
This week on Economic Update, Professor Wolff delivers updates on the tentative agreement reached by the unionized portion (85%) of the staff at the Los Angeles Unified School District (400,000 students, 83,300 workers), the three separate labor unions that unified to win major improvements in wages and working conditions, how capitalist versus socialist enterprises would install AI, and how progressive mayors like Mamdani of New York could counter billionaires' threats to evade taxes by moving their businesses if any political leader taxed the rich (or moved to make the rich pay their fair share of taxes). The second half of the show features an interview with Dr. Harriet Fraad, a practicing psychotherapist in New York City, on the global movement to not have children, its social causes, and its social consequences.
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In response to questions about Marx's relevance today, this program explains how Marx's criticism of capitalism was unique (more micro-focused than macro-focused analysis). It shows how Marx's critique of capitalism…
On this week’s episode of Economic Update, Professor Wolff provides updates on the 3 major teachers’ unions struggling with the LA Unified School District, rising electricity costs in the U.S., and corrupt utility…
This week on Economic Update, Professor Wolff discusses the 3800 Colorado meatpackers on strike before diving into a presentation on how the war on Iran and the closure of the Strait of Hormuz have disrupted the…
On this week’s episode of Economic Update, Professor Wolff presents updates on European turmoil that include how the French municipal elections are revealing Macron’s weaknesses, Germany’s opposition of the war on Iran,…
This week on Economic Update, Professor Wolff discusses the flaws in the argument that profit is an appropriate, just return to the risk taken by a capitalist who invests. The critique focuses on (1) what it means that…