Economic Update: U.S. Economy and the Market
Welcome, friends, to another edition of Economic Update, a weekly program devoted to the economic dimensions of our lives – jobs, incomes, debts – all of that. I’m your host, Richard Wolff, and today I want to begin by dividing our program into two major discussions. The first part will be the condition of the…
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Richard Wolff and Harriet Fraad on Sports in Capitalism
FRAAD: So, it’s one area where Americans can watch people compete who are qualified not by their parents money, or theirs, but actually by their own skill, by their own determination, and by their own ability to play as a team. And they have emphasized over and over again that they are a team. People…
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Richard Wolff on Lessons from Working Class History
The working class has been crucial, at every step of the way, in allowing, incoming forward, in retreating, in allowing the destruction of its institutions that had protected it. You know, in Europe none of this kind of thing happened in the same way. Why? Because the working class did not suffer the kind of…
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Richard Wolff: Price of coffee beans have dropped but the cost of your cup of coffee hasn’t
Over the last three years the price of coffee (per pound, at the farm, the beans, the coffee beans) has gone from over $1.20 per pound to $0.55 per pound. That’s a drop of more than 50%. It destroyed the livelihoods of tens of thousands of small coffee farmers all through Honduras, El Salvador, Guatemala,…
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AskProfWolff: PG&E Bankruptcy and Worker Co-ops
This is Richard Wolff with a response to a question sent in from our Patreon community and in particular from Matt Slagle. Good question! Very much worth a response! Matt asks about the tremendous controversy in California over the performance—or better put the malperformance, the bad performance—of a major public utility there: Pacific Gas and…
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Richard Wolff counters libertarian arguments against socialism
The first thing that struck me about this libertarian forum were the arguments of my other debater (the one debating against me) that kept referring to the problem of socialism being that Russian leadership under socialism and Chinese [leadership] had killed millions of people. I always find this a bizarre way of arguing about economic…
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Economic Update: Teaching Economics – A Revolutionary Approach [Trailer]
WOLFF: The first thing that struck me about this libertarian forum were the arguments [that] socialism had killed millions of people. If you’re gonna go this route of counting the dead let’s start with world wars I & II. Colonialism & imperialism. I mean, why do you think there was a slave trade? CRAMER: We…
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Richard Wolff and Dr. Amy S. Cramer on teaching economics
CRAMER: We all know we live in a world of extreme partisan hostility; extreme, hateful negativity. And it’s keeping us from generating the kind of brilliant ideas that we need in order to create prosperity for all of us. And that’s [VOTE’s] goal. Its goal is to spark new ideas. And we do it in…
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The Market Revolution: Crash Course US History #12
Hi, I’m John Green, this is Crash Course US History and today we return to one of my favorite subjects: economics. Mr. Green, Mr. Green, I don’t wanna brag, but economics is actually my best subject. Like, I got the bronze medal at the state academic decathlon tournament…among C students. Yeah, I remember, Me from…
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Wealth inequality is literally killing us. The economy should work for everyone. | Alissa Quart
So for some of the people I interviewed in Squeezed, when they were going through economic hardship they’d get sick physically, they would be psychologically troubled, they’d have to go on anti-anxiety medications—sometimes they wouldn’t even have healthcare so that would be an added expense, and some of the subjects might experience something called “decision…
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