The KPFA Evening News – August 27, 2023

Prof Wolff joins the KPFA Evening News to weigh in on federal reserve chairman Jerome Powell's speech at Jackson Hole.

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The Socialist Program: How Can the Labor Movement Keep up the Momentum?

On this episode Walter Smolarek and Prof. Wolff mark Labor Day with a discussion on how workers are fighting back with intensity not seen in many years. From UPS to academic workers to writers and actors, major labor struggles have been erupting nationwide in a revolt against mounting inequality and corporate greed. And the next major fight on the horizon is a potential strike at the Big Three automakers.

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Twenty-First Century Socialism: What It Will Become and Why

Article by Harriet Fraad and Richard D. Wolff

The real left is not the caricature crafted by the U.S. right. Alongside parallel right-wing political formations abroad, that caricature tries hard to revive and recycle Cold War demonizations no matter how far-fetched. Nor is the real left what Democratic Party leaders and their foreign counterparts try hard to dismiss as tiny and politically irrelevant (except when electoral campaigns flirt with “progressive” proposals to get votes). The real left in the United States and beyond are the millions who at least vaguely understand that the whole system is the core problem. As those millions steadily raise their awareness to an explicit consciousness, they recognize that basic system change is the needed solution.

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Dialogue Works: This is a Historical Shift

Prof Wolff joins Dialogue Works to discuss global economic shifts.

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The Socialist Program: BRICS Expansion Shakes Western-dominated World Order

Prof. Wolff joins Brian Becker to discuss the BRICS summit in Johannesburg, which resulted in the historic expansion of the bloc. With six new members, will the BRICS be able to mount a more formidable challenge to the dominance of Washington and Wall Street over international finance and diplomacy? What does this mean for the working people of the world?

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WBAI: Live on the Fly with Randy Credico

Prof Wolff joins Live on the Fly with Randy Credico for a discussion on the WBAI radio program. 

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Open Magazine: Expansion of BRICS - a huge setback to the world order dominated by the US

Thanks to six new members, BRICS represents more than half of the world’s population and 43% of global oil production

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The Socialist Program: Debt Is Crushing U.S. Workers

Prof. Wolff joins Brian Becker to discuss the alarming pace of rising defaults on auto loans as hundreds of thousands of consumers face mounting bills amid surging new car prices.

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Zero Hour: What Can the Trump Drama Teach Us?

Prof Wolff joins Zero Hour with RJ Eskow to discuss the Trump phenomenon in a larger, historical perspective: what does it mean?

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Dialogue Works: How did the Sanctions on Russia work?

Prof Wolff joins Dialogue Works to discuss the effects of the sanctions on Russia.

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Robinson's Podcast: What's Wrong With Capitalism?

Robinson and Prof Wolff discuss his criticisms of capitalism. They begin with why mainstream economists dismiss Marx and then move on to the basics of economics, the problems of our capitalist system, and the myriad social issues we face today.

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The Critical Hour: Trump Indictment, US Credit Rating

Richard Wolff joins Garland Nixon and Wilmer Leon on The Critical Hour to discuss this week's important stories. Former President Donald Trump has been indicted, the US credit rating has been lowered, and most Americans cannot cover a 400-dollar bill.
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U.S. Leaders Split On China Policy

Article by Richard D. Wolff

"On the one hand, U.S. policy aims to constrain China’s economic, political, and military development because it has now become the United States’ chief economic competitor and thus enemy. On the other hand, U.S. policy seeks to secure the many benefits to the United States of its companies’ trade with and investments in China. U.S. debates over “decoupling” the two countries’ economies versus the milder version of the same thing—“de-risking”—exemplify, on both sides, U.S. policy’s split approach to China."

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Status Coup News: "Bidenomics" Propaganda, Obama Warns Biden

Prof. Wolff joins Jordan Chariton to discuss the economic reality facing Americans, and to discuss Obama's warning for Biden.

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The Socialist Program: "Bidenomics"?? The Real Record of Biden’s Policies for the Working Class

Walter Smolarek and Prof. Richard Wolff discuss "Bidenomics", Biden's real economic record, and why his policies are so harmful. What has "Bidenomics" meant for the working class?

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MOATS: The US Hegemonic Rule Is Part of The Past

Prof Wolff joins the Mother of All Talk Shows with George Galloway to discuss the unattainable goal of favoring the East through economic shifts, while also highlighting the disastrous consequences of engaging in a war with China, which could potentially lead to nuclear conflict.

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KPFA Special: The Economy and the Current Political Landscape

Prof Wolff joins a KPFA special episode on Letters & Politics with Mitch Jeserich to discuss the economy and the current political landscape.

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The Socialist Program: Affirmative Action for Lazy, Bored Rich Kids

Brian and Prof. Wolff discuss the new study showing that elite schools enroll wealthy students far more than the rest of us.

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Zero Hour: If the Economy’s So Good, How Come I Feel So Bad?

Prof Wolff joins Zero Hour with RJ Eskow to discuss the juxtaposition between the reported positive state of the economy and people's negative experiences.

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The Left Lens: China, BRICS, and the Decline of the American Empire

Prof Wolff joins the Left Lens program with Danny Haiphong to discuss the rise of China, BRICS, and how an emerging new world economy is putting an end to the delusions of the US empire.

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Is Capitalism Leaving the U.S. in Search of Profit?

Article by Richard D. Wolff

"The contradictions of China-bashing in the United States begin with how often it is flat-out untrue. The Wall Street Journal reports that the “Chinese spy” balloon that President Joe Biden shot down with immense patriotic fanfare in February 2023 did not in fact transmit pictures or anything else to China. White House economists have been trying to excuse persistent U.S. inflation saying it is a global problem and inflation is worse elsewhere in the world. China’s inflation rate is 0.7 percent year-on-year. Financial media outlets stress how China’s GDP growth rate is lower than it used to be. China now estimates that its 2023 GDP growth will be 5 to 5.5 percent. Estimates for the U.S. GDP growth rate in 2023, meanwhile, vacillate around 1 to 2 percent."

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It’s Hard for Americans to Engage in China-Bashing Without Tripping on Contradictions

Article by Richard D. Wolff

"The contradictions of China-bashing in the United States begin with how often it is flat-out untrue. The Wall Street Journal reports that the “Chinese spy” balloon that President Joe Biden shot down with immense patriotic fanfare in February 2023 did not in fact transmit pictures or anything else to China. White House economists have been trying to excuse persistent U.S. inflation saying it is a global problem and inflation is worse elsewhere in the world. China’s inflation rate is 0.7 percent year-on-year. Financial media outlets stress how China’s GDP growth rate is lower than it used to be. China now estimates that its 2023 GDP growth will be 5 to 5.5 percent. Estimates for the U.S. GDP growth rate in 2023, meanwhile, vacillate around 1 to 2 percent."

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Market Fundamentalism’ Is an Obstacle to Social Progress

Article by Richard D. Wolff

"A changing world order, a shrinking U.S. empire, migrations and related demographic shifts, and major economic crashes have all enhanced religious fundamentalisms around the world. Beyond religions, other ideological fundamentalisms likewise provide widely welcomed reassurances. One of the latter—market fundamentalism—invites and deserves criticism as a major obstacle to navigating this time of rapid social change. Market fundamentalism attributes to that particular social institution a level of perfection and “optimality” quite parallel to what fundamentalist religions attribute to prophets and divinities."

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The Debt Ceiling Debate Is A Massive Deception Against The Public

Article by Richard D. Wolff

"Future historians will likely look back at the debt ceiling rituals being reenacted these days with a frustrated shaking of their heads. That otherwise reasonable people would be so readily deceived raises the question that will provoke those historians: How could this happen?"

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The Critical Hour: Weekly News Wrap Up

Richard Wolff joins Garland Nixon and Wilmer Leon on The Critical Hour to discuss the economic stories for the week. Americans are using "buy now pay later" apps to purchase groceries. US consumerism is struggling against the neoliberal impoverishment of the working class.
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