Few things say "The United States economy is broken" more than the idea that while we're in a global pandemic -- with nearly 600,000 Americans dead, almost 10 million jobs lost, and the population of unhoused people higher for the fourth year in a row -- there's at least one billionaire somewhere going, "2020 was a great year!"
In the episode of United Shades of America w. Kamau Bell on CNN, Bell takes a Zoom class with Professor Richard Wolff, a Marxian economist who shared how the leaders of the country thought about wealth back in the day. "In both World Wars I and II, the United States' President and Congress passed what was called an excess profits tax. And here's what it said: If, during a war, when we're asking young men and women to risk their lives, their health, their bodies to fight for this country, it is unconscionable that others who are not risking make money off this war."
Professor Richard Wolff joins Julianna Forlano to discuss the housing crisis and the conversation, as so often happens when curious and intelligent people get together, goes all over the map! They touch on vaccines, international relations, lost wars and wound up at the military industrial complex.Read more
Richard Wolff joins Lance on The Serfs to talk about the recent date with Destiny, and more.Read more
Brian Becker and Prof. Wolff continue a series of discussions about the basics of Marxism — a method for understanding and changing the world used by many of the great revolutionaries of modern history. Today, they discuss the theory of surplus value. Why do Marxists believe that anyone who works for a wage is being stolen from by their boss?
What does a weak or strong dollar mean to you? What do those terms mean, and how do these policy differences affect average people? Thom Hartmann & Professor Wolff talk about wage inflation, worker insecurity and rising prices in the context of a weak dollar. The dollar is weak under Biden while Trump professed the the dollar was strong? Why? Professor Richard Wolff joined Thom to take exchange rates, plus buying and selling dollars.Read more
The Biden administration has now declined to place sanctions on the highly-controversial Nord Stream 2 Pipeline project that is set to deliver natural gas from Russia to Germany. Professor Richard Wolff, host of "Economic Update," gives his analysis on the latest decision from the United States and what impact it could have on geopolitical relations.Read more
Brian Becker and Prof. Wolff begin a series of discussions about the basics of Marxism — a method for understanding and changing the world used by many of the great revolutionaries of modern history. Today, they discuss what a monopoly is, and how there is a natural tendency to monopoly under capitalism.
The GOP wants to sabotage the economy to turn the people against President Biden, and the way they want to do it will make you sick! No matter how hard Rand Paul and his Republican colleagues try, enough of us are vaccinated now that they won’t get America back to those kinds of terrible numbers. But they apparently think they can get the numbers to stay high enough that the economy will remain in crisis and Republicans can use it as a wedge issue to win back the presidency. Professor Richard Wolff joined Thom to shed some light on the GOP's dark plan, and the relationship between the economy and politics.Read more
Professor of economics, Richard Wolff joins Saagar Enjeti & Krystal Ball on The Hill's Rising to discuss the latest jobs numbers. According to the Bureau of Labor Statistics the U.S. economy added 266,000 jobs last month.Read more
Zac & Gavin of The Vanguard Podcast are joined in conversation by the great socialist economist Richard D. Wolff, Professor of Economics Emeritus, University of Massachusetts, Amherst for a wide ranging conversation.Read more
Richard Wolff joins Tripp Fuller on Homebrewed Christianity to discuss Marxism and more.Read more
Brian Becker and Prof. Wolff discuss the deadly consequences of the U.S. government's stubborn refusal so far to waive patents preventing developing countries from producing their own Coronavirus vaccines -- all to protect the profits of the big pharmaceutical corporations.Read more
Richard Wolff joins The Takeover with Justin Jackson to discuss the current state of capitalism at large, his take on the current US economy, and the rise of China as an economic powerhouse.Read more
Prof Wolff discusses why drugmakers in the United States have been quick to come out against requests for an emergency COVID vaccine waiver to help struggling countries.Read more
[S11 E17] New
From 1945 to 1990 we were told a great struggle pitted capitalism against socialism/communism (chiefly the USSR and China). Yet still today, US leaders demonize Russia and China despite the end of communism in the USSR and a huge growth of capitalist enterprises in China. The explanation lies in US capitalism's long history of using nationalism...READ MORE
Article by Richard D. Wolff
"The system’s decline is reproduced because its leaders cannot see the internal production structure of U.S. capitalism as a central problem, let alone change it."Read more
Prof. Wolff joins Brian Becker on The Socialist Program to discuss the latest efforts by the Biden administration to put severe economic pressure on Germany to back out of the Nord Stream 2 pipeline, an infrastructure project that would deliver Russian gas to the European market competing with big U.S. oil and gas monopolies.