Rank #1: Economic Update: Socialism and Worker Co-ops
20th century socialism is now behind us. Socialists continued to evaluate both its achievements and failures via extensive self-criticism. A changed socialism has emerged, focused on a transition of workplaces from top-down hierarchical capitalist structures into democratic worker cooperatives. The powerful appeal of worker coops as grounding a new 21st century socialism is presented.
Rank #2: Economic Update: Worker Coops Rising
Updates on "regulatory capture" in the US vs EU, IMF report on the US economy today finds major negatives, and how Trump's desperation for re-election shapes his aggressive policies toward the Federal Reserve, China and Mexico. Interview with John Duda from the Democracy Collaborative and one of the founders of Red Emma's Booskstore Coffeehouse, a 30-member worker cooperative in Baltimore.
Rank #3: Economic Update: Is US Capitalism in Decline?
On this episode of Economic Update, Prof. Wolff presents updates on inequalities in pay for CEOs vs average workers; economics of mega-mergers; billionaires' idea of "charity;" economic consequences of attacking Huawei Corp; Bernie leads on two new bills in Congress to expand and provide loans to employee-owned businesses and worker coops.
On the second half of the show, Prof. Wolff interviews Prof. Ric McIntyre on basic problems of US capitalism today.
Rank #4: Economic Update: The Contributions of Karl Marx
Professor Wolff takes a deeper look at the life and work of Karl Marx in celebration of the 200th anniversary of his birth.