[S10 E11] New
On this week's episode of EU, Prof. Wolff presents updates on Vancouver, BC, taxing its richest; JP Morgan Chase recognizes climate change threat and market's failure to cope; ways money shapes US politics today and why US women's soccer gender discrimination lawsuit helps all soccer players vs profit-driven soccer federation. The second half of the show features an interview with psychotherapist Tess Fraad-Wolff on why our jobs get us depressed and what to do about it. Watch it now.
Prof. Wolff discusses how the U.S. needs public enterprise to create structural changes to the economy for the American working class.Read more
In the face of the Coronavirus/Covid-19 pandemic, the U.S.’ extreme wealth inequality, lack of nationalized health care system, lack of a federal paid sick leave law, and other related issues have shown the nation’s severe vulnerability. In this dangerous new world, we just happen to be in the middle of a critical primary election where one of the two front runners is a self-described democratic socialist who has been touting Medicare-for-All as the central plank of his domestic policy. Is Bernie Sanders the President we need in a pandemic like this?Read more
Prof Wolff joins Loud and Clear to talk about the fluctuating market, Bernie Sanders, and the Corona Virus pandemic.Read more
[S10 E10] New
As we move closer to the Democratic nomination, the Democratic Party establishment and much of the mainstream media are openly expressing concern about a self-described democratic socialist leading the presidential ticket. His opponents have also attacked his ambitious agenda. On Democracy Now! Prof. Wolff debates fellow economist and New York Times op-ed columnist Paul Krugman on Bernie Sanders and democratic socialism.Read more
Prof. Wolff discusses his new book Understanding Socialism and the nature of the three major theories of socialism we see in the world today and how it's discussed amongst U.S. candidates and politicians.Read more
Prof. Wolff discusses how economic as well as personal debt is going to end badly. The U.S. is overwhelmed by huge government, corporate and family debt. It means that if the Fed were to raise interest rates – nobody would be able to afford repayments.Read more
The U.S. has now sanctioned Russian Oil Giant Rosneft as the nation has ramped up its efforts against Venezuela. Prof. Wolff dives into the sanctions, penalties, Venezuela, the oil industry and what it means for the petro sector.Read more
Prof. Wolff's latest article for Truthout:
"In the wake of Australian fire storms, global crop loss and catastrophic climate shifts, billions of people are recognizing the dangers to society and life itself presented by capitalism’s profit-driven despoiling of nature. At the same time, the last 40 years of deepening inequality inside virtually all nations have undermined their social cohesion, and increasingly, capitalism’s mechanisms are being blamed. Anti-capitalism is exploding across many political landscapes."
This week on Economic Update, Professor Wolff responds to a criticism aimed at how d@w focuses too much on the transition from capitalist firms to worker co-op firms with too little attention paid to...READ MORE
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 ..."
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.Read more
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.”Read more
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.Read more