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Economic Update is a weekly nationally syndicated radio 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 their own financial situation as well as the economy at large. By focusing on the economic dimensions of everyday life - wages, jobs, taxes, debts, and profits - the program explores alternative ways to organize markets and government policies.
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Global Capitalism: Live Economic Update

Democracy at Work - Richard D. Wolff

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Global Capitalism: Live Economic Update is a series of live lectures by Richard D. Wolff in New York City. Programs begin with 45 minutes of updates on recent events, then a Q&A session with the live audience. We hope to develop all participants’ understanding and ability to explain current economic events and trends to others.
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Jobs, Mortgages, Defaults, Output, Fed Policy, How Much Money You Make, How Much Stuff You Buy - All these things matter.. A lot. Rob Stein has spent decades analyzing economic data and he has traveled the country speaking to large groups about what is happening in the economy and what impact it has on consumers. In this monthly podcast, we will break down what major economic indicators are impacting everyday life. We'll breakdown if the economy is healthy, stagnant, unhealthy, etc. Rob has ...
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Commonwealth Bank of Australia’s Global Economic & Markets Research team will cover off on the latest market and economic news and dive deep into the big issues impacting the Australian and global economy. Information in this podcast is of a general nature only. It does not take into account your objectives, financial situation or needs and does not constitute personal financial advice.
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[EU S14 E19] Prospects for a Political Turn Left This week’s Economic Update Professor Richard Wolff discusses the successful unionization drives that is sweeping across US universities (example: Boston University), We highlight the facts that disprove Biden's "great economy" claims and why inflation is much worse in the United States than in China…
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The 2024/25 Federal Budget was handed down on 14 May 2024. After two consecutive surpluses, a larger than expected profile of budget deficits are forecast for 2024/25 and the years ahead as the Federal government lifts spending on new initiatives while previous revenue gains from a stronger than anticipated economy dry up. In the podcast Belinda Al…
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In honor of Karl Marx's birthday over this past weekend, Professor Richard Wolff offers a discussion of Marx's important theory of uneven development as central to capitalism. We show its widespread existence, using examples of it from the past and present. We conclude by showing how uneven development is at the root of key social problems in capit…
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A Marxist Critique of Capitalism for 2024 - Core Issues: Labor, Surplus, Exploitation - Inequality and Injustice - Instability: Cycles and Crises - Alternatives to Capitalism Co-sponsored by Democracy at Work and Left Forum Special messages to our audience: Please help sponsor Global Capitalism by becoming a monthly donor to Democracy at Work. Spec…
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The CommBank Household Spending Insights (HSI) fell by 1% in April and annual growth also softened, down to just 2.6%, from 3.9%/yr in March. In this podcast, Belinda Allen, Senior Economist, and Stephen Halmarick, Chief Economist discuss the April results and the new additions to the HSI this month. For April, Food & beverage goods, Hospitality, R…
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In this podcast, Senior Economist Belinda Allen sits down with Economist Stephen Wu to discuss a busy last week for the Australian economy and financial markets. They cover last week’s May RBA Board Meeting and the fall in retail trade volumes. They also preview an important week ahead with wages and labour force data due, and the 2024/25 Federal B…
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[EU S14 E18] Uneven Development a Key Problem of Capitalism This week in honor of Karl Marx's birthday over this past weekend, Professor Richard Wolff offers a discussion of Marx's important theory of uneven development as central to capitalism. We show its widespread existence, using examples of it from past and present. We conclude by showing how…
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Today we offer a very special Global Capitalism special in honor of “May Day” Today's May Day Special, a collaborative effort with long-time contributor Charles Fabian, opens with the major causes for why May Day 2024 is so special. These include the fact that the great crash of global capitalism in 2008-2009 shook the world in ways that include sh…
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[EU S14 E17] The Phenomenon of China This week’s Economic Update Professor Richard Wolff dedicates the entire show to the economic developmental achievement of China, together with the historical background that motivated that achievement. We analyze the uniqueness of both the economic philosophy and the politics of China. The d@w Team Economic Upd…
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In this week’s Economic Update, Professor Richard Wolff devotes the program to understanding government spending, specifically how it shapes the larger society. We will focus on two questions 1) What is the government spending on? and 2) How is that money going to be used, and who benefits? If government spending only flows to capitalist corporatio…
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[EU S14 E16] A Critique of Government Spending This week’s Economic Update Professor Richard Wolff devotes this program devoted to how to understand government spending. How it shapes the larger society. We will focus on two questions 1) What is the government spending on? and 2) How is that money going to be used, and who benefits? If government s…
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In this week’s Economic Update Professor, Richard Wolff examines US spending on war materials for Ukraine and Israel, we will discuss Chinese Electric Vehicle imports and the US's protectionist response, and we will highlight the possible convergence of worker cooperatives as part of union negotiating strategies, and we discuss the impact of Harvar…
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[EU S14 E15] A Sea Change In US Labor's Militancy In this week’s Economic Update Professor, Richard Wolff examines US spending on war materials for Ukraine and Israel, we will discuss Chinese Electric Vehicle imports and the US's protectionist response, and we will highlight the possible convergence of worker cooperatives as part of union negotiati…
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In this week’s Economic Update, Professor Richard Wolff discusses how the capitalist political economy can explain the Baltimore Bridge disaster and we then explain why raising minimum wages helps big vs small businesses. We highlight the recent court rulings in New York and how cities can lower rents for their citizens as Kingston, NY just did, (i…
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In this edition of the podcast, Belinda Allen, Senior Economist and Stephen Halmarick, Chief Economist discuss the subdued results of the March CommBank Household Spending Insights series. An early Easter boosted Food & beverage goods spending and higher petrol prices boosted Transport spending. Recreation and Household goods spending was weak. The…
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On this week’s Economic Update, Professor Richard Wolff discusses the US Treasury Department's charge against Apple as a monopoly, Georgia's state government siding openly with employers against unions, two union members deciding to enter important elections as independent voices in Nebraska and West Virginia, and a critique of the FED's policy tha…
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This week features updates on resurging child labor in the US, college athletes voting to join unions, and unionization sweeping not-for-profit charities (hospitals, museums, etc) such as MassMoca in western Massachusetts. We will also have a major discussion of how capitalism concentrates power in mass media (including social media), in authoritar…
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On this week’s Economic Update, Professor Richard Wolff discusses the UAW union’s latest moves; their organizing drives at auto plants, their efforts to form unions among employed and free-lance journalists. In addition, we will highlight New York Governor Kathy Hochul’s decision to deploy national guard troops in New York City subways and what tha…
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This week's episode of Economic Update hosted by Professor Richard Wolff, we discuss United Kingdom politician George Galloway's by-election victory, and the raised minimum wage in the UK. We will comment on Elon Musk's lawsuit against the NLRB, as Trader Joe's, Starbucks, and Amazon also join to ask the right-wing Supreme Court to gut regulation o…
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Media coverage in the past month have highlighted diverging views towards the Government’s New Vehicle Efficiency Standard (NVES). The NVES will, for the first time in Australia’s history, set tailpipe emission targets for new light vehicles sold in Australia. Indeed, the NVES will send a strong signal that Australia will prioritise low-emissions v…
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Introduction to mandatory climate reporting in Australia could mean large businesses would need to estimate and report scope 3 emissions. What are scope 3 emissions? And how do they differ by industry? To answer these questions, John Oh, Sustainable Economist and Joseph Capurso, Head of International and Sustainable Economics sit down to discuss th…
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February 2024 showed further evidence of a slowdown in consumer spending according to the CommBank Household Spending Insights series. A fall of 0.3%/mth occurred in February, with the peak in the index occurring in November 2023. There was evidence of a Taylor Swift, and other musical acts induced lift in spending with parts of Recreation and Hosp…
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This week's episode of Economic Update we discuss the underemployment of US college graduates, failed anti-Russian sanctions, the collapsed UK birth rate, and expanding wars in the Middle East. In addition, we will dive into the costs and risks in absence of a ceasefire in Gaza. Finally we Interview Dr. Harriet Fraad, host of Capitalism Hits Home a…
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