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This week on Economic Update, Professor Wolff delivers updates on Trump's cuts to school mental health counselors, the mass strike in LA County, why China is better positioned for a trade war with the U.S., and how profit drives corporate decisions to relocate U.S. factories overseas, thereby making the US economy vulnerable to long, global supply lines. The d@w Team Economic Update with Richard D. Wolff is a DemocracyatWork.info Inc. production. We make it a point to provide the show free of ads and rely on viewer support to continue doing so. You can support our work by joining our Patreon community: https://www.patreon.com/democracyatwork Or you can go to our website: https://www.democracyatwork.info/donate Every donation counts and helps us provide a larger audience with the information they need to better understand the events around the world they can't get anywhere else. We want to thank our devoted community of supporters who help make this show and others we produce possible each week.1:01 We kindly ask you to also support the work we do by encouraging others to subscribe to our YouTube channel and website: www.democracyatwork.info
Prof. Richard D. Wolff delivers updates and perspectives on national and international issues.
This week on Economic Update, Professor Wolff begins by presenting updates on the death of libertarianism and the rise of US economic nationalism, and US universities become big businesses, governed by money concerns. In the episode's second half, Professor Wolff interviews Professor Geert Dhondt, the Chair of the Economics Department and Economics Professor at John Jay College of the City University of New York, on how colleges and universities are reacting to Trump's attack on higher education. The d@w Team Economic Update with Richard D. Wolff is a DemocracyatWork.info Inc. production. We make it a point to provide the show free of ads and rely on viewer support to continue doing so. You can support our work by joining our Patreon community: https://www.patreon.com/democracyatwork Or you can go to our website: https://www.democracyatwork.info/donate Every donation counts and helps us provide a larger audience with the information they need to better understand the events around the world they can't get anywhere else. We want to thank our devoted community of supporters who help make this show and others we produce possible each week.1:01 We kindly ask you to also support the work we do by encouraging others to subscribe to our YouTube channel and website: www.democracyatwork.info
Prof. Richard D. Wolff delivers updates and perspectives on national and international issues.
Professor Wolff begins this week on Economic Update by analyzing the choice between reform and revolution through two historical discussions: the anti-slavery fight in the mid-19th century and the anti-Depression fight in the U.S. during the 1930s. He then explains the stakes in choosing reform or revolution as goals for social change and outlines how and why both options are now back on the working class's agenda in the U.S. He concludes the discussion by suggesting that revolution is the necessary guarantor of the duration of reforms in the U.S., offering an alternative perspective to consider when choosing reform over revolution. The d@w Team Economic Update with Richard D. Wolff is a DemocracyatWork.info Inc. production. We make it a point to provide the show free of ads and rely on viewer support to continue doing so. You can support our work by joining our Patreon community: https://www.patreon.com/democracyatwork Or you can go to our website: https://www.democracyatwork.info/donate Every donation counts and helps us provide a larger audience with the information they need to better understand the events around the world they can't get anywhere else. We want to thank our devoted community of supporters who help make this show and others we produce possible each week.1:01 We kindly ask you to also support the work we do by encouraging others to subscribe to our YouTube channel and website: www.democracyatwork.info
On this week's episode of Economic Update, Professor Wolff delivers updates on Trump VS Harvard, Trump's "antisemitism" maneuver, how higher education in the U.S. is becoming ever more " business-like,” and the economics behind the depreciation of the U.S. dollar since Jan 20, 2025. The show's second half features an interview with Mr. Rob Robinson, who is to be awarded an honorary doctorate from the City University of New York at its Commencement on June 10, 2025, in recognition of his multiple contributions in the fight against homelessness and inadequate housing in the U.S. The d@w Team Economic Update with Richard D. Wolff is a DemocracyatWork.info Inc. production. We make it a point to provide the show free of ads and rely on viewer support to continue doing so. You can support our work by joining our Patreon community: https://www.patreon.com/democracyatwork Or you can go to our website: https://www.democracyatwork.info/donate Every donation counts and helps us provide a larger audience with the information they need to better understand the events around the world they can't get anywhere else. We want to thank our devoted community of supporters who help make this show and others we produce possible each week.1:01 We kindly ask you to also support the work we do by encouraging others to subscribe to our YouTube channel and website: www.democracyatwork.info
Prof. Richard D. Wolff delivers updates and perspectives on national and international issues.
This week on Economic Update, Professor Richard Wolff examines a major labor strike unfolding in California, where 2,400 Kaiser Permanente mental health workers are fighting for better conditions. Next, we break down how tariffs function as an economic weapon, undermining the living standards of U.S. workers. Finally, Professor Wolff sits down with Kali Akuno, co-founder and co-director of Cooperation Jackson, to discuss Trump's controversial "restoration" agenda and the growing resistance against it. Kali Akuno is the co-founder and co-director of Cooperation Jackson, a network of worker cooperatives and community-led programs that sustain and grow a democratic, just, and sustainable economy in Jackson, MS. Among these programs is the Fannie Lou Hamer Community Land Trust, which enables community members to collectively steward the land and creates opportunities for affordable property ownership. The d@w Team Economic Update with Richard D. Wolff is a DemocracyatWork.info Inc. production. We make it a point to provide the show free of ads and rely on viewer support to continue doing so. You can support our work by joining our Patreon community: https://www.patreon.com/democracyatwork Or you can go to our website: https://www.democracyatwork.info/donate Every donation counts and helps us provide a larger audience with the information they need to better understand the events around the world they can't get anywhere else. We want to thank our devoted community of supporters who help make this show and others we produce possible each week.1:01 We kindly ask you to also support the work we do by encouraging others to subscribe to our YouTube channel and website: www.democracyatwork.info
Prof. Richard D. Wolff delivers updates and perspectives on national and international issues.
**** SPECIAL ANNOUNCEMENT **** For those of you in the New York area, we'd like to invite you to join us for another presentation of "Global Capitalism Live with Professor Richard Wolff" taking place on April 30th. Professor Wolff will be giving a lecture on the impact of President Trump's economic policies and explaining how they are an attack on working people as part of a reflection on May Day. This event will be held in person in the main lecture hall at the Women Building Up campus at 401 State Street in Brooklyn, NY. Seats are limited but you can still get tickets to the event by going to our website: democracyatwork.info and clicking the link in the banner image at the top of the homepage or by going to: bit.ly/3YEZOu8 This week on Economic Update, Professor Wolff delivers updates on employers that are blocking, delaying, and opposing improvements on general social welfare, the Trump administration putting an end to "affirmative action" for veterans (including those disabled), and how the Trump tariffs are worsening uncertainty with very serious negative consequences. In the second half of the show, Professor Wolff interviews Professors Maliha Safri and Stephen Healy, co-authors of the new book "Solidarity Cities: Confronting Racial Capitalism, Mapping Transformation." The d@w Team Economic Update with Richard D. Wolff is a DemocracyatWork.info Inc. production. We make it a point to provide the show free of ads and rely on viewer support to continue doing so. You can support our work by joining our Patreon community: https://www.patreon.com/democracyatwork Or you can go to our website: https://www.democracyatwork.info/donate Every donation counts and helps us provide a larger audience with the information they need to better understand the events around the world they can't get anywhere else. We want to thank our devoted community of supporters who help make this show and others we produce possible each week.1:01 We kindly ask you to also support the work we do by encouraging others to subscribe to our YouTube channel and website: www.democracyatwork.info
Prof. Richard D. Wolff delivers updates and perspectives on national and international issues.
In this week's episode of Economic Update, Professor Wolff critiques the DOGE practice of firing federal civilian employees, analyzes the Trump tariff program, and shows how both are presented as ways to solve deep economic problems in the U.S. but are actually an assault on the working class. The second part of the show features an interview with David Van Deusen, the former head of the Vermont state AFL-CIO and now an organizer of union-based resistance to the Trump program. The d@w Team Economic Update with Richard D. Wolff is a DemocracyatWork.info Inc. production. We make it a point to provide the show free of ads and rely on viewer support to continue doing so. You can support our work by joining our Patreon community: https://www.patreon.com/democracyatwork Or you can go to our website: https://www.democracyatwork.info/donate Every donation counts and helps us provide a larger audience with the information they need to better understand the events around the world they can't get anywhere else. We want to thank our devoted community of supporters who help make this show and others we produce possible each week.1:01 We kindly ask you to also support the work we do by encouraging others to subscribe to our YouTube channel and website: www.democracyatwork.info
Prof. Richard D. Wolff delivers updates and perspectives on national and international issues.
This week on Economic Update, Professor Wolff explores the last 150 years of largely uncritical celebrations of "the market" as if it were a perfect institution that must be protected from the intrusion of other institutions such as the government, labor unions, and popular organizations. We compare a historical example and the present to criticize today's peculiar mix of market idolatry and its rejection in the U.S. The d@w Team Economic Update with Richard D. Wolff is a DemocracyatWork.info Inc. production. We make it a point to provide the show free of ads and rely on viewer support to continue doing so. You can support our work by joining our Patreon community: https://www.patreon.com/democracyatwork Or you can go to our website: https://www.democracyatwork.info/donate Every donation counts and helps us provide a larger audience with the information they need to better understand the events around the world they can't get anywhere else. We want to thank our devoted community of supporters who help make this show and others we produce possible each week.1:01 We kindly ask you to also support the work we do by encouraging others to subscribe to our YouTube channel and website: www.democracyatwork.info
Prof. Richard D. Wolff delivers updates and perspectives on national and international issues.
In this week's episode of Economic Update, Professor Wolff discusses certain minimum wages by the Trump administration, the costs of Germany's rearmament, and how Trump's tariffs and deportations have hit central America with economic catastrophe. The second half features a detailed discussion of the historical blaming of foreigners for the internal problems of capitalism in the U.S. The d@w Team Economic Update with Richard D. Wolff is a DemocracyatWork.info Inc. production. We make it a point to provide the show free of ads and rely on viewer support to continue doing so. You can support our work by joining our Patreon community: https://www.patreon.com/democracyatwork Or you can go to our website: https://www.democracyatwork.info/donate Every donation counts and helps us provide a larger audience with the information they need to better understand the events around the world they can't get anywhere else. We want to thank our devoted community of supporters who help make this show and others we produce possible each week.1:01 We kindly ask you to also support the work we do by encouraging others to subscribe to our YouTube channel and website: www.democracyatwork.info
Prof. Richard D. Wolff delivers updates and perspectives on national and international issues.
In this week's episode of Economic Update, Professor Wolff discusses how Marx's class analysis presents a solution to today's inequality and the challenges to overcoming it we have faced throughout history. In short, since the early existence of human society, people lived in tribes, clans, and villages that exhibited equality of wealth, income, and political power among their members. As modern history began to unfold, slavery, feudalism, and capitalism evolved as society as we know it took shape. In each of those three systems, huge inequalities separated people into masters vs slaves, lords vs serfs, and employers vs employees. Exploited and oppressed slaves, serfs, and employees opposed the inequalities of those systems but were unable to overcome them despite repeated efforts (revolutions). Marx questioned why modern societies failed to install and sustain systems of egalitarian wealth and power distribution (democracy). His answer lay in the understanding that class differences within the organization of production produce inequalities and sustain them. Overcoming those inequalities thus requires ending the class divisions within the organization of production and instead organizing in favor of a worker-cooperative structured method of production. The d@w Team Economic Update with Richard D. Wolff is a DemocracyatWork.info Inc. production. We make it a point to provide the show free of ads and rely on viewer support to continue doing so. You can support our work by joining our Patreon community: https://www.patreon.com/democracyatwork Or you can go to our website: https://www.democracyatwork.info/donate Every donation counts and helps us provide a larger audience with the information they need to better understand the events around the world they can't get anywhere else. We want to thank our devoted community of supporters who help make this show and others we produce possible each week.1:01 We kindly ask you to also support the work we do by encouraging others to subscribe to our YouTube channel and website: www.democracyatwork.info
Prof. Richard D. Wolff delivers updates and perspectives on national and international issues.
The d@w Team Economic Update with Richard D. Wolff is a DemocracyatWork.info Inc. production. We make it a point to provide the show free of ads and rely on viewer support to continue doing so. You can support our work by joining our Patreon community: https://www.patreon.com/democracyatwork Or you can go to our website: https://www.democracyatwork.info/donate Every donation counts and helps us provide a larger audience with the information they need to better understand the events around the world they can't get anywhere else. We want to thank our devoted community of supporters who help make this show and others we produce possible each week.1:01 We kindly ask you to also support the work we do by encouraging others to subscribe to our YouTube channel and website: www.democracyatwork.info
On today's show, host Allen Ruff talks about the state of the US in the world economy with economist Richard D. Wolff. The post Capitalism, Corporations, and Co-ops with Richard D. Wolff appeared first on WORT-FM 89.9.
Prof. Richard D. Wolff delivers updates and perspectives on national and international issues.
This week on Economic Update, Professor Wolff delivers updates on the firing of government workers by Trump/Musk with an economic analysis showing it to be an attack on the U.S. working class followed by a discussion of Trump's foreign policy of turning against Europe as merely an adjustment to an "American Capitalism First" project that is as old as the U.S. The second half of the show, features an interview with U.S. federal employee Colin Smalley, a sixteen-year member of the U.S. Army Corps of Engineers and an IFPTE union member who discusses how and why workers are fighting back. The d@w Team Economic Update with Richard D. Wolff is a DemocracyatWork.info Inc. production. We make it a point to provide the show free of ads and rely on viewer support to continue doing so. You can support our work by joining our Patreon community: https://www.patreon.com/democracyatwork Or you can go to our website: https://www.democracyatwork.info/donate Every donation counts and helps us provide a larger audience with the information they need to better understand the events around the world they can't get anywhere else. We want to thank our devoted community of supporters who help make this show and others we produce possible each week.1:01 We kindly ask you to also support the work we do by encouraging others to subscribe to our YouTube channel and website: www.democracyatwork.info
Prof. Richard D. Wolff delivers updates and perspectives on national and international issues.
This week's episode of Economic Update features updates on the economic risks and costs Europe faces from deporting or blocking immigrants as compared to Spain's prosperity through a pro-immigrant policy, the work of Michael Burawoy, a Marxist sociology professor at UC Berkeley, and how the inflation of meat prices is affected by a four-company oligopoly that controls 85% of the U.S. meat supply. In the second half of this week's show, Professor Wolff interviews economics professor Shahram Azhar of Bucknell University on his recently published critique of the 2024 Nobel Prize in Economics. The d@w Team Economic Update with Richard D. Wolff is a DemocracyatWork.info Inc. production. We make it a point to provide the show free of ads and rely on viewer support to continue doing so. You can support our work by joining our Patreon community: https://www.patreon.com/democracyatwork Or you can go to our website: https://www.democracyatwork.info/donate Every donation counts and helps us provide a larger audience with the information they need to better understand the events around the world they can't get anywhere else. We want to thank our devoted community of supporters who help make this show and others we produce possible each week.1:01 We kindly ask you to also support the work we do by encouraging others to subscribe to our YouTube channel and website: www.democracyatwork.info
Prof. Richard D. Wolff delivers updates and perspectives on national and international issues.
In this week's episode of Economic Update, Professor Wolff discusses unionizing Whole Foods workers VS. Amazon and Trump and the contradictions, dangers, and global retaliation of the new administration's tariff program. The show's second half features an interview with political scientist Dr. Wilmer J. Leon III on the China-U.S. competition: its costs, the stakes, and why the U.S. is losing. The d@w Team Economic Update with Richard D. Wolff is a DemocracyatWork.info Inc. production. We make it a point to provide the show free of ads and rely on viewer support to continue doing so. You can support our work by joining our Patreon community: https://www.patreon.com/democracyatwork Or you can go to our website: https://www.democracyatwork.info/donate Every donation counts and helps us provide a larger audience with the information they need to better understand the events around the world they can't get anywhere else. We want to thank our devoted community of supporters who help make this show and others we produce possible each week.1:01 We kindly ask you to also support the work we do by encouraging others to subscribe to our YouTube channel and website: www.democracyatwork.info
Prof. Richard D. Wolff delivers updates and perspectives on national and international issues.
In this week's episode of Economic Update, Professor Wolff discusses Trump's attempts at taking Panama as more evidence of rising colonialism and imperial ambitions, the recent organizing and strike of 10,000 Colorado grocery workers, and finally, corporations and investment funds abandoning DEI. In the second half of the show, Prof. Wolff interviews psychotherapist Tess Fraad-Wolff on capitalism's causal links to declining empathy and rising addictions. The d@w Team Economic Update with Richard D. Wolff is a DemocracyatWork.info Inc. production. We make it a point to provide the show free of ads and rely on viewer support to continue doing so. You can support our work by joining our Patreon community: https://www.patreon.com/democracyatwork Or you can go to our website: https://www.democracyatwork.info/donate Every donation counts and helps us provide a larger audience with the information they need to better understand the events around the world they can't get anywhere else. We want to thank our devoted community of supporters who help make this show and others we produce possible each week.1:01 We kindly ask you to also support the work we do by encouraging others to subscribe to our YouTube channel and website: www.democracyatwork.info
Prof. Richard D. Wolff delivers updates and perspectives on national and international issues.
In this week's episode of Economic Update, Professor Richard Wolff delivers updates on the North Carolina union election at an Amazon warehouse, the deportation of immigrants, and the U.S. construction industry, a lesson in how capitalism installs new technology like A.I. and how it could be far better done. In the second half of this week's episode, Professor Wolff interviews Serena Martin, a formerly incarcerated social activist and executive director of New Hour for Women and Children. The d@w Team Economic Update with Richard D. Wolff is a DemocracyatWork.info Inc. production. We make it a point to provide the show free of ads and rely on viewer support to continue doing so. You can support our work by joining our Patreon community: https://www.patreon.com/democracyatwork Or you can go to our website: https://www.democracyatwork.info/donate Every donation counts and helps us provide a larger audience with the information they need to better understand the events around the world they can't get anywhere else. We want to thank our devoted community of supporters who help make this show and others we produce possible each week.1:01 We kindly ask you to also support the work we do by encouraging others to subscribe to our YouTube channel and website: www.democracyatwork.info
Prof. Richard D. Wolff delivers updates and perspectives on national and international issues.
In this week's episode of Economic Update, Professor Richard Wolff delves into the heroic efforts of California firefighters and their extraordinary work in battling the recent wildfires in Los Angeles. We also explore the progressive transformations occurring within U.S. labor unions and shed light on the escalating housing affordability crisis across the United States. Additionally, we interview Professor Clara Mattei, Director of the newly established Center for Heterodox Economics in Oklahoma. Professor Mattei shares details about this groundbreaking initiative, outlining its goals, mission, and activities, as well as how it distinguishes itself from mainstream economic approaches. The d@w Team Economic Update with Richard D. Wolff is a DemocracyatWork.info Inc. production. We make it a point to provide the show free of ads and rely on viewer support to continue doing so. You can support our work by joining our Patreon community: https://www.patreon.com/democracyatwork Or you can go to our website: https://www.democracyatwork.info/donate Every donation counts and helps us provide a larger audience with the information they need to better understand the events around the world they can't get anywhere else. We want to thank our devoted community of supporters who help make this show and others we produce possible each week.1:01 We kindly ask you to also support the work we do by encouraging others to subscribe to our YouTube channel and website: www.democracyatwork.info
In this week's episode of Economic Update, Professor Wolff explores the economic consequences of the United States threatening Mexico and Canada. We also highlight how worker co-ops are joining forces with unions to strengthen both movements and examine the economics of the illegal drug trade. Additionally, we discuss the significance of Indonesia joining BRICS. The d@w Team Economic Update with Richard D. Wolff is a DemocracyatWork.info Inc. production. We make it a point to provide the show free of ads and rely on viewer support to continue doing so. You can support our work by joining our Patreon community: https://www.patreon.com/democracyatwork Or you can go to our website: https://www.democracyatwork.info/donate Every donation counts and helps us provide a larger audience with the information they need to better understand the events around the world they can't get anywhere else. We want to thank our devoted community of supporters who help make this show and others we produce possible each week.1:01 We kindly ask you to also support the work we do by encouraging others to subscribe to our YouTube channel and website: www.democracyatwork.info
When capitalism stops serving the needs of the people, what can we do to create a fairer more equitable society? What can we learn from China's success and economic growth? Are we witnessing the decline of the American Empire and what comes next?Richard D. Wolff is the co-founder of Democracy at Work and host of their nationally syndicated show Economic Update. He was formerly professor of economics at the University of Massachusetts Amherst, Yale University, the City College of the City University of New York, and the University of Paris Sorbonne. Currently, Wolfe is a visiting professor in the Graduate Program in International Affairs of the New School University in New York City.“The position of the United States in the world, economically and politically, is the weakest it has been in my lifetime. I was born in the middle of the 20th century, so I have watched the rise of the American empire and the success of American capitalism in the second half of the 20th century. However, over the last 20 years, I have watched that turn into its opposite—a decline. The decline is visible everywhere. Unless you live in the United States and consume mainstream media, there is a level of denial that will be recorded historically as one of the great examples, not just of a declining empire, which typically has people who cannot face it and who refuse to see it. You can go to Great Britain today and find quite a few people who think we still have the British Empire, even though everyone who isn't crazy knows that is silly. But we are earlier in the decline phase than the British are; they have had to endure it for a century while we have just had to do it for a couple of decades. It is fresh.”Episode Websitewww.creativeprocess.info/podInstagram:@creativeprocesspodcast
“The position of the United States in the world, economically and politically, is the weakest it has been in my lifetime. I was born in the middle of the 20th century, so I have watched the rise of the American empire and the success of American capitalism in the second half of the 20th century. However, over the last 20 years, I have watched that turn into its opposite—a decline. The decline is visible everywhere. Unless you live in the United States and consume mainstream media, there is a level of denial that will be recorded historically as one of the great examples, not just of a declining empire, which typically has people who cannot face it and who refuse to see it. You can go to Great Britain today and find quite a few people who think we still have the British Empire, even though everyone who isn't crazy knows that is silly. But we are earlier in the decline phase than the British are; they have had to endure it for a century while we have just had to do it for a couple of decades. It is fresh.”Richard D. Wolff is the co-founder of Democracy at Work and host of their nationally syndicated show Economic Update. He was formerly professor of economics at the University of Massachusetts Amherst, Yale University, the City College of the City University of New York, and the University of Paris Sorbonne. Currently, Wolfe is a visiting professor in the Graduate Program in International Affairs of the New School University in New York City.Episode Websitewww.creativeprocess.info/podInstagram:@creativeprocesspodcast
When capitalism stops serving the needs of the people, what can we do to create a fairer more equitable society? What can we learn from China's success and economic growth? Are we witnessing the decline of the American Empire and what comes next?Richard D. Wolff is the co-founder of Democracy at Work and host of their nationally syndicated show Economic Update. He was formerly professor of economics at the University of Massachusetts Amherst, Yale University, the City College of the City University of New York, and the University of Paris Sorbonne. Currently, Wolfe is a visiting professor in the Graduate Program in International Affairs of the New School University in New York City.“The position of the United States in the world, economically and politically, is the weakest it has been in my lifetime. I was born in the middle of the 20th century, so I have watched the rise of the American empire and the success of American capitalism in the second half of the 20th century. However, over the last 20 years, I have watched that turn into its opposite—a decline. The decline is visible everywhere. Unless you live in the United States and consume mainstream media, there is a level of denial that will be recorded historically as one of the great examples, not just of a declining empire, which typically has people who cannot face it and who refuse to see it. You can go to Great Britain today and find quite a few people who think we still have the British Empire, even though everyone who isn't crazy knows that is silly. But we are earlier in the decline phase than the British are; they have had to endure it for a century while we have just had to do it for a couple of decades. It is fresh.”Episode Websitewww.creativeprocess.info/podInstagram:@creativeprocesspodcast
“The position of the United States in the world, economically and politically, is the weakest it has been in my lifetime. I was born in the middle of the 20th century, so I have watched the rise of the American empire and the success of American capitalism in the second half of the 20th century. However, over the last 20 years, I have watched that turn into its opposite—a decline. The decline is visible everywhere. Unless you live in the United States and consume mainstream media, there is a level of denial that will be recorded historically as one of the great examples, not just of a declining empire, which typically has people who cannot face it and who refuse to see it. You can go to Great Britain today and find quite a few people who think we still have the British Empire, even though everyone who isn't crazy knows that is silly. But we are earlier in the decline phase than the British are; they have had to endure it for a century while we have just had to do it for a couple of decades. It is fresh.”Richard D. Wolff is the co-founder of Democracy at Work and host of their nationally syndicated show Economic Update. He was formerly professor of economics at the University of Massachusetts Amherst, Yale University, the City College of the City University of New York, and the University of Paris Sorbonne. Currently, Wolfe is a visiting professor in the Graduate Program in International Affairs of the New School University in New York City.Episode Websitewww.creativeprocess.info/podInstagram:@creativeprocesspodcast
When capitalism stops serving the needs of the people, what can we do to create a fairer more equitable society? What can we learn from China's success and economic growth? Are we witnessing the decline of the American Empire and what comes next?Richard D. Wolff is the co-founder of Democracy at Work and host of their nationally syndicated show Economic Update. He was formerly professor of economics at the University of Massachusetts Amherst, Yale University, the City College of the City University of New York, and the University of Paris Sorbonne. Currently, Wolfe is a visiting professor in the Graduate Program in International Affairs of the New School University in New York City.“The position of the United States in the world, economically and politically, is the weakest it has been in my lifetime. I was born in the middle of the 20th century, so I have watched the rise of the American empire and the success of American capitalism in the second half of the 20th century. However, over the last 20 years, I have watched that turn into its opposite—a decline. The decline is visible everywhere. Unless you live in the United States and consume mainstream media, there is a level of denial that will be recorded historically as one of the great examples, not just of a declining empire, which typically has people who cannot face it and who refuse to see it. You can go to Great Britain today and find quite a few people who think we still have the British Empire, even though everyone who isn't crazy knows that is silly. But we are earlier in the decline phase than the British are; they have had to endure it for a century while we have just had to do it for a couple of decades. It is fresh.”Episode Websitewww.creativeprocess.info/podInstagram:@creativeprocesspodcast
“The position of the United States in the world, economically and politically, is the weakest it has been in my lifetime. I was born in the middle of the 20th century, so I have watched the rise of the American empire and the success of American capitalism in the second half of the 20th century. However, over the last 20 years, I have watched that turn into its opposite—a decline. The decline is visible everywhere. Unless you live in the United States and consume mainstream media, there is a level of denial that will be recorded historically as one of the great examples, not just of a declining empire, which typically has people who cannot face it and who refuse to see it. You can go to Great Britain today and find quite a few people who think we still have the British Empire, even though everyone who isn't crazy knows that is silly. But we are earlier in the decline phase than the British are; they have had to endure it for a century while we have just had to do it for a couple of decades. It is fresh.”Richard D. Wolff is the co-founder of Democracy at Work and host of their nationally syndicated show Economic Update. He was formerly professor of economics at the University of Massachusetts Amherst, Yale University, the City College of the City University of New York, and the University of Paris Sorbonne. Currently, Wolfe is a visiting professor in the Graduate Program in International Affairs of the New School University in New York City.Episode Websitewww.creativeprocess.info/podInstagram:@creativeprocesspodcast
When capitalism stops serving the needs of the people, what can we do to create a fairer more equitable society? What can we learn from China's success and economic growth? Are we witnessing the decline of the American Empire and what comes next?Richard D. Wolff is the co-founder of Democracy at Work and host of their nationally syndicated show Economic Update. He was formerly professor of economics at the University of Massachusetts Amherst, Yale University, the City College of the City University of New York, and the University of Paris Sorbonne. Currently, Wolfe is a visiting professor in the Graduate Program in International Affairs of the New School University in New York City.“The position of the United States in the world, economically and politically, is the weakest it has been in my lifetime. I was born in the middle of the 20th century, so I have watched the rise of the American empire and the success of American capitalism in the second half of the 20th century. However, over the last 20 years, I have watched that turn into its opposite—a decline. The decline is visible everywhere. Unless you live in the United States and consume mainstream media, there is a level of denial that will be recorded historically as one of the great examples, not just of a declining empire, which typically has people who cannot face it and who refuse to see it. You can go to Great Britain today and find quite a few people who think we still have the British Empire, even though everyone who isn't crazy knows that is silly. But we are earlier in the decline phase than the British are; they have had to endure it for a century while we have just had to do it for a couple of decades. It is fresh.”Episode Websitewww.creativeprocess.info/podInstagram:@creativeprocesspodcast
“The position of the United States in the world, economically and politically, is the weakest it has been in my lifetime. I was born in the middle of the 20th century, so I have watched the rise of the American empire and the success of American capitalism in the second half of the 20th century. However, over the last 20 years, I have watched that turn into its opposite—a decline. The decline is visible everywhere. Unless you live in the United States and consume mainstream media, there is a level of denial that will be recorded historically as one of the great examples, not just of a declining empire, which typically has people who cannot face it and who refuse to see it. You can go to Great Britain today and find quite a few people who think we still have the British Empire, even though everyone who isn't crazy knows that is silly. But we are earlier in the decline phase than the British are; they have had to endure it for a century while we have just had to do it for a couple of decades. It is fresh.”Richard D. Wolff is the co-founder of Democracy at Work and host of their nationally syndicated show Economic Update. He was formerly professor of economics at the University of Massachusetts Amherst, Yale University, the City College of the City University of New York, and the University of Paris Sorbonne. Currently, Wolfe is a visiting professor in the Graduate Program in International Affairs of the New School University in New York City.Episode Websitewww.creativeprocess.info/podInstagram:@creativeprocesspodcast
The Creative Process in 10 minutes or less · Arts, Culture & Society
“The position of the United States in the world, economically and politically, is the weakest it has been in my lifetime. I was born in the middle of the 20th century, so I have watched the rise of the American empire and the success of American capitalism in the second half of the 20th century. However, over the last 20 years, I have watched that turn into its opposite—a decline. The decline is visible everywhere. Unless you live in the United States and consume mainstream media, there is a level of denial that will be recorded historically as one of the great examples, not just of a declining empire, which typically has people who cannot face it and who refuse to see it. You can go to Great Britain today and find quite a few people who think we still have the British Empire, even though everyone who isn't crazy knows that is silly. But we are earlier in the decline phase than the British are; they have had to endure it for a century while we have just had to do it for a couple of decades. It is fresh.”Richard D. Wolff is the co-founder of Democracy at Work and host of their nationally syndicated show Economic Update. He was formerly professor of economics at the University of Massachusetts Amherst, Yale University, the City College of the City University of New York, and the University of Paris Sorbonne. Currently, Wolfe is a visiting professor in the Graduate Program in International Affairs of the New School University in New York City.Episode Websitewww.creativeprocess.info/podInstagram:@creativeprocesspodcast
In this week's episode of Economic Update, Professor Wolff discusses updates on deep political corruption: the Illinois example, final statistics on the 2024 presidential election results did NOT give Trump any mandate, the Canadian government forcing 55,000 striking postal workers back to work despite massive worker opposition. Finally, we have an interview with housing advocate and activist, Rob Robinson (formerly un-housed) reporting on the global housing advocates' conferences in Spain and Brazil. The d@w Team Economic Update with Richard D. Wolff is a DemocracyatWork.info Inc. production. We make it a point to provide the show free of ads and rely on viewer support to continue doing so. You can support our work by joining our Patreon community: https://www.patreon.com/democracyatwork Or you can go to our website: https://www.democracyatwork.info/donate Every donation counts and helps us provide a larger audience with the information they need to better understand the events around the world they can't get anywhere else. We want to thank our devoted community of supporters who help make this show and others we produce possible each week.1:01 We kindly ask you to also support the work we do by encouraging others to subscribe to our YouTube channel and website: www.democracyatwork.info
The d@w Team Economic Update with Richard D. Wolff is a DemocracyatWork.info Inc. production. We make it a point to provide the show free of ads and rely on viewer support to continue doing so. You can support our work by joining our Patreon community: https://www.patreon.com/democracyatwork Or you can go to our website: https://www.democracyatwork.info/donate Every donation counts and helps us provide a larger audience with the information they need to better understand the events around the world they can't get anywhere else. We want to thank our devoted community of supporters who help make this show and others we produce possible each week.1:01 We kindly ask you to also support the work we do by encouraging others to subscribe to our YouTube channel and website: www.democracyatwork.info
In this week's episode of Economic Update, Professor Wolff discusses the "catalog" of 2024's economic problem areas: (1) Slow growth relative to China/BRICS; (2) the war in Ukraine; (3) the crises in Gaza and the greater Middle East; (4) Biden & Trump tariffs policy; (5) scapegoating immigrants; (6) corporations disinterest in climate change and DEI initiatives; (7) rising U.S. labor militancy and public support,' (8) rise of violence; (9) social security benefit increases' failure keep up with inflation. The d@w Team Economic Update with Richard D. Wolff is a DemocracyatWork.info Inc. production. We make it a point to provide the show free of ads and rely on viewer support to continue doing so. You can support our work by joining our Patreon community: https://www.patreon.com/democracyatwork Or you can go to our website: https://www.democracyatwork.info/donate Every donation counts and helps us provide a larger audience with the information they need to better understand the events around the world they can't get anywhere else. We want to thank our devoted community of supporters who help make this show and others we produce possible each week.1:01 We kindly ask you to also support the work we do by encouraging others to subscribe to our YouTube channel and website: www.democracyatwork.info
This week's episode of Economic Update, Professor Wolff delves into key global developments, including President Trump's looming tariff wars, the collapse of Emmanuel Macron's government in France, and massive strikes by Volkswagen workers in Germany. He also examines the fall of governments in South Korea and Syria and its implications, along with the public reaction to the assassination of a prominent healthcare CEO. Professor Wolff concludes by analyzing how these events collectively highlight class struggles fueled by the declining U.S. empire and its systemic challenges. The d@w Team Economic Update with Richard D. Wolff is a DemocracyatWork.info Inc. production. We make it a point to provide the show free of ads and rely on viewer support to continue doing so. You can support our work by joining our Patreon community: https://www.patreon.com/democracyatwork Or you can go to our website: https://www.democracyatwork.info/donate Every donation counts and helps us provide a larger audience with the information they need to better understand the events around the world they can't get anywhere else. We want to thank our devoted community of supporters who help make this show and others we produce possible each week.1:01 We kindly ask you to also support the work we do by encouraging others to subscribe to our YouTube channel and website: www.democracyatwork.info
In this week's episode of Economic Update, Professor Wolff dives deep into why socialism remains a popular and successful economic system. Professor Wolff highlights new laws passed by the government of Spain that punish airline companies who employ 'unjustified' airline passenger fees. We then debunk the unsubstantiated and nonsensical myth we hear so often that: 'Socialism has never worked,' and finally we juxtapose the history of the last capitalist collapse (1930s Great Depression) when the US working class turned left versus the current crisis of US capitalism when the initial turn of the working class is to the right. The d@w Team Economic Update with Richard D. Wolff is a DemocracyatWork.info Inc. production. We make it a point to provide the show free of ads and rely on viewer support to continue doing so. You can support our work by joining our Patreon community: https://www.patreon.com/democracyatwork Or you can go to our website: https://www.democracyatwork.info/donate Every donation counts and helps us provide a larger audience with the information they need to better understand the events around the world they can't get anywhere else. We want to thank our devoted community of supporters who help make this show and others we produce possible each week.1:01 We kindly ask you to also support the work we do by encouraging others to subscribe to our YouTube channel and website: www.democracyatwork.info
On this week's episode of Economic Update, Professor Wolff devotes this week's episode to Labor Unions and Political parties. We explain why US & Western capitalism today provoke labor and unions into more and more social and political action. The latest examples are the recent Canadian Postal Workers strike and the Barnes and Noble bookstore workers rally in New York City. The Professor discusses the history of the standard practice of employers filing complaints with the National Labor Relations Board to dispute the results of elections that form unions. Finally a major discussion on politics and the intersection of labor. What will be unions' relationship to political parties? Will we see general strikes and mass popular mobilizations? Only time will tell. The d@w Team Economic Update with Richard D. Wolff is a DemocracyatWork.info Inc. production. We make it a point to provide the show free of ads and rely on viewer support to continue doing so. You can support our work by joining our Patreon community: https://www.patreon.com/democracyatwork Or you can go to our website: https://www.democracyatwork.info/donate Every donation counts and helps us provide a larger audience with the information they need to better understand the events around the world they can't get anywhere else. We want to thank our devoted community of supporters who help make this show and others we produce possible each week.1:01 We kindly ask you to also support the work we do by encouraging others to subscribe to our YouTube channel and website: www.democracyatwork.info
In this week's episode of Economic Update, Professor Wolff discusses how US foreign aid serves the interests of corporations and their profits. We highlight how San Juan County in Washington state handled its fiscal crisis by cutting its employees' work week to 32 hours. We update you on workers of Wells Fargo Bank who are currently conducting a unionization drive, which could lead to other US banks doing the same. We provide a quick analysis of the history of settler colonialism in New Zealand and how this practice informs and influences the Israel and Palestinian crisis. Lastly, we interview Professors Michael Hillard and Richard McIntyre for a Marxian analysis of the exceptional nature of the US capitalist class and the US election. The d@w Team Economic Update with Richard D. Wolff is a DemocracyatWork.info Inc. production. We make it a point to provide the show free of ads and rely on viewer support to continue doing so. You can support our work by joining our Patreon community: https://www.patreon.com/democracyatwork Or you can go to our website: https://www.democracyatwork.info/donate Every donation counts and helps us provide a larger audience with the information they need to better understand the events around the world they can't get anywhere else. We want to thank our devoted community of supporters who help make this show and others we produce possible each week.1:01 We kindly ask you to also support the work we do by encouraging others to subscribe to our YouTube channel and website: www.democracyatwork.info