Economic Update with Richard D. Wolff

On this week's episode of Economic Update, Professor Wolff delivers updates on the political theater, of the U.S./Iran hostilities, the political shock of Zohran Mamdani's Democratic primary win in New York City, the withdrawal of union leaders from the Democratic National Committee, and the rising trade among BRICS crosses the $1 trillion milestone. In the second part of today's show, Prof. Wolff interviews two leaders of the musicians' union representing the orchestra of the Metropolitan Opera at Lincoln Center, New York City: Javier Gandara and Stephanie Mortimore.

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     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 on Economic Update, Professor Wolff, responding to requests, explores the parallels between what led to the rise of Hitler and fascism in Germany after World War I and what has brought the US to Trump and his current policies. Many key basic parallels are presented alongside some remaining differences that help explain why what Trump is doing is not yet what a fully formed US fascism would entail.

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     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 has a one-on-one discussion with Pulitzer Prize winner Chris Hedges, who draws on history, his years as a correspondent and NY Times Middle East Bureau Chief, and his current work on and in the Middle East. He explains why Israel attacked Iran and what the short and long-term prospects are for their war. He also devotes some of his analyses to examining Israel's genocidal policies toward Palestinians.

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

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 features an analysis by Professor Wolff on:  1. How Trump seeks to address the problem of costly American wars and their impact on sharply rising budget deficits,  2. How the rising U.S. debt has led to the loss of the United States’ "AAA" credit rating,  3. How Trump’s response is to seek to slash government spending and raise money by imposing tariffs on the entire world,  4. How this backfires as other countries retaliate, hurting US exports and causing the dollar to lose its appeal as the world's safest currency,  5. How China's economic rise is more substantial than the U.S. measures aimed at stopping or slowing that rise,  6. How the declining U.S. empire undermines the U.S. capitalist economy by making it increasingly difficult for CEOs and other corporate leaders in the U.S., households, and the government to prevail over and dominate the U.S. economy and society.

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

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

Professor Wolff takes a deeper look at the life and work of Karl Marx in celebration of the 200th anniversary of his birth.