This week on Economic Update, Professor Wolff explores the last 150 years of largely uncritical celebrations of "the market" as if it were a perfect institution that must be protected from the intrusion of other institutions such as the government, labor unions, and popular organizations. We compare a historical example and the present to criticize today's peculiar mix of market idolatry and its rejection in the U.S.

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In this week's episode of Economic Update, Professor Wolff discusses certain minimum wages by the Trump administration, the costs of Germany's rearmament, and how Trump's tariffs and deportations have hit central America with economic catastrophe. The second half features a detailed discussion of the historical blaming of foreigners for the internal problems of capitalism in the U.S. 

The d@w Team Economic Update with Richard D. Wolff is a DemocracyatWork.info Inc. production. We make it a point to provide the show free of ads and rely on viewer support to continue doing so.

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In this week's episode of Economic Update, Professor Wolff discusses how Marx's class analysis presents a solution to today's inequality and the challenges to overcoming it we have faced throughout history. In short, since the early existence of human society, people lived in tribes, clans, and villages that exhibited equality of wealth, income, and political power among their members. As modern history began to unfold, slavery, feudalism, and capitalism evolved as society as we know it took shape. In each of those three systems, huge inequalities separated people into masters vs slaves, lords vs serfs, and employers vs employees. Exploited and oppressed slaves, serfs, and employees opposed the inequalities of those systems but were unable to overcome them despite repeated efforts (revolutions). Marx questioned why modern societies failed to install and sustain systems of egalitarian wealth and power distribution (democracy). His answer lay in the understanding that class differences within the organization of production produce inequalities and sustain them. Overcoming those inequalities thus requires ending the class divisions within the organization of production and instead organizing in favor of a worker-cooperative structured method of production.

The d@w Team Economic Update with Richard D. Wolff is a DemocracyatWork.info Inc. production. We make it a point to provide the show free of ads and rely on viewer support to continue doing so.

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In this week’s episode of Economic Update, Professor Wolff discusses the economic causes and effects of the global demographic’s decline, the Trump administration's colonial plans for Greenland, and examples of resistance and fighting back as the Trump/Musk firing of federal workers gets underway. In the show's second half, Professor Wolff interviews the activist, organizer, and people's lawyer, who is organizing multiple fronts of resistance, David Cobb.

The d@w Team Economic Update with Richard D. Wolff is a DemocracyatWork.info Inc. production. We make it a point to provide the show free of ads and rely on viewer support to continue doing so.

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This week on Economic Update, Professor Wolff delivers updates on the firing of government workers by Trump/Musk with an economic analysis showing it to be an attack on the U.S. working class followed by a discussion of Trump's foreign policy of turning against Europe as merely an adjustment to an "American Capitalism First" project that is as old as the U.S. The second half of the show, features an interview with U.S. federal employee Colin Smalley, a sixteen-year member of the U.S. Army Corps of Engineers and an IFPTE union member who discusses how and why workers are fighting back.

The d@w Team Economic Update with Richard D. Wolff is a DemocracyatWork.info Inc. production. We make it a point to provide the show free of ads and rely on viewer support to continue doing so.

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This week’s episode of Economic Update features updates on the economic risks and costs Europe faces from deporting or blocking immigrants as compared to Spain's prosperity through a pro-immigrant policy, the work of Michael Burawoy, a Marxist sociology professor at UC Berkeley, and how the inflation of meat prices is affected by a four-company oligopoly that controls 85% of the U.S. meat supply. In the second half of this week’s show, Professor Wolff interviews economics professor Shahram Azhar of Bucknell University on his recently published critique of the 2024 Nobel Prize in Economics.

The d@w Team Economic Update with Richard D. Wolff is a DemocracyatWork.info Inc. production. We make it a point to provide the show free of ads and rely on viewer support to continue doing so.

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In this week’s episode of Economic Update, Professor Wolff discusses unionizing Whole Foods workers VS. Amazon and Trump and the contradictions, dangers, and global retaliation of the new administration's tariff program. The show's second half features an interview with political scientist Dr. Wilmer J. Leon III on the China-U.S. competition: its costs, the stakes, and why the U.S. is losing.

The d@w Team Economic Update with Richard D. Wolff is a DemocracyatWork.info Inc. production. We make it a point to provide the show free of ads and rely on viewer support to continue doing so.

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In this week's episode of Economic Update, Professor Wolff discusses Trump's attempts at taking Panama as more evidence of rising colonialism and imperial ambitions, the recent organizing and strike of 10,000 Colorado grocery workers, and finally, corporations and investment funds abandoning DEI. In the second half of the show, Prof. Wolff interviews psychotherapist Tess Fraad-Wolff on capitalism's causal links to declining empathy and rising addictions.

The d@w Team Economic Update with Richard D. Wolff is a DemocracyatWork.info Inc. production. We make it a point to provide the show free of ads and rely on viewer support to continue doing so.

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In this week's episode of Economic Update, Professor Richard Wolff delivers updates on the North Carolina union election at an Amazon warehouse, the deportation of immigrants, and the U.S. construction industry, a lesson in how capitalism installs new technology like A.I. and how it could be far better done. In the second half of this week's episode, Professor Wolff interviews Serena Martin, a formerly incarcerated social activist and executive director of New Hour for Women and Children.

The d@w Team Economic Update with Richard D. Wolff is a DemocracyatWork.info Inc. production. We make it a point to provide the show free of ads and rely on viewer support to continue doing so.

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In this week's episode of Capitalism Hits Home, Dr. Fraad explores the global shift in household structures, which stands in stark contrast to traditional marriage norms. As the fundamental unit for creating and sustaining human life, the family is undergoing profound transformations. Just as the nuclear family once replaced the feudal family, new and diverse family structures are now emerging in place of the nuclear model, as marriage declines and new patterns of child-rearing and family formation take root.