KPFA's Salima Hamirani speaks with Prof. Wolff about the state of politics in the US and his ideas for rewriting the economic script in the country. His latest book...READ MORE
Global Capitalism, Monthly Economic Update
"A Looming Crisis: Major Candidates Ignore It"
These programs begin with 30 minutes of short updates on important economic events of the last month. Then Prof. Wolff analyzes several major economic issues. For October 2016, these will include...READ MORE
On this week's episode of Economic Update, Prof. Wolff provides updates on US workers' productivity rising while wages flat since 2009, US corps evading taxes, Gallup Poll on poor US job picture, wealth of billionaires enough, if redistributed, to change...READ MORE
(Photo: Ivan Kashinsky / The New York Times)
This article originally appeared at Truthout.org
Capitalism has a long, ugly history of scapegoating immigrants. The pattern has been repeated often. For example, British capitalism's drive to empire helped force the Irish, as colonial subjects, to emigrate. Miserable colonial conditions, including horrific famines, drove many Irish to labor for capitalists in England at wages lower than English workers had won. English workers raged against and clashed with the Irish immigrants more than they struggled against the colonial system that had brought them.
On this week's episode of Economic Update, Prof. Wolff provides updates on Corbyn's victory in UK, Uber drivers unionize, state retirement systems sued for threatening pensions, hard facts about...READ MORE
Prof. Wolff joins The Greylock Glass's Growl Podcast to discuss the TPP and the ever vanishing higher education careers.
Recent statistics from the US Census Bureau show improvement from 2014-2015, but in reality, wages are in a real decline and no mechanisms have been put in place to prevent another crash, says Prof. Wolff.