Economic Update with Richard D. Wolff

    Professor Wolff continues his interview with the founder of the worker owned Metis Construction Company in Seattle, Matthias Scheiblehner.

Updates on Amazon subsidized by New York, Virginia; French people act to limit corporate greed, Sears favors bosses in bankruptcy too, Pfizer ups drug prices despite Trump, California fires expose US economic divide. Guest Matthias Scheiblehner discusses why his Seattle construction firm converted into a worker coop.

Updates on plant closings, the post-NAFTA agreement, the economic costs of sexual harassment of women, the attack on China, and the failure of corp tax cuts to raise wages. Major discussions of US politics made dysfunctional by capitalism.

Professor Wolff continues his discussion of how capitalism demonizes government.

Updates on UK war on "Unexplained Wealth," why capitalism needs yet attacks government, historical reality of low wages in US, cozy deals between big corporations and credit rating agencies again. Major discussions of capitalism's oscillations between nationalist and internationalist phases (are we now moving backwards to nationalism again?) and once more on the inefficiency and immorality of mark...

Professor Wolff continues his discussion with Professor David Harvey on the U.S. Midterm Elections.

Updates on how China hits back economically; capitalism surviving in Italy through explosive debt creation; why lotteries have heavy economic costs; and how Grinnell College undergraduate workers successfully organized. Interview with Prof. David Harvey on a Marxist view of the US midterm elections: causes and consequences.

Professor Wolff continues his interview with Riva Enteen, editor of Follow the Money.

Updates on profits-vs-science and weedkiller "roundup," most Americans not better off than in 2016, WHO reports bans on corporal punishment of kids and how doing so saves money too, Janet Yellen warns huge corporate debts risk another major economic crash. Interview with Riva Enteen, editor of Follow the Money, a collection of KPFA interviews.

Professor Wolff continues his interview with Dr. Harriet Fraad on the US "Sugar Arrangements" industry.

Updates on latest foreign and US elections, the CEA document against socialism, growing inequality of billionaires' wealth, army represses report on costs and errors of Iraq war, and expose of Maine's subsidy for corporations by helping indebted students. Interview with Dr. Harriet Fraad on the US "Sugar Arrangements" industry.

Professor Wolff continues his interview with Lee Carter from the Virginia House of Delegates as they discuss why/how he won and more.

Updates on political economy of Trump/GOP attacks on China and their long term costs; parallel analysis of attacks on immigrants;  Michelle Alexander on who today is "The Resistance;" and record funds pouring into US midterm elections. Interview with Lee Carter, a socialist elected to Virginia House of Delegates on why and how he won.          

Prof. Wolff talks with Chris Hedges about his latest book, America: The Farewell Tour and more!

Updates on IMF prediction of slowing global growth, Bank of England warnings on accumulation of sub-prime debt, Nordhaus Nobel prize and market ideology, Dutch unions and others against corporate tax evasion, and signs of labor militancy in Marriott strike and profit-sharing demands of steelworkers. Interview Chris Hedges on his latest book: America: The Farewell Tour.

Prof. Wolff continues his discussion on immigration and capitalism.

Prof. Wolff continues his interview with Dr. Harriet Fraad on how public policies, past and present, serve corporate profits but undermine families, households and personal relationships.

Updates on UK's Liberal Democrats advocating serious reduction of wealth and income inequality, Sears CEO blames pensions for Sears' problems, JP Morgan predicts next financial collapse in 2020, failure to deal with opioid crisis, G-20 meeting in Argentina evades real issues, Europeans clash with US over trade with Iran, trivial SEC fine for Citigroup dishonesty with investors. Major discussion: p...

Updates on Bloomberg finds US "among least efficient" providers of health care, Poland's unions demand wealth sharing role, money corrupts US politics in new way, Trump tariffs bad for many US corporations. Interview: Dr. Harriet Fraad on how public policies, past and present, serve corporate profits but undermine families, households and personal relationships.

Professor Wolff continues his interview with Black Socialists of America founders Z & Sean Champagne.

Updates on Chicago hotel workers strike and Philadelphia parking lot attendants organizing, Cuomo's centrist, money-dependent campaign, another socialist (Julia Salazar) wins election, McDonald's workers strike in 10 cities against employer's failure to stop sexual harassment. Interview: Z and Sean, two leaders of new BSA.  

Professor Wolff interviews Professor Michael Pelias about the rationale and goals of launching a new Left University in New York City.

Updates on Tenth Anniversary of Lehman Brothers Bank collapse, assisting Ocasio-Cortez show how to finance socialist projects, Colin Kaepernick's ad for Nike and contradictions of capitalism.  Interview with Michael Pelias on launching a new Left University in New York: rationale and goals.  

This week's special edition of Economic Update deals with Keynesian economics as a theory that clashes with both the mainstream economics ("neoclassical") that celebrates private capitalism and with critical theories such as Marxian economics that are opposed to capitalism. 

This special editon of Economic update deals with how and why government take-over of private corporations need not be and often is not "socialism" and why it is often done to strengthen private capitalists.