Economic Update: Capitalism is the Problem


On this week's episode of Economic Update, Prof. Wolff provides updates on Bloomberg's money, negative interest rates, the oil market, Puerto Rico's cruel sales tax, Fed Reserve governor supports breaking up banks 'too big to fail,' and Apple borrows despite its huge cash hoard. Response to listeners: converting capitalist into worker coop type enterprises. Major discussion...READ MORE

Capitalism, Greece, and the End of Lesser-Evil Choosing

Housing rights activist Ada Colau

This article originally appeared at

The question of whether to vote for the lesser evil in the upcoming presidential election is being resolved even as we wrestle with it. The last few years of global capitalist change and the response thereto in Greece show the historic moment now breaking out of such dead ends. 

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Economic Update: Economic Change, Economic Disorder


On this week's episode of Economic Update, Prof. Wolff provides updates on China achieves economic superpower status, profit produces drug scarcities, Ireland's unjust austerity, millionaire tax in Massachusetts. Major discussions of...READ MORE

As the Movement for Black Lives Shifts to Policy, Several Options Emerge


This article originally appeared at

Since the moment protests broke out in Ferguson in the summer of 2014, commentators - supportive and otherwise - have asked when and how the movement for black lives would channel its rebellious energy into policy. Last week, leading voices in that movement made...READ MORE

Economic Update: Lessons About and From Socialism

On this week's episode of Economic Update, Prof. Wolff provides updates on the economic significance of Sanders' Iowa vote, Keynes on risks of revolution against capitalism, costs of oil market collapse. Interview with... READ MORE

Global Capitalism: February 2016 Monthly Economic Update

Demands for Basic Economic Change Keep Growing

Co-sponsored by Democracy at Work, Left Forum, and 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 this February, these will include...READ MORE


On this week's Economic Update, Prof. Wolff provides updates on Johnson Controls Corp evades taxes, Disney sued over abuse of HB-1 visa system, French workers strike against austerity and against socialist government; response to listeners on tax-subsidies for churches and lessons of Israel's kibbutz experience, Major discussion of...READ MORE

Bernie Sanders: The Socialist Outsider Who Took Centre Stage

In this article, David Smith interviews Prof. Wolff. 

Rather than undermine his campaign, Bernie Sanders has made a virtue of the label ‘socialist’ and is riding a wave of opposition to economic inequality that began with the Occupy Wall Street movement.

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How Two-Party Political Systems Bolster Capitalism

This article originally appeared at

Mainstream economics has always privileged one debate above all others as its most central. Should production and distribution of goods and services be private or public, done by individuals or the state? Mainstream economists likewise keep aggressively projecting this question as the central debate for politics and politicians. Such arrogant self-confidence is the other side of the insular self-absorption that characterizes so much of the mainstream economics "discipline."

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Economic Update: Capitalism's Results

On this week's episode of Economic Update, Prof. Wolff provides updates on Obama on/in Detroit, Walmart closing stores, Santa Fe and public banking, food-makers' profits vs people's health. Major discussion of...READ MORE