The Economic Crisis
This article was written by Cole Stangler for International Business Times. Prof. Wolff was interviewed and quoted by Stangler in this piece.
As financial markets dip, crater and then surge once again, cable news networks are abuzz with frenzied analysis; pundits and investors alike offer up dozens of reasons for the sudden volatility; the Federal Reserve watches with bated breath. And all the while, much of the country is responding with a collective shrug.
- Published on August 24, 2015VIDEO
Prof. Wolff talks to The Big Picture's Thom Hartmann about Monday’s historic lows in the financial markets. Prof. Wolff breaks down China’s economy and if the devaluation of the yuan is the root to this market meltdown. Then Prof. Wolff and Thom take a look at the U.S. economy and review wage growth, inequality, and pensions.
- Published on August 23, 2015AUDIO
Updates on Labor Day's meaning, Amazon's workplace horrors, Dunkin Donuts' CEO against $ 15/hr, and how capitalism undermines recycling. Response to questions on shifting US federal tax burdens and on state's role in capitalist economies. Major discussion of criticism of capitalism and directions for a better system.
On July 23rd, at 6:00 p.m. there was a rally outside Victoria city hall held by Divest Victoria, which is a group that has been asking the city of Victoria to seek ways to invest municipal funds in a socially and ecologically responsible manner. At 7:00 p.m., the rally entered city hall to witness a debate and a vote on a motion put forward by Mayor Lisa Helps, councillor Jeremy Loveday, and councillor Ben Isitt to take the first steps in Divesting from fossil fuels.
Prof. Wolff talks about this and the divestment movement on Climate Jam.
- Published on August 16, 2015AUDIO
Updates on China's currency moves, UK'S Corbyn like US Sanders, adjuncts unionize, Pepsi and Coke offer self-serving health advice, Rand Paul's misunderstanding of economics. We answer questions about what happened to US real wages from 1974 to 2014. We analyze why no consensus about global warming, what are toxic effects of rising inequality, and role of psychologists in advertising.
- Published on August 12, 2015VIDEO
Capitalism, the Vanishing Middle and the Poor
Judson Memorial Church
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 Aug. 12, these will include:
- Published on August 9, 2015AUDIO
Updates on Sawant victory, fines for defective products, slowing wages, Puerto Rico as the US Greece, economics of refugee tragedies, and crooked banks' fall guys. Response to listener questions on worker self-management. Major discussions of Germany' economic strength today and how and why political economy of capitalism is basically irrational.