The latest unemployment rate (7.8 percent) is not even halfway back to the 2007 level of 5 percent, from the crisis high of 10 percent.

Democracy at Work at Baltimore Book Festival

  Professor Wolff addressed a crowd at the Baltimore Book Festival on September 30 in the Radical Books Pavillon.

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