
On this week's episode, Prof. Wolff talks about the Chinese economy. China is run by a Communist Party but describes itself as socialist, while the employer/employee structure of its enterprises is capitalist. We examine what this means for (a) its place in the world economy, (b) its place in the transition from capitalism to socialism/communism, and (c) its conflict with the US.
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On this week's show, Prof. Wolff discusses the following: the US is a poor place to raise kids according to a recent Forbes' magazine article, the collapsing restaurant industry, eviction policy (France vs US), Bugatti…
On this week's show, Prof. Wolff discusses corruption of public workers' pensions, capitalist contracts displaced by legal fights, Canada's COVID-19 record vs US, retail apocalypse deepens, and Bezos vs 50 homeless…
On this week's episode, Prof. Wolff presents the following updates: company cutting candy bar size but keeping the same price, Barcelona punishes landlords with empty apartments, Macy's closing stores while giving…
Throughout capitalism's history, the big topic in economics was how far the government should intervene in the economy. Conservatives wanted minimum intervention while liberals and socialists wanted much more. In fact,…
On this week's show, Prof. Wolff presents updates on false "trade-off" between illness and economy, going from normal to extraordinary injustice, hypocritical scapegoating of foreigners instead of facing domestic public…