The KPFA Evening News (Sunday) – September 26, 2021

On KPFA evening news: The debate continues in Congress over the debt ceiling and the human infrastructure bill
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Economic Update: Socialism & Worker Co-ops


20th century socialism is now behind us. Socialists continued to evaluate both its achievements and failures via extensive self-criticism. A changed socialism has emerged, focused on a transition of workplaces from top-down hierarchical capitalist structures into democratic worker cooperatives...READ MORE

The Socialist Program: Addicted to War: The ABC's of U.S. Military Spending

On The Socialist Program with Brian Becker: We discuss the military-industrial complex in the wake of the nuclear submarine deal between the United States and Australia, which sparked a diplomatic crisis with France. A new alliance between the US, Australia and the UK trashed a submarine deal France had with Australia worth tens of billions of dollars, awarding the sale instead to the United States. How does the war economy help keep U.S. capitalism afloat?

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Thom Hartmann: Can Capitalist China Survive Default?

On Thom Hartmann Program: Global markets have watched anxiously as a huge and deeply indebted Chinese property company flirts with default, fearing that any collapse could ripple through the international financial system.

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Boom Bust: The Chinese housing sector

The Evergrande saga has seen a new development as it has met a crucial debt deadline, but has the move assuaged investors? Professor Richard Wolff offers his analysis of the Chinese housing sector on Boom Bust. 

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AJ+: Why The Stock Market Is NOT The Economy

Prof Wolff joins a video for AJ+: Ever wonder how billionaires got so much richer during the pandemic while you and people you know struggled? Well, chalk it up to the stock market. Just 10% of Americans own 90% of stocks – so it's easy to see why the vast majority of people don't benefit from the market's gains when it performs well. So how exactly does the stock market work, who controls it and who wins out?

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Understanding the Basics of 21st-Century Democracy, Autocracy, and Capitalism

Article by Richard D. Wolff

"If we define capitalism in terms of the employer-employee internal structure of its enterprises—what Marx termed their “social relations of production”—most socialisms to date have not yet accomplished transitions beyond capitalism. To do that, they would have to change the prevalent internal organization of their enterprises to democratic worker cooperatives. Indeed, that has now become the task for 21st-century socialism."

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News with Rick Sanchez: Richard Wolff rages at Dems' tax 'gift' to the rich

Democrats in Congress have proposed a drastic revision to President Biden’s original tax reform proposal, with a capital gains tax rate of 25 percent instead of 40 percent. Professor Richard Wolff joins Rick Sanchez to share his thoughts. He calls the change a “pathetic caving-in of the Democratic Party” and says that it proves the super-rich and corporations dominate both major US political parties.

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InQuestion: HUD sells houses in flood zones

In a recent investigative report, NPR found that the Department of Housing and Urban Development (HUD) knowingly sold homes to the poor and working class in known flood zones. Places like Florida, Louisiana, Mississippi and even Hawaii where flooding is a real threat. HUD sold homes without proper disclosure to the buyers of the risk. For an agency intended to assist low-income buyers in achieving the so-called American dream of home ownership, the government has failed these buyers. 

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DSA No Cold War: Opposing the USICA and US Escalations Against China

For DSA International: The US escalation of tensions with China is well-documented, but the looming passage of most anti-China bill since the Chinese Exclusion Act has received little attention in the US. The IC, Richard Wolff, Vijay Prashad, and Tings Chak joined a discussion on the US Innovation & Competition Act (USICA), originally recorded on Monday, September 20, 2021.
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The KPFA Evening News (Sunday) – September 12, 2021

Prof Wolff joins KPFA Evening News. 

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The Socialist Program:Grand Theft Banks: How the Government Funds Wall Street

On this episode of The Socialist Program, Prof Wolff joins to discuss one of the key ways that the biggest capitalist enterprises receive huge government assistance -- quantitative easing. This policy, carried out by central banks, has been the subject of major debate in recent weeks. What is quantitative easing, and is it going away any time soon?

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Economic Update: Occupy Wall Street: Analysis and Legacy

[S11 E35] New

This program is devoted to Occupy Wall Street (OWS) on its 10th anniversary. Prof. Wolff discusses OWS as a historic turning point, as legacy for the US left, and his personal experience. Wolff presents OWS's 4 basic causes...READ MORE

Thom Hartmann: Why There Is Nothing New or Liberal about Neoliberalism

Neoliberalism is not what it sounds like, it is much worse. Thom and Prof Richard Wolff discuss neoliberalism and what can be done to undo the damage from it.

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Boom Bust: China's Search for Alternative Aluminum

In the wake of Guinea's unrest rocking aluminum markets, could we soon see China looking elsewhere for its supply? Professor Richard Wolff joins Boom Bust to discuss the possibility of a new era of relations with Australia.

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The Socialist Program: Socialism or Capitalism: Millions of Unemployed Workers Lose their Benefits

Brian and Prof. Wolff discuss the state of unemployment in America. Politicians and the media talk constantly about the post-COVID economic recovery, but last month’s weak jobs report suggests that workers are still in the midst of crisis. And despite this dire situation, the unemployment relief programs passed at the onset of the pandemic have now expired. On The Socialisti Program with Brian Becker. 

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Economic Update: The Rational and Irrational in Anti-Vaxxers

[S11 E34] New

On this week's show, Prof. Wolff presents updates on the complexities of anti-vaccination movements, the long decline of religion in US capitalism, Disneys’s shift to serve the richest, lessons from AFL-CIO chief Richard Trumka's leadership, and failures of GOP, Dem leaders to stop last 75 years ...READ MORE

The Critical Hour: Weekly News Roundup; Tens of Millions in US Face Loss of Jobless Benefits and Eviction

Richard Wolff joins Garland Nixon and Wilmer Leon on The Critical Hour to discuss the economic stories for the week. 7.5 million people have lost their unemployment benefits and the Supreme Court has stopped the eviction moratorium. Meanwhile, the US Congress is working to increase the military budget by at least 25 billion dollars.
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Thom Hartmann: The Economics of Criminalizing Abortion Exposed

On the Thom Hartmann Program: Outlawing abortion is more dangerous than the GOP wants you to think... Thom and Prof Richard Wolff explore the economics of women not having access to abortions.

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Boom Bust: Zelensky Visits the White House & Biden Touts End of "Nation-Building"

Ukrainian President Volodymyr Zelensky is in Washington D.C. as part of a visit to discuss the Nord Stream 2 Pipeline with U.S. leaders. Boom Bust's Ben Swann lends his insight to the visit and what issues are being covered in the talks. The meeting comes just one day after President Biden has announced that the U.S. is done with nation-building. Professor Richard Wolff analyzes the fallout from the conflict and just how much the U.S. has spent on the war.

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The Socialist Program: Time to Abolish the Supreme Court? Why “Private Property” Should Not Be Supreme

Brian Becker and Prof. Richard Wolff discuss the Supreme Court ruling overturning the federal eviction moratorium and putting 11 million people at risk of being thrown onto the streets in the middle of a pandemic. The rationale used by the court to issue this cruel edict is the essence of capitalism -- protect property owners’ “right to exclude” at all costs. On The Socialist Program. 

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Economic Update: 20 Years after 9/11, the U.S. is still a "Stuck Nation"

[S11 E33] New

On this week's show, Prof. Wolff presents updates on Alabama miners' strike, how China's focus on reducing inequality affects competition with the US, and the economics of the "right to repair" consumers' movement in the US...READ MORE

Economic Update: Extremes of Rich & Poor in U.S. Capitalism

[S11 E32] New

This week on Economic Update, Prof. Wolff discusses the new US program for monthly child benefits; why Covid strengthens some and divides other nations; the myth of "labor shortage;" the real cost of ultra-luxury cruises; Uber and sexual assaults; and lastly, the outsized US costs of healthcare...READ MORE

Status Coup News: Richard Wolff DEBUNKS Economic Comeback Nonsense

Jordan speaks with Professor Richard Wolff about the propaganda being pushed by corporate media that the economy is roaring back on Status Coup News

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Bad Faith: Chris Hedges & Richard Wolff: Have Bernie, the Squad, & the Institutional Left Failed Us?

On this special 100th episode of Bad Faith podcast with Briahna Joy Gray, Chris Hedges and Prof Wolff discuss the "institutional left".

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