This article originally appeared at Moyers & Company.
The March on Washington aimed to secure a decent, livable wage for all Americans as a way to reduce income inequality. Fifty years later, that noble goal remains unachieved. In fact, the 1970s proved to be a turning point. The decades since show a steady decline in the share of national income going to the lower 50 percent and, indeed, to the lower 90 percent of American households.
- Published on July 20, 2013AUDIO
Updates on Fiat labor struggles in Italy, stagnating real wages in US, capitalist corruption (US, China, Russia), "eminent domain" helps homeowners against foreclosure. Interview with Dr. Obery Hendricks, Jr., professor of religion and biblical studies: how the bible contradicts conservatives' interpretations. Responses to listeners on workers coops forming in Italy, how workers coops can manage growth, and US capitalists substituting stock for cash in paying workers.
- Published on July 15, 2013VIDEO
Richard Wolff joins RT's Peter Lavelle and Mark Levine on "CrossTalk." What does a globalized middle class mean for global capitalism? Has the system actually reformed itself since the 2008 slump? And, does the world have the resources to accommodate the demands of the rising middle class?
- Published on July 13, 2013AUDIO
Updates on rich investors buying up and converting foreclosed homes into rental properties, insurance companies prove that allowing guns into schools do not make them safer, gross pay packages for CEOs, effective corporate tax rates far below official 35%, US non-financial corporations hoarding cash, Australian pawn broker records fastest growth in country's retail sector. Major discussions of (a) IMF report on slowing global economy, and (b) why austerity and stimulus programs both do not work. Responses to listeners' question on state of Puerto Rican economy.
- Published on July 6, 2013AUDIO
Updates on political economy of "internships," Philadelphia public schools disaster, Obama criticized by South African unions. Major discussions of social costs of financial crises, "quantitative easing" policies, and the contradictions of capitalism (part 1). Response to question on workers self-directed enterprises as means for transition beyond capitalism.
On Economic Update with Professor Richard Wolff, Wolff and guests will discuss the current state of the economy, both locally and globally in relation to the economic crisis.
- Published on June 22, 2013AUDIO
Updates on G8 and Bernanke "shows", Turkey vs Brazil protests, Europe's austerity, drug companies "pay to delay." Major discussions of crisis in financing public education and of lotteries as disguised tax increases. Responses to listener questions on job losses from progress, worker coops' survivability, capitalism and democracy, and campaign financing reform.