Capitalism’s Political Servants: Trump and Johnson

Read Prof. Wolff's latest article for Counter Punch
"For the last half-century, US and UK capitalisms led the way in undoing the parallel legacies of the New Deal and Europe’s social democracies. From its ascending Thatcher-Reagan couple to its descending Trump-Johnson imitation, neoliberal capitalism replaced Keynesian capitalism. Private corporate capitalists funded effective campaigns to celebrate neo-liberalism. The US and UK institutionalized it by de-regulating and privatizing further and faster than anywhere else ..."

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Economic Update: Capitalism's Uneven Development

[S10 E06]

This week’s episode of Economic Update features an introductory discussion by Professor Wolff on capitalism's systematically uneven economic development. From Marx's original criticism of capitalism for producing and...READ MORE


How Did ‘Socialism’ Become A Dirty Word?

In the last few years, socialist-leaning policies and politicians like Bernie Sanders and Alexandria Ocasio-Cortez have become more popular in America. Yet, the word itself has become a slur used by politicians and pundits on both sides of the aisle. This short HUFFINGTON POST documentary explores how and why "socialism” became a dirty word.

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Trump's Economic Shell Game

Prof. Wolff discusses President Trump's State of the Union address and the 2020 election.

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On Contact: Understanding Socialism with Richard Wolff

Chris Hedges talks with Prof. Wolff about his new book Understanding Socialism. He explains how in the socialist dream, work is something that we should want to engage in, that means something to us, that brings us into relationships with other people who we value, who make us better people as we interact with them; “it’s a transformation of life.”

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Where Does the Federal Reserve’s Money Come From?

The Federal Reserve pours money into banks to support the economy, but where does that cash come from? And, more importantly, is that money ever repaid? Prof. Wolff explains how it all works and what effect it has for everyone.

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How Accurate Are the Economic Statistics As Told By The Government?

How accurate are the economic statistics that we are told by government, banks and financial institutions? Are some of these numbers faked, to help re-elections of politicians? Prof. Wolff explains how shrinking unemployment doesn't always mean rising quality of life, and how the inverse relationship between desperation jobs and the economy works and what effect it has for everyone.

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AirBnB Promises Successful Business and Positive Contribution to Society

Prof. Wolff discuss Airbnb's evolving corporate vision.

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State of the Union Address, Impeachment Hearings and Iowa Caucus - What a Week

Are the impeachment hearings just a movie sequel to the Mueller Report? Prof. Wolff discuss the State of the Union Address, the impeachment hearings and the fervor around the Iowa caucus. This interview appears courtesy of Loud and Clear


Income Inequality, 21st Century Great Depression

Prof. Wolff breaks down the latest Oxfam report on income inequality.

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Nobody is Disrupting World Trade More Than Mr. Trump and the United States

Just after paving the way toward a trade deal with China and major developments on the USMCA agreement, President Trump has now threatened to open up a new front in his tariff war.

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Former Wells Fargo CEO Agrees to Lifetime Ban From Industry

Former Wells Fargo CEO John Stumpf agreed to a lifetime ban from the banking industry and a $17.5 million fine for his role in leading the bank through its massive fake accounts scandal and other sales practice misconduct. This interview appears courtesy of Loud and Clear


Phase One Trade Deal Officially Inked

The U.S. and China have officially inked their phase one trade deal, but this is just the beginning of the long negotiation process.

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An Economic Crash is Coming And It Will Be Bad

Prof. Wolff discusses with The Hill, the state of the economy and the potential impact the 2020 election could have.

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Affects of Major Tax Cut Considerations

Prof. Wolff weighs in on Treasury Secretary Steven Mnuchin Economic announcing that the Trump administration considered yet another round of major tax cuts. Meanwhile, political leaders from around the world attended the World Economic Forum, also called the Davos Summit. While President Trump lauded the US economy in his speech in Davos, he mocked climate scientists, calling them “foolish fortune tellers,” and once again called climate change “a hoax.” This interview appears courtesy of Loud and Clear


Can Minimum Wage Increases Prevent Economic Recession?

Seven million people in more than 20 states have received a substantial raise as those states raise their minimum wage. Traditionally, stimulus like this from the bottom has been very effective at lifting an economy. To what extent is the lifting of the minimum wage going to be responsible for the economy continuing to grow. Prof. Wolff offers a bleaker view of the economy.

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Economic Update: Exposing Economic Myths

[S10 E05]

This week on Economic Update, Professor Wolff discusses how the "unemployment rate" is inadequate measure of the U.S. economy’s well-being along with the decline of the “real” value of...READ MORE


Economic Update: Military Spending and Debt

[S10 E04]

This week on Economic Update, Professor Wolff delivers updates on France's successful mass uprisings (Yellow Vests in 2019; mass union strikes in 2020) that forced the French government to...READ MORE


Economic Update: Independent Media

[S10 E03] 

This week on Economic Update, Professor Wolff delivers updates on the sale of a co-op craft brewery to a large corporation, U.S. medical costs are...READ MORE


Economic Update: Answering our Critics

[S10 E02]

Three major criticisms of Economic Update are considered: (1) that we don't praise capitalism for reducing world poverty, (2) that we don't admit that "socialism has never...READ MORE


Oil and Iran Tensions Fall

Oil has slid slightly following a sense of de-escalation in the Middle East, following Iran’s retaliatory strikes. Prof. Wolff analyzes the moves in the markets and how oil prices have reacted.

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Economic Impact of U.S. Attack on Iran

Prof. Wolff joins hosts Brian Becker and John Kiriakou to discuss the impact on the economy of the new danger of war. This interview appears courtesy of Loud & Clear.


Economic Update: Capitalism & the Family: Myth VS Reality

[S10 E01] This week on Economic Update, Professor Wolff delivers updates on the Job Quality Index and its U.S. decline, the French activism against President Macron's effort to...READ MORE


Next Subprime Crisis Looms

Prof. Wolff joins Rick Sanchez to discusses the explosion of car debt being taken on by Americans who can't afford it. They examine the dirty tricks that are used by car salesmen and banks, and ask whether or not car debt is becoming the new bad loan crisis.

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Davos Summit: Where Money Talks

U.S. President Donald Trump is expected to attend the World Economic Forum in Davos in January 2020, heading the delegation including Treasury Secretary Steven Mnuchin, Commerce Secretary Wilbur Ross, and U.S. trade representative Robert Lighthizer, among others. Meanwhile, Boris Johnson's UK government will be skipping the conference this year. What can be expected from this year's forum for the global elite? Prof. Wolff explains why, in Johnson's words, this meeting is "champagne for billionaires."

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