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Economic Update with Richard D. Wolff
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Economic Update with Richard D. Wolff

Author: Democracy at Work, Richard D. Wolff

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Economic Update is a weekly nationally syndicated radio program produced by Democracy at Work and hosted by Richard D. Wolff. The program explores complex economic issues and empowers listeners with information to analyze their own financial situation as well as the economy at large. By focusing on the economic dimensions of everyday life - wages, jobs, taxes, debts, and profits - the program explores alternative ways to organize markets and government policies.
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On this week's show, Prof. Wolff discusses Amazon's profits; New York state's eviction crisis and capitalism's reproduction of poverty and inequality; New York's stock transfer tax; raising the minimum wage; and the subsidizing of billionaire's big sport businesses.    
The extreme economic inequalities of both global and US capitalism are not new or exceptional. Capitalism reproduces inequality and repeatedly blocks or reverses redistribution efforts.Inequality stems from capitalist enterprises' internal organization: a tiny minority, employers, with dominant, unaccountable power enriches itself at the expense of all others, the employee majority. To overcome capitalism's inequality requires democratizing its enterprises' organizations.
On this week's show, Prof. Wolff presents updates on the radical policies of Berlin's city gov't and its Die LInke Party; why raising minimum wage to $15/hour is too little, too late; how bans on evictions and utility shut offs fight Covid-19; and lastly, he argues for the urgent need for a changed China policy. On the second half of the show, Wolff interviews Prof. Arlie Hochschild on her 10 year study of the US political right.
Professor Wolff takes a deeper look at the life and work of Karl Marx in celebration of the 200th anniversary of his birth.
Comments (35)

Promaxius

Please don't blanket all Libertarians under one category. Please say Libertarian-Capitalists or Anarcho-Capitalists. ✊🏻🥰🏴🚩

Oct 3rd
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David S

Excellent, concise discussion, Prof. Wolf!

Aug 13th
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Promaxius

We don't need the government anymore.

Jul 16th
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Promaxius

To say Marx is the most important critic of capitalism is very Eurocentric and excludes BIPOC critics.

Jul 4th
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Promaxius

Why the fuck did you bring Dore on? Smfh.

Jun 11th
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Promaxius

I know you referenced Syndacalism as a brand of Socialism, but I'd really appreciate it if you mentioned Anarchist methods of organizing a Socialist/Communist economy/society.

Jun 5th
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Masoud Khaghani

It might be an incredible interview, but I could not understand anything from it due to very poor audio quality

May 28th
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R U Poed

Thank you❤️

Mar 8th
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Jason Schaefer

What happened to all the old episodes? I only have 4 showing now.

Feb 4th
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Nick Geffen

Amazing! Thorough yet concise, empirical and consistent. Thanks for everything you do, Democracy at Work! <3

Jan 14th
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Rick Bettencourt

outstanding program

Jan 5th
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jeremiah becker

I've followed R.D. Wolff for a while and have enjoyed his books, but he is way off on UBI. he frames the argument completely wrong and doesn't seem to understand the underlying justification for it.

Dec 31st
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Aaron Ayala

the only problem is that this implies that conservative politicians haven't allowed labor disparities and inequality to forment specifically because it makes voters easier to exploit and lie to

Dec 19th
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Rick Bettencourt

outstanding program

Nov 9th
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Thomas Drew

His brief history of China is utter dreck.

Nov 9th
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Rick Bettencourt

excellent program

Sep 14th
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Rick Bettencourt

outstanding program

Sep 12th
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Rick Bettencourt

outstanding program

Sep 6th
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Ian b

love r.d. wolffe with 2 F's for a double dose of his Fight for Freedom and equality!

Aug 24th
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space_junk

Yes daddy's home I've been very naughty please spank me Mr trump. Put a dog collar on me and drag me around Oakland.

Mar 25th
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