Economic Update

Economic Update - "Capitalism's Worst Nightmare"

On this week's show: what major social changes will flow from today's combination of major economic crash and the viral pandemic (capitalism's worst nightmare)? To answer, we consider how European feudalism changed after its 14th century combination of economic decline and the bubonic plague. The two big changes then were (1) switching from a decentralized to a strong state, monarchical feudalism and (2) transition from feudalism to capitalism. The two big parallel changes now are also (1) switching to a strong state capitalism and (2) transition from capitalism to a worker-coop based economy.

Economic Update - "Cuban Commitment to Worker Coops"

  On the first half of this week's show, Prof. Wolff presents updates on the different metrics used for US unemployment, IMF on uneven recovery, money and US elections, Indigenous People's Day, and lastly China's commitment to digital currency, while big banks hold back other countries. The second half of the show features an interview with Havana professor Camila Piniero Harnecker.

 

 

Economic Update - "Progressive Social Media Surges in Canada"

On the first half of this week's episode, Prof. Wolff presents a critique of pandemic eviction and updates on: the real US unemployment costs, Denmark sides with Germany against US pressure, China's successes, and lastly, why there has been no economic recovery in the US. On the second half of the show, Wolff interviews Lance of The Serfs, a major Canadian left-wing podcast.

Economic Update - "New US Labor Militancy"

 On this week's show, Prof. Wolff talks about the Geneva, Switzerland vote that's raising the min wage to $ 25.16/hour or over $50k/year; GOP block federal aid to cities and states; economics of police brutality; 20th vs 21st century depressions; and lastly, how profit motivates capitalists to market fake, toxic hand sanitizers. On the second half of the program, Wolff interview John Samuelsen, President of Transport Workers Union in the US. 

 

 

Economic Update - Capitalism's Anxiety About the State

On this week's show, Prof. Wolff presents updates on how capitalism gets in the way of fighting Covid-19, systemic racism and Covid-19, why Europe did not allow the mass unemployment imposed on the US, and Wells Fargo CEO's fake excuse for lack of diversity among bankers. In the second half of the show, Wolff explores why capitalism fears the modern state and how it controls that state.