President Biden’s budget proposal would cost taxpayers a whopping $6 trillion. Some are calling it the New Deal 2.0, but is pumping federal dollars a surefire way to get the economy back on track? Richard Wolff joins The Big Picture to weigh in on whether record-high government spending can offset a mass exodus of service workers across the country. As Americans regain their financial footing after a calamitous year in lockdown, what will tomorrow’s labor market look like?Read more
[S11 E23] New
In this week's show, Prof Wolff presents updates on the efforts to finally add dental, vision, and hearing coverage to Medicare, the effects of Trump's tariffs on China, and the contradictions between capitalist profiteering...READ MORE
Are money market finds at risk? And, if so, what should Americans do? Is the stock market about to Crash?
Prof. Richard Wolff joined The Thom Hartmann Program to discuss the government spending beyond tax income. At what point does someone scream “STOP”?
Professor Wolff joins RJ Eskow on The Zero Hour to discuss the climate crisis.Read more
Brian Becker and Prof. Wolff discuss Karl Marx's theory of classes. Politicians of all stripes love to talk endlessly about their devotion to the middle class, but what does that even mean? What are the unique insights from Karl Marx about the real class structure of society?
Richard Wolff joins Boom Bust to discuss a new report that has shown records of how the wealthiest citizens in the nation have dodged paying taxes for years.Read more
Professor Wolff joins Fred Hampton Leftists to talk about the need for a minimum wage, crypto-currency, and the end of capitalism.Read more
Brian Becker and Prof. Wolff continue a series of discussions about the basics of Marxism — a method for understanding and changing the world used by many of the great revolutionaries of modern history. Today, they discuss what Marxism has to say about the environment. Why and how is capitalism destroying the planet?Read more
And as the United States and many other developed nations are seeing their vaccination rates soar, developing nations are still struggling to inoculate their populations. Richard Wolff joins Boom Bust to speak on vaccine inequity and the rise of new billionaires during the COVID-19 pandemic.
To avoid divisive social conflict over redistribution, the solution is not to distribute unequally in the first place. That can remove the cause and impetus for redistributive struggles and thus the need for endless and so far fruitless efforts to find the “right” redistribution formula or mechanism. The way forward is to democratize the decision about distributing wealth as it emerges from production.
Article by Richard D. Wolff
Prof. Wolff joins Brian Becker on The Socialist Program to continue a series of discussions about the basics of Marxism — a method for understanding and changing the world used by many of the great revolutionaries of modern history. Today, they discuss the role of finance and the big banks. Why does Wall Street reign supreme in the capitalist system?Read more
Our country is in trouble and it's about a fundamental problem we have as a nation — Inequality. A consumer economy simply can't function when the consumers are too poor to consume and the wealthy refuse. Richard Wolff joined Thom Hartmann to discuss spenders and savers, be they rich or poor. And it all comes down to taxation and the rich. Surprised?Read more
Few things say "The United States economy is broken" more than the idea that while we're in a global pandemic -- with nearly 600,000 Americans dead, almost 10 million jobs lost, and the population of unhoused people higher for the fourth year in a row -- there's at least one billionaire somewhere going, "2020 was a great year!"
In the episode of United Shades of America w. Kamau Bell on CNN, Bell takes a Zoom class with Professor Richard Wolff, a Marxian economist who shared how the leaders of the country thought about wealth back in the day. "In both World Wars I and II, the United States' President and Congress passed what was called an excess profits tax. And here's what it said: If, during a war, when we're asking young men and women to risk their lives, their health, their bodies to fight for this country, it is unconscionable that others who are not risking make money off this war."
Professor Richard Wolff joins Julianna Forlano to discuss the housing crisis and the conversation, as so often happens when curious and intelligent people get together, goes all over the map! They touch on vaccines, international relations, lost wars and wound up at the military industrial complex.Read more
Richard Wolff joins Lance on The Serfs to talk about the recent date with Destiny, and more.Read more
Brian Becker and Prof. Wolff continue a series of discussions about the basics of Marxism — a method for understanding and changing the world used by many of the great revolutionaries of modern history. Today, they discuss the theory of surplus value. Why do Marxists believe that anyone who works for a wage is being stolen from by their boss?
What does a weak or strong dollar mean to you? What do those terms mean, and how do these policy differences affect average people? Thom Hartmann & Professor Wolff talk about wage inflation, worker insecurity and rising prices in the context of a weak dollar. The dollar is weak under Biden while Trump professed the the dollar was strong? Why? Professor Richard Wolff joined Thom to take exchange rates, plus buying and selling dollars.Read more
The Biden administration has now declined to place sanctions on the highly-controversial Nord Stream 2 Pipeline project that is set to deliver natural gas from Russia to Germany. Professor Richard Wolff, host of "Economic Update," gives his analysis on the latest decision from the United States and what impact it could have on geopolitical relations.Read more