Economic Democracy

  • Economic Update: Economics of Foreclosures

    Updates on Social Security, real wage decline, part-time work, political mavericks and others, subsidy for Walmart. Interview with Laura Gottesdeiner on foreclosure epidemic. Response to listeners on demographic change and economics.

    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.

  • How Much Would a Minimum-Wage Increase Help Students?

    This article originally appeared at USA Today.

    Christin King, like many college students, is worried about keeping up her grades and squeezing in extracurricular activities while holding a job.

    “I’m really stressing out,” she says. “I don’t know how I’m going to fit it all in.”

  • Economic Policy Debates: Theater of Distraction

    This article originally appeared at Truthout.

    Endless debates over austerity vs. stimulus policies agitate governments. Which is "the correct" one to escape global capitalism's ongoing crisis? The debates proceed as if official policies were key to ending crises. But the politicians' fights over policies are mostly distractions from the main events: how crises usually end themselves and their immense social costs.

  • Economic Update: Economy: Private and Public

    Updates on polls on the economy, austerity and national debts, financial transaction tax, North Carolina's people mobilize on economics, G-20 plans to tax corporations, austerity's privatization effects, and Walmart fights DC to keep minimum wage low. Major discussions on Detroit's bankruptcy and private versus public enterprises. Response to listeners on "wagemark" and on capitalism and race.

  • Democracy Now!: Detroit a "Spectacular Failure"

     

    Professor Wolff joins Amy Goodman to discuss President Obama's "Drop Dead" moment for Detroit.

    A transcript of this video is available at Portside.

  • The Opposite of What the Marchers Demanded

    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.

  • Detroit's Decline Is a Distinctively Capitalist Failure

    This article originally appeared at The Guardian.

    A Catalan translation of this article is available at Espai Fàbrica.

    Capitalism as a system ought to be judged by its failures as well as its successes.

  • Breaking the Set: Bailing Out Detroit

     

    Richard Wolff joins Abby Martin on RT's "Breaking the Set" to discuss Detroit's bankruptcy.

  • Economic Update: Economics and Religion

    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.

  • RT CrossTalk: Class Globalization

     

    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?

  • Economic Update: How the System Works

    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.

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