Economic Update: How US Workers are Really Treated

[S11 E37] New

This week on Economic Update, Prof. Wolff pays homage to Mikis Theodorakis, Greek musician and political hero, and discusses Starbucks workers in Buffalo, the economic fallout of Supreme Court's anti-abortion act, what Hurricane Ida fatalities show, and the $8 trillion cost...READ MORE


Ramakrishna Mission Vidyamandira: Cooperation as a Way of Life: Commemorating 150 Years of the Paris Commune

An International Webinar Organized by Ramakrishna Mission Vidyamandira, Belur Math, West Bengal, India Date: 5th October, 2021 Special Inaugural Session: Cooperation as a Way of Life: Commemorating 150 Years of the Paris Commune

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The Socialist Program: Government and Landlords Declare Class War Against Tenants: Who Will Win?

On this episode Brian and Prof. Richard Wolff discuss the massive scale of the eviction crisis and the urgent need for struggle in the face of this threat. While billionaires saw their wealth dramatically expand over the course of the pandemic and the government moved swiftly to bail out the rich, working class tenants accumulated crushing levels of rent debt. Now landlords are preparing to kick millions out of their homes as the pandemic continues to rage. Brian and Prof. Wolff also discuss examples from history of tenants organizing to stand up for their right to housing -- and bring down the system that prioritizes profits over people's lives.

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RT: Many of leaders who promised to fight corruption are themselves knee-deep in it

In the wake of the latest bombshell report, dubbed the ‘Pandora Papers’, revealing the hidden tax-haven assets of global billionaires, world leaders and public officials, RT welcomes economist and author Richard Wolff to discuss what the latest massive leak tells the world.

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Zero Hour: China & the Fracturing of the American West

Prof Wolff joins Zero Hour with RJ Eskow on China & the fracturing of the American west. 

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Economic Update: Native Americans & American Socialists

[S11 E36] New

On this week's show, Prof. Wolff present updates on global supply chain slow-downs; student costs/debts in US, UK far higher than in most peer nations; FED adds inflation to the ways its policies worsen income and wealth inequalities...READ MORE


[Greek] Interview with Documento

This article is in Greek, for the Greek newspaper Documento. 

Ρίτσαρντ Γουλφ: «Οι ΗΠΑ βρίσκονται σε πάρα πολύ σοβαρή παρακμή» 

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Refinery29: The Girlboss Is Dead. Now It’s Time To Kill The “Good Boss”

"The way capitalism works, the job of the employer is to get the most effort — the most use of brains and muscles — from the worker as he possibly can, and at the same time pay that worker the minimum necessary to get that worker to come to work each day,” explains Richard D. Wolff."

- Prof Wolff interviews with Refinery 29 for "The Girlboss Is Dead. Now It’s Time To Kill The “Good Boss”, by Elizabeth Gulino. 

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Thom Hartmann: Central Banks Tightening Could Choke Out Middle Class

Bank interest rates are on the rise. The Federal Reserve have poured vast amounts of money to boost the economy during the past two years to stimulate spending.

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On Contact with Chris Hedges: Competing systems of power in America

On Contact: Chris Hedges discusses with economist Richard Wolff how capitalism works under an autocracy or oligarchy, the only two political systems left in the United States of America.

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The Socialist Program: Seize Big Pharma: Nationalize and Internationalize All Medicine!

On the Socialist Program with Brian Becker: The frantic effort by pharmaceutical corporations to keep prescription drug prices -- and their profits -- sky high. As part of the proposed social spending budget, Congress is considering a measure to negotiate hundreds of billions of dollars of savings on prescriptions covered by Medicare. This would fund major expansions to Medicaid and Medicare services, but right-wing Democrats backed by big pharma are doing everything they can to block it.

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[Portuguese] Brasil de Fato

This article is in Portuguese, for the Brazilian news agency Brasil de Fato. 

"Caso de fraude contra Elizabeth Holmes expõe fraturas de endeusamento de empresários nos EUA" 

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Truthout: Mainstream Media Attention to IPCC Report Neglected Real Cause of Emissions

“Since the days of Rachel Carson’s Silent Spring, two things have been growing together,” Wolff told Truthout. “The growth and spread of capitalism and the growth and spread of environmental disaster.”

- Professor Wolff for an article on Truthout "Mainstream Media Attention to IPCC Report Neglected Real Cause of Emissions," by Frances Madeson. 

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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

[S9 E28] REPEAT

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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