Prof. Wolff answers a question from a Patron of Economic Update.
The patron asks: Is it necessary for a socialist political party to exist, as Lenin emphasized in his books, in order to support and lead the labour movement fighting capitalism or not. If yes, why don't you and people in this struggle don't create one, or join the Communist party? If not, how we're going to fight this class struggle without an organized party?Read more
Prof. Wolff answers a question from a listener from Tampa, FL.
To what extent do the owners of the country: the billionaires, the CEO's and the people who live only off their investments (and do not work for a living- aka the idle rich)- to what extent are they threatened by low and moderate income people who have a right to health care, a living wage, affordable housing and no worry about college debt? To what extent does a comfortable working class and a comfortable moderate-income class-- threaten the super rich? Another way to ask this is to put this is: Do the super-rich want the rest of us to be uncomfortable, economically speaking? Why?"Read more
US and China: 1 Global Economy, 2 Giants - Tariffs, Competition, Deals: What’s Coming
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 March 2019, these issues will include...READ MORE
This week on Economic Update, Professor Wolff gives a shout out to the striking Oakland school teachers and delivers updates on the dangers of declining pensions, a bank fined for helping wealthy clients evade taxes, the U.S. and the EU in...READ MORE
A patron asks: Is religion an opium of the people? Is religious faith generally harmful to worker solidarity or cooperation? I know a catholic priest founded Mondragon, but most of the anarchists fighting Franco and establishing worker controlled industries were anti religious before the civil war ended...