Avsnitt
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This week on Economic Update, Professor Wolff explores the last 150 years of largely uncritical celebrations of "the market" as if it were a perfect institution that must be protected from the intrusion of other institutions such as the government, labor unions, and popular organizations. We compare a historical example and the present to criticize today's peculiar mix of market idolatry and its rejection in the U.S.
The d@w Team Economic Update with Richard D. Wolff is a DemocracyatWork.info Inc. production. We make it a point to provide the show free of ads and rely on viewer support to continue doing so.
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We want to thank our devoted community of supporters who help make this show and others we produce possible each week.1:01
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In this week's episode of Economic Update, Professor Wolff discusses certain minimum wages by the Trump administration, the costs of Germany's rearmament, and how Trump's tariffs and deportations have hit central America with economic catastrophe. The second half features a detailed discussion of the historical blaming of foreigners for the internal problems of capitalism in the U.S.
The d@w Team Economic Update with Richard D. Wolff is a DemocracyatWork.info Inc. production. We make it a point to provide the show free of ads and rely on viewer support to continue doing so.
You can support our work by joining our Patreon community:
https://www.patreon.com/democracyatwork Or you can go to our website: https://www.democracyatwork.info/donate
Every donation counts and helps us provide a larger audience with the information they need to better understand the events around the world they can't get anywhere else.
We want to thank our devoted community of supporters who help make this show and others we produce possible each week.1:01
We kindly ask you to also support the work we do by encouraging others to subscribe to our YouTube channel and website: www.democracyatwork.info
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Saknas det avsnitt?
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In this week's episode of Economic Update, Professor Wolff discusses how Marx's class analysis presents a solution to today's inequality and the challenges to overcoming it we have faced throughout history. In short, since the early existence of human society, people lived in tribes, clans, and villages that exhibited equality of wealth, income, and political power among their members. As modern history began to unfold, slavery, feudalism, and capitalism evolved as society as we know it took shape. In each of those three systems, huge inequalities separated people into masters vs slaves, lords vs serfs, and employers vs employees. Exploited and oppressed slaves, serfs, and employees opposed the inequalities of those systems but were unable to overcome them despite repeated efforts (revolutions). Marx questioned why modern societies failed to install and sustain systems of egalitarian wealth and power distribution (democracy). His answer lay in the understanding that class differences within the organization of production produce inequalities and sustain them. Overcoming those inequalities thus requires ending the class divisions within the organization of production and instead organizing in favor of a worker-cooperative structured method of production.The d@w Team Economic Update with Richard D. Wolff is a DemocracyatWork.info Inc. production. We make it a point to provide the show free of ads and rely on viewer support to continue doing so.
You can support our work by joining our Patreon community:
https://www.patreon.com/democracyatwork Or you can go to our website: https://www.democracyatwork.info/donate
Every donation counts and helps us provide a larger audience with the information they need to better understand the events around the world they can't get anywhere else.
We want to thank our devoted community of supporters who help make this show and others we produce possible each week.1:01
We kindly ask you to also support the work we do by encouraging others to subscribe to our YouTube channel and website: www.democracyatwork.info
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In this week’s episode of Economic Update, Professor Wolff discusses the economic causes and effects of the global demographic’s decline, the Trump administration's colonial plans for Greenland, and examples of resistance and fighting back as the Trump/Musk firing of federal workers gets underway. In the show's second half, Professor Wolff interviews the activist, organizer, and people's lawyer, who is organizing multiple fronts of resistance, David Cobb.
The d@w Team Economic Update with Richard D. Wolff is a DemocracyatWork.info Inc. production. We make it a point to provide the show free of ads and rely on viewer support to continue doing so.
You can support our work by joining our Patreon community:
https://www.patreon.com/democracyatwork Or you can go to our website: https://www.democracyatwork.info/donate
Every donation counts and helps us provide a larger audience with the information they need to better understand the events around the world they can't get anywhere else.
We want to thank our devoted community of supporters who help make this show and others we produce possible each week.1:01
We kindly ask you to also support the work we do by encouraging others to subscribe to our YouTube channel and website: www.democracyatwork.info
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This week on Economic Update, Professor Wolff delivers updates on the firing of government workers by Trump/Musk with an economic analysis showing it to be an attack on the U.S. working class followed by a discussion of Trump's foreign policy of turning against Europe as merely an adjustment to an "American Capitalism First" project that is as old as the U.S. The second half of the show, features an interview with U.S. federal employee Colin Smalley, a sixteen-year member of the U.S. Army Corps of Engineers and an IFPTE union member who discusses how and why workers are fighting back.
The d@w Team Economic Update with Richard D. Wolff is a DemocracyatWork.info Inc. production. We make it a point to provide the show free of ads and rely on viewer support to continue doing so.
You can support our work by joining our Patreon community:
https://www.patreon.com/democracyatwork Or you can go to our website: https://www.democracyatwork.info/donate
Every donation counts and helps us provide a larger audience with the information they need to better understand the events around the world they can't get anywhere else.
We want to thank our devoted community of supporters who help make this show and others we produce possible each week.1:01
We kindly ask you to also support the work we do by encouraging others to subscribe to our YouTube channel and website: www.democracyatwork.info
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Professor Wolff takes a deeper look at the life and work of Karl Marx in celebration of the 200th anniversary of his birth.
