Global Capitalism: May 2019 Economic Update

Rise of Socialism in the US Today

with Richard D. Wolff 
Co-sponsored by Democracy at Work, Left Forum & Judson Memorial Church

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 May 2019, these issues will include...READ MORE


Economic Update: Lawyers vs. The System

[S9 E18]

This week on Economic Update, Professor Wolff delivers updates on how U.S. college students have become share-croppers for investors, conservatives' fake opposition to government intervention in...READ MORE


US Unemployment Numbers and Other Ways to Hide the Truth

Prof. Wolff joins "By Any Means Necessary" to break down the good, the bad and the ugly of the latest US unemployment numbers, the media and political manipulation of economic numbers, American capitalism's multi-faceted debt crisis, and why it is time to move past capitalism.

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The Truth About Modern Monetary Theory

What is modern monetary theory? Richard Wolff joined Thom to explain. MMT or Modern Monetary Theory is becoming a point of contention in the Democratic Party,. But what is it and what does it mean? How does a government, or a political candidate use modern monetary theory, Can modern monetary theory help end the debt or the national deficit? What would the effects of modern monetary theory be on the average working person?

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Yes, We Can do Better Than Capitalism

This article originally appeared at CommonDreams.org.

As capitalism drives itself into ever-greater inequality, instability and injustice, its critics multiply. Worried defenders react in two ways. Many dismiss the criticisms. After all, capitalism has been around a long time and weathered ups and downs before. They presume or hope that criticism will fade as little really changes despite the critics, and frustrations set in. It’s just losers who complain. The winners will surely carry the system forward. Some defenders insist that there simply is no alternative to capitalism, so criticism becomes pointless.

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In US and UK, the Working and Middle Classes Are Under Attack

This article originally appeared at Truthout.org

The crises affecting the political economies of the U.K. and U.S. are strikingly parallel. The 2008 capitalist crash hit and hurt both badly. Each arranged government bailouts of their major banks and many large corporations. After 2008, they both imposed real economic suffering — austerity — on the mass of their people. Finally, in both countries, pre-2008 trends toward greater economic inequality accelerated post-2008. Those trends in turn provoked deepening political and cultural divisions.

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Economic Update: Capitalism vs. Socialism

[S9 E17]

This week on Economic Update, Professor Wolff does something a little different. He dives deep into the 200+ year old debate and struggle between capitalism and socialism and looks into how it has...READ MORE


Trump Has Politicized the Fed. Now What Happens to Democracy?

Has the FED ever been politicized the way Trump is proposing now and what would be the result of that? Prof. Wolff joins The Thom Hartmann program to answer questions about Donald Trump's attack on the FED and what it means for our country and economy.

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Economic Update: The #MeToo Movement

[S9 E16]

This week on Economic Update, Professor Wolff delivers updates on Chicago in change, the decline of world trade, New York City’s "congestion pricing plan, the IMF comments on Trump’s trade war and the hi-tech monopolies, the 7...READ MORE


Prof. Richard Wolff on Organic Intellectuals

Prof. Richard Wolff joins RJ Eskow to discuss supply, demand, and customer service in today’s markets.

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