On this episode of Economic Update, Prof. Wolff begins with socialism's history especially in the US: from being widely discussed up to 1945, then repressed in the Cold War, and now vigorously revived since 2008. He then examines socialism's basic economic criticism of capitalism in the 20th century. And finally, he shows how and why the socialism emerging now is new and different.

Economic Update: Socialism From Past to Future

Economic Update with Richard D. Wolff is a weekly nationally syndicated program produced by Democracy at Work and hosted by Richard D. Wolff. The program explores complex economic issues and empowers listeners with information to analyze not only their own financial situation but the economy at large. Beyond focusing a critical eye on the economic dimensions of everyday life - wages, jobs, taxes, debts, interest rates, prices, and profits - the program also explores systemic solutions to our economy's problems including alternative ways to organize production and distribution of the goods and services we all depend on.

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Economic Update: Socialism From Past to Future

Economic Update: Socialism From Past to Future

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