The Last Time Banks Did This, They Caused A Financial Crash

Prof. Wolff joins The Thom Hartmann Program to illuminate how banks are supposed to hold a percentage of every dollar in reserves, which means they have a large pile of money. What happens if the government wants to stimulate the economy, by telling the banks they can lend out part of their held deposits or all of it? The last time the banks were able to lend out their reserves, we found ourselves in a global financial crash.

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Peculiarities of the Chinese Economic System

US-China trade war, peculiarities of the Chinese economic system and what an economic slowdown in China would mean for the global economy.

Watch the discussion here on with Michele Greenstein on News with Rick Sanchez


School Grades as Capitalist Control

Grading teaches meritocracy, which in turn helps deflect blame for capitalism's failures onto its victims. Grades are capitalism in action. Let's get them out of our schools. 
See it here on the The Zero Hour with RJ Eskow

 


Economic Update: Capitalism in Decline

[S9 E35]

The first half of this week’s episode of Economic Update features a discussion by Professor Wolff on the parallels of declining capitalism in the UK and the U.S. and how the...READ MORE


No One Can Rescue Hong Kong

Discussion the ongoing Hong Kong protests and its effect on the US-China trade war. China "will not negotiate any cost to their sovereignty" and protesters' attempts to entreat US or UK for aid against Beijing is "far fetched."

Watch Here


China Lifts Some Tariffs on U.S. Goods

There has been a small breakthrough in the US-China trade war, after Beijing agreed to drop some of its tariffs on American goods. How much trade-war pain is still in the pipeline for the US economy?

Prof. Wolff on Boom Bust - Watch Here


Why Do Tech Giants Get Away With Hurting Consumers?

Prof. Wolff joins Julianna Forlano on Waking Up with Julianna Forlano on WBAI to discuss the impact decisions made by giant tech companies have on our lives.

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Global Capitalism: September 2019 Live Economic Update

The US-China Trade Wars: Causes, Prospects, Risks

with Richard D. Wolff 
Co-sponsored by Democracy at Work & Judson Memorial Church
 
In connection with Wolff’s discussion of the main topic above, he will also cover the following issues at the September 11th, 2019, event...READ MORE

Impact of Fannie Mae and Freddie Mac's Return to the Private Sector

Trump's plan to re-privatize the mortgage loan companies Freddie Mac and Fannie Mae opens the door to the factors that caused the 2008 financial crisis.

This story appears courtesy of Real News Network - Listen Here


Why is the US Economy so Prone to Crashes?

Since the mid-20th Century, every major recession in the United States has been preceded by an inversion of the bond “yield curve,” a key indicator of the health of the economy. In August, the curve inverted once again, leading to widespread alarm that a significant economic downturn is imminent. 

This article appears courtesy of The Globe Post.

 



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