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.
Prof. Wolff's continued interview from EU X S8 E 12 with Dr. Harriet Fraad on why U.S. workers don't rebel more against systemic deprivations.
Economic Update Extra: Professor Wolff's continued interview fromEU X S8 E11 with Troy Walcott.
Professor Wolff's continued discussion from S8 Episode 10 of how politics serves to sustain capitalism.
This is the continuation of Dr. Harriet Fraad's interview from August 5, 2018.
This is the continued interview from S8 E7 with the Toys 'R Us interviewees, Cheryl Claude & Charles Khan.
Prof. Wolff continues the interview with Will Menake and Matt Christman from Chapo Trap House.
Updates on new approach to Labor Day, DNC accepts fossil fuel donations, Turkey's crisis as typical capitalist instability, collapse of Genoa toll bridge, exploding gap between CEO and average worker pay, Gallup Poll on capitalism vs socialism in US.Interview with Dr. Harriet Fraad on why US workers don't rebel more against systemic deprivations.
Updates on Missouri vote for union position, the irrationality of student debt, economic sanction of Iran isolates and costs US for Trump political gains, Monsanto puts profits over cancer risks, Louisiana legislature punishes big banks for lending to assault rifle producers (not for money laundering, illegal fees, mortgage loan disaster etc.). Interview with Troy Walcott, striking Spectrum Cable technician.
Updates on poverty in California, childhood obesity in US, economic fallout from (real meaning of) Trump steel tariff. Prof Wolff responds to questions by explaining how US politics has sustained US capitalism and what the politics of change will require.
Updates on social costs of criminalizing marijuana, US food outlets taken over by foreign conglomerates, capital labor conflict in India, Trump's Signature Bank swamp, New Zealand makes 10-days paid domestic violence leave mandatory. Interview with Matt Christman and Will Menaker of the Chapo Trap House podcast phenomenon: how and why its mix of comedy and sharp social criticism grew to be so popular."
Updates on Europe's higher labor force participation; Cuomo campaign fakes "small donations"; US restaurants decline as pinched incomes switch to food delivery; "market" housing system causes homelessness; education fails to overcome black-white wealth gap. Interview with Dr. Harriet Fraad on causes and consequences of US declining fertility rate.
Prof. Wolff continues his interview with Moumita Ahmed, co-founder of Millennials for Revolution (formerly Millennials for Bernie Sanders) and Digital campaign strategist from Queens NY.
Updates on New Zealand firm succeeds with 4 day workweek; Vienna's public housing successes; Fordham adjuncts' union wins big; Burberry destroys $ millions in new clothes; precarious US jobs worsen alcoholism among young; US airlines raise profits by shrinking toilets. Interview on collapse of Toys-R-Us chain (causes and consequences) with worker Cheryl Claude and organizer Charles Khan.
Updates on Trump's tariffs cost Americans jobs, shifting capitalist alliances don't change the system, Irish parliament stops investing in fossil fuels, Washington state forced fast food employers to stop rigging labor market against employees, why Germany's "dependence" on Russia is less that the US dependence on China, and why China does not "steal" US technology. Interview with Moumita Ahmed, co-founder of Millennials for Revolution."
Updates on Nissan emissions cheating, Americans value labor unions, 2017 corp tax cuts boost share prices, worsened inequality, Trump/GOP trade war reality vs fakery. Interview Elizabeth Marciano, West Va. teacher on state's successful, historic 2018 public school teacher strikes.
Prof. Wolff continues the interview with Bob Hennelly.
Prof. Wolff continues his interview with Eli Campbell.
Prof. Wolff continues the interview with Prof. David Harvey.
Updates on the Left victory in Mexico's election, SCOTUS's Janus decision, Foxconn fakery in Wisconsin, forced labor for Medicaid beneficiaries, and scapegoating of immigrants exposed. Interview with Dr. Harriet Fraad on the personal, psychological effects of a dying US empire.
Updates on Colorado's laws favoring coops, capitalism and suicide, rent control on California ballot, foreign trade controls, French govt vs GE, Ford buys station it helped wreck. Interview with David Harvey on Marx's contribution to understanding capitalism now.
Updates on the exploding suicide rate in the US, irrational home-building reflects and worsens inequality, VA nurses sue because of overwork required but not paid for, Uihlein family gives extreme right wing candidates (including Roy Moore), mocking claims that this is a one-person-one-vote democracy, Interview with Eli Campbell on the exploding student debt issue and the campaign to boycott its repayment.
Updates on tariffs as political fiction, Irish state apologizes for the gross exploitation of girls and women, illegal toxic vehicle emissions continue, Senator Gillibrand seeks to cut restrictions on worker coops. Interview with reporter Bob Hennelly on the US housing crisis as a sign of an unraveling economy.
Updates on China's life expectancy, Ireland's vote, US unemployment, Amazon's quitting bonus, Johnson and Johnson put profits before public health, die-ins at Publix succeed, Macron gets union backlash, Poor People's Campaign exposes US poverty, Canada races to the bottom, super-rich spend wildly. Interview with Dr Harriet Fraad on #metoo movement and its economic and social effects.
Updates on Armenia's Political Spring, banks big profits, Harley-Davidson fires hundreds, unjust criminal penalties, US households' financial distress, Germany bans diesels, US drug companies put profits above health again, and huge wealth increase among world's 2,754 billionaires. Interview with Roderick Prude (union worker) and Dyln Namm (student) on successful student-worker alliance at New School University's cafeteria struggles.
Professor Wolff takes a deeper look at the life and work of Karl Marx in celebration of the 200th anniversary of his birth.
Updates on decline of cities/private cities, freelancers' economy, why legalize sports betting now, Fiat-Chrysler-Porsche added to emissions cheating scandal, new federal jobs guarantee, Catholic University attacks tenure. Interview with Chris Hedges on unsustainable US system.
Updates on Theranos bankruptcy and workers' risks, our second "gilded age," mortgage lenders turn to rich borrowers, Trump on drug prices is just rhetoric, economic effects of breaking Iran treaty. Interview with Prof Miguel Robles-Duran on gentrification and crisis of cities.
