Economic Update with Richard D. Wolff

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. You can support our work by joining our Patreon community: https://www.patreon.com/democracyatwork Or you can go to our website: https://www.democracyatwork.info/donate [https://www.democracyatwork.info/donate]   Every donation counts and helps us provide a larger audience with the information they need to better understand the events around the world they can't get anywhere else. We want to thank our devoted community of supporters who help make this show and others we produce possible each week.1:01 We kindly ask you to also support the work we do by encouraging others to subscribe to our YouTube channel and website: www.democracyatwork.info

In this week's episode of Economic Update, Professor Wolff discusses the "catalog" of 2024's economic problem areas: (1) Slow growth relative to China/BRICS; (2) the war in Ukraine; (3) the crises in Gaza and the greater Middle East; (4) Biden & Trump tariffs policy; (5) scapegoating immigrants; (6) corporations disinterest in climate change and DEI initiatives; (7) rising U.S. labor militancy and public support,' (8) rise of violence; (9) social security benefit increases' failure keep up with inflation.    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. You can support our work by joining our Patreon community: https://www.patreon.com/democracyatwork Or you can go to our website: https://www.democracyatwork.info/donate [https://www.democracyatwork.info/donate]   Every donation counts and helps us provide a larger audience with the information they need to better understand the events around the world they can't get anywhere else. We want to thank our devoted community of supporters who help make this show and others we produce possible each week.1:01 We kindly ask you to also support the work we do by encouraging others to subscribe to our YouTube channel and website: www.democracyatwork.info

This week's episode of Economic Update, Professor Wolff delves into key global developments, including President Trump's looming tariff wars, the collapse of Emmanuel Macron's government in France, and massive strikes by Volkswagen workers in Germany. He also examines the fall of governments in South Korea and Syria and its implications, along with the public reaction to the assassination of a prominent healthcare CEO. Professor Wolff concludes by analyzing how these events collectively highlight class struggles fueled by the declining U.S. empire and its systemic challenges.   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. You can support our work by joining our Patreon community: https://www.patreon.com/democracyatwork Or you can go to our website: https://www.democracyatwork.info/donate [https://www.democracyatwork.info/donate]   Every donation counts and helps us provide a larger audience with the information they need to better understand the events around the world they can't get anywhere else. We want to thank our devoted community of supporters who help make this show and others we produce possible each week.1:01 We kindly ask you to also support the work we do by encouraging others to subscribe to our YouTube channel and website: www.democracyatwork.info

In this week’s episode of Economic Update, Professor Wolff dives deep into why socialism remains a popular and successful economic system. Professor Wolff highlights new laws passed by the government of Spain that punish airline companies who employ 'unjustified' airline passenger fees. We then debunk the unsubstantiated and nonsensical myth we hear so often that: 'Socialism has never worked,' and finally we juxtapose the history of the last capitalist collapse (1930s Great Depression) when the US working class turned left versus the current crisis of US capitalism when the initial turn of the working class is to the right.   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. You can support our work by joining our Patreon community: https://www.patreon.com/democracyatwork Or you can go to our website: https://www.democracyatwork.info/donate [https://www.democracyatwork.info/donate]   Every donation counts and helps us provide a larger audience with the information they need to better understand the events around the world they can't get anywhere else. We want to thank our devoted community of supporters who help make this show and others we produce possible each week.1:01 We kindly ask you to also support the work we do by encouraging others to subscribe to our YouTube channel and website: www.democracyatwork.info

On this week’s episode of Economic Update, Professor Wolff devotes this week's episode to Labor Unions and Political parties. We explain why US & Western capitalism today provoke labor and unions into more and more social and political action. The latest examples are the recent Canadian Postal Workers strike and the Barnes and Noble bookstore workers rally in New York City. The Professor discusses the history of the standard practice of employers filing complaints with the National Labor Relations Board to dispute the results of elections that form unions.  Finally a major discussion on politics and the intersection of labor. What will be unions' relationship to political parties? Will we see general strikes and mass popular mobilizations? Only time will tell.    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. You can support our work by joining our Patreon community: https://www.patreon.com/democracyatwork Or you can go to our website: https://www.democracyatwork.info/donate [https://www.democracyatwork.info/donate]   Every donation counts and helps us provide a larger audience with the information they need to better understand the events around the world they can't get anywhere else. We want to thank our devoted community of supporters who help make this show and others we produce possible each week.1:01 We kindly ask you to also support the work we do by encouraging others to subscribe to our YouTube channel and website: www.democracyatwork.info