
This program responds to a criticism that D@W focuses too much on the transition from capitalist firms to worker-coop firms with too little attention paid to the larger social changes needed to get beyond capitalism. Discussion focuses on the broader social changes needed to sustain a worker-coop based economy including a government that administers an economy-wide democratic sharing of profits and resources among the worker-coop enterprises.
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Introduction to capitalism's systematically uneven economic development. From Marx's original criticism of capitalism for producing and reproducing unevenness to the many historical examples, today's program argues that…
Discussions of (1) "unemployment rate" as inadequate measure of economy's well-being; (2) decline of real value of US minimum wage; (3) multiple failures and flaws of markets, (4) corporations as less economically…
Updates on France's successful mass uprisings (Yellow Vests in 2019; mass union strikes in 2020) that forced gov't to back down on changes that workers opposed; how endless wars impose huge debts; and how US Catholic…
Updates on sale of coop craft brewery, US medical costs highest in world, and the "overcoming poverty" defense of capitalism's inequality and instability. Interview Laura Flanders on independent media.
On this all new episode, Prof Wolff discusses three major criticisms of Economic Update: (1) that we don't praise capitalism for reducing world poverty, (2) that we don't admit that "socialism has never worked…