Economic Update with Richard D. Wolff

Updates on corrupt Congressional "tax reform," giant corporations' abuse of power, GE CEO wastes millions, corporate structure and sexual harassment/abuse, Detroit's fake "renaissance," dying US malls, unaffordable rents expose fake economic "recovery," and pharma giant Astra-Zeneca shows how capitalism endangers health. Interview of author and broadcaster Laura Flanders on mass media changes in t...

Updates on Maine's progressive economic changes, US Senate documents how the very rich abuse the estate tax, Nestle profits as nearby Flint's water still polluted, poverty and 'social exclusion' in Greece and Europe, Trump/GOP cuts health programs, US profits rise as wage share falls. Major discussions: (1) economics of migration and (2) economics of coalitions between labor unions and worker coop...

Updates on critique of Uber and gig economy; WI Sen Johnson endorses inequality; Norway to pay male and female athletes same; corporations buy back their own shares; deaths of overworked Japanese; 10% NY school kids homeless; and majority of major US corporations already pay much below official 35% tax rate. Major discussion of changing economics of socialism.

Updates on mostly low-paid service jobs in US future, Senate deregulates banks, college spending per student reinforces income inequality, US loneliness a factor in illnesses and premature death, Univ of Chicago grad students unionize, Brazilian civil and religious authorities push almost-rotten food for the poor, and costs of pollution. Interview Dr. Harriet Fraad on psychology and economics of s...

Updates on privatized probation, New Zealand rejects austerity, electricity cutoffs refute "recovery," declining medical insurance, neo-liberalism attacked, rich funders of fake 'public interest groups.' Interview with two professors (Umberto Lorenzo and Richard McIntyre) on Cuba's socialist economy changing toward worker coops.

Updates on passage of CA Disclose Act; Monarch Airlines fails; Equifax, Yahoo, and Johnson & Johnson are untrustworthy US corporations, 2 Sisters Food Group is the same in UK, Washington sues big pharma corporations for contributing to opioid crisis; and socially destructive corporate behavior. Interview with Emma Yorra, specialist in the development of worker coops, Sunset Park, Brooklyn.

Updates on economic costs/benefits of refugees, rise of BRICS nations in world economy (vs US decline), closing and privatization of US public libraries, size of slavery and forced child labor in world economy now, and how the "gig" economy is just another effort to profit by lengthening the working day. Major discussion: what the historical transition to capitalism suggests about transition from...

Updates on Trump/GOP tax plan, Americans having "trouble paying bills," post-1989 Russia more unequal than USSR, Eastern now colony of Western Europe, targeting finance vs entire system, closing rural US hospitals, Puerto Rico as US colony. Interview Dr. Harriet Fraad on economics, psychology and mass murders.

Updates on closing 6,400 retail stores in 2017, decline in US housing starts, 800 major corporations oppose Trump on DACA, US child poverty rates, US to rely on banks' "self-reporting" of their misdeeds, and significance of California Disclose Act. Interview investigative journalist Bob Hennelly on Local 3 strike in New York and its importance to the US labor movement today.

Updates on major capitalist failures, buying senators on health care, opioid addiction's effects on insurance and on labor force participation, price gouging in emergencies, and US income inequality. Major discussion on 100th anniversary of Russian Revolution in 1917: lessons of USSR economic history for 21st century socialism.

Updates on capitalism and hurricanes, the business of drug addiction and overdose, with poverty, hookworm too returns to America, and the economics of elite universities' tax avoidance. Interview with Chris Hedges on a declining, decaying capitalism.

Updates on Wonderwoman, Archbishop's critique of UK economic system, a US Labor Day comment, McDonald's workers strike in UK, economics of hurricanes, and economics of the Trump/GOP tax cut "reform." Interview Dr. Harriet Fraad: the capitalist system's impacts on health - from stress to death - are mostly unacknowledged or taken account of in its key decisions.  

Updates on US working conditions 2017, looming US recession and plans for negative interest rates, schools raise funds by shaming poor school children, and the economics of fascism. Major discussion: why FDR's New Deal (successful trickle up economics) was not repeated after 2008 (unsuccessful trickle down economics). Consequences of post-1945 destruction of coalition that produced New Deal.

Updates on Trump vs Amazon over taxes, Americans dying younger, Monsanto profits at farmers' expense, and economics of homeless school children. SPECIAL GUEST: Activist Ron Robinson on US water crisis.

Updates on how millennials have fallen behind their parents in income wealth, etc., on poor medical outcomes in US despite paying most for health (especially drugs), deepening scandals of German car corps, and why a Chinese t-shirt-maker investment in Arkansas teaches frightening economic lessons. Interview with Prof Michael Hudson on "Junk Economics."

Updates on how golf courses are economically undemocratic, how US drug corps block much cheaper medicine imports, why US corps neither need nor deserve tax cuts, how Monsanto bought academic research to keep dangerous "Roundup" on the market, and the economics and politics of scapegoating immigrants in the US and Germany. Interview with Joerg Rieger and Rosemarie Henkel-Rieger on their combination...

Updates on Russia sanctions, medical companies' failures, cable company monopolies, CEO pay, battling Marxian economics in Utah. Major discussion of economics of socialism.

Updates on United Airlines' profits from customer abuse; bankster blames government; China's rapid economic growth; and worker coop news from Greece, New York, and Massachusetts. Interview with economics professor John Summa on big problems in economics teaching.

Updates on dueling health bills, cutting min wages, Pope on labor unions, Seattle taxes the rich. Major discussions of G-20 "leaders ", Detroit's "revival", beer company goes to worker ownership and directorship.

  Updates on car loans, sales showing falsity of "recovery" claims, airline profits vs service, the G-20 meetings coordinate global austerity, July 4 and capitalism, and the misleading debate over raising minimum wages and losing jobs. Interview with Dr. Harriet Fraad on connections among addictions, capitalism and 12-step programs.

Updates on European sanctuary cities, McDonald's automation, Travis Kalanic, and ritzy restaurant rips off workers. Interview with anti-poverty activist Rob Robinson.

Updates on declining Cal State Univ system, Trump vs coal industry realities, Hudson Yards for mega-rich vs New York's social needs, lotteries' and legalized pot's same economic motives. Major discussions: politics and economic betrayal, revenge; Trump's new austerity budget; why worker coops deserve govt supports; and worker coops and democracy.

  Updates on Oklahoma cuts funds for public schools, why Americans dont take paid vacations owed them, how coal/oil companies fight solar/wind companies to buy politicians that decide what energy system we must live with. Interview with Lisa E Davis, author of "Undercover Girl" about undoing the New Deal, FBI paid informers and destruction of the CPUSA.

Updates on California, Nevada steps toward universal medical insurance, Toronto housing bubble, Air Traffic Controllers and the privatization issue, US, Mexico fight over non-free market in sugar, Illinois credit decline. Interview with Dr. Harriet Fraad on human nature.