income

WOLFF: The fear of so-called maximum or full employment seems to go back to your [point on] discipline. In other words, if there’s lots of jobs, if the unemployed is small, then your ability to discipline your workers is reduced because they know they can get another job if you fire them. GOLDBERG. You need…

Read More Richard Wolff and Gertrude Goldberg on US unemployment & the idea of full employment

What Do ISIS & Saudi Arabia Have In Common? What Do ISIS & Saudi Arabia Have In Common?

Saudi Arabia just crowned a new king — a king that has stronger ties than his predecessor to the primary religion in Saudi Arabia, a version of Islam called Wahhabism. ISIS also claims strong ties to Wahhabism. So, what is Wahhabism, and how does it affect this region? Wahhabism is a strict form of Sunni…

Read More What Do ISIS & Saudi Arabia Have In Common?

Today’s EU:  Trump’s State of the Union Today’s EU: Trump’s State of the Union

This is today’s economic update from Richard Wolff for Democracy at Work and for our Patreon community. I want to speak very briefly today about one particular assertion by President Trump in the State of the Union message that subsequently got quite a bit of play, but shouldn’t have because it is a classic misrepresentation…

Read More Today’s EU: Trump’s State of the Union

How America Created Its Shameful Wealth Gap with Robert Reich How America Created Its Shameful Wealth Gap with Robert Reich

“You drink too much coffee.” “You eat out too much.” “You shouldn’t buy that fancy phone.” “You don’t know how to budget.” “That’s why you don’t have any money.” Maybe you’ve heard these reasons for why you’re struggling to get by. People of color hear them all the time. They are lies. Listen up. To…

Read More How America Created Its Shameful Wealth Gap with Robert Reich

Todays EU: Trump withdraws US troops from Syria Todays EU: Trump withdraws US troops from Syria

Hello friends. Here’s today’s Economic Update for our Patreon community. I want to talk briefly about the decision by the Trump administration to withdraw US troops from Syria. I’m not going to talk about the dimensions that have been covered in the press, as Republicans and Democrats have both criticized the president, talked about betrayal…

Read More Todays EU: Trump withdraws US troops from Syria

Today’s EU: Wealth Tax Today’s EU: Wealth Tax

Today’s EU for our Patreon community: In recent days and weeks, a number of billionaires have taken to very public whining. Here’s what they’re whining about, and I’m particularly focused on Leon Cooperman, a hedge-fund billionaire, and Jamie Dimon, the head of the largest bank in the United States — names that I assume many…

Read More Today’s EU: Wealth Tax

Obama on the state of the world: the extended Vox conversation Obama on the state of the world: the extended Vox conversation

Matt Yglesias: This is a really sort of big picture question, but over the years, I’ve heard a number of different members of your team refer to your kind of philosophy in foreign affairs as realism. Is that a term you would use? Barack Obama: You know, traditionally, a lot of American foreign policy has…

Read More Obama on the state of the world: the extended Vox conversation

The death of America’s middle class: Sky-high rent, second jobs, and 1% TV | Alissa Quart The death of America’s middle class: Sky-high rent, second jobs, and 1% TV | Alissa Quart

So, we used to think of the middle class as this safe category, it was 40-hour work weeks, pensions, people worked who were teachers, professors, lawyers even. And now it’s a shakier category and that’s why I called it the “middle precariat,” as in precarious. Now to be middle class you might not be able…

Read More The death of America’s middle class: Sky-high rent, second jobs, and 1% TV | Alissa Quart

Universal basic income: The plan to give $12,000 to every American adult | Andrew Yang Universal basic income: The plan to give $12,000 to every American adult | Andrew Yang

Universal basic income is an idea that’s older than America, where Thomas Paine was for it at the founding of the country, he called it the citizen’s dividend. Decades later Martin Luther King, Jr. was for it. He championed it before he was assassinated in 1968. And Milton Friedman and 1,000 economists signed a study…

Read More Universal basic income: The plan to give $12,000 to every American adult | Andrew Yang

Anti-Capitalist Chronicles: Alienation – Part 2 Anti-Capitalist Chronicles: Alienation – Part 2

This is David Harvey, and you’re listening to the Anti-Capitalist Chronicles, a podcast that looks at capitalism through a Marxist lens. This podcast is made possible by Democracy at Work. So last week I was talking about alienation in the labor process, and the extension of that alienation given contemporary transformations in divisions of labor,…

Read More Anti-Capitalist Chronicles: Alienation – Part 2