🌤 Climate Change from the Economic Point of View

Everyday we hear chilling stories about climate change in the media: In a dozen years or so humanity will certainly die out, forests will burn or wither, and the glaciers will melt, drowning us in the rapidly spreading oceans. It is necessary to react right now, as it may already be too late. We must […]

Regulating Monopolies: A History of Electricity Regulation – Learn Liberty

One way we usually associate with government intervention or government activity is the regulation of monopolies. And we think of legislation like the Sherman Antitrust Act as a way that we control the growth of monopoly, market power, and the ability of firms to come to dominate one industry. The history of this kind of […]

Why Is America So Rich?

The United States is the world’s most prosperous economy. It’s been that way for so long — over a hundred years — that we take it for granted. But how did it happen? There are many answers, of course. One is that the United States values the free market over government control of the economy. […]

Monopoly Capitalism: At The Breaking Point?

♪ [THEME MUSIC] ♪>>MONOPOLY CAPITALISM AND MODELS OF RESISTANCE. THIS WEEK, AUTHOR GEOGRAPHER MICHAEL HUDSON ON DONALD TRUMP’S FAKE ECONOMICS, AND STACY MITCHELL FROM THE INSTITUTE FOR LOCAL SELF-RELIANCE, WITH JOE MAXWELL OF FAMILY FARM ACTION, ON THE THREAT OF AMAZON TO JUST ABOUT EVERYTHING. IT’S ALL COMING UP ON THE LAURA FLANDERS SHOW, THE […]

Economic Update: Democratize the Enterprise

Welcome friends to another edition of economic update a weekly program devoted to the economic dimensions of our lives, our jobs, our incomes, our debts, the interest rates we pay, the foreign trade that affects us, all of that. I’m your host Richard Wolff I’ve been a professor of economics all my adult life and […]

Slavoj Žižek: Why There Are No Viable Political Alternatives to Unbridled Capitalism

I still believe in the saying of this oath Frankford School fellow traveler Marxist Valter Benjamin who said that behind every rise of fascism there is a failed revolution. I think even if we strategically, I’m not sure about it, accept this term Islam fascism for Islamic fundamentalist, this so called Islam fundamentalism is strictly […]

Why Private Investment Works & Govt. Investment Doesn’t

In 2011, a solar power company called Solyndra declared bankruptcy. A company going bankrupt is not news. But Solyndra was not just any company. Its biggest “investor” was the federal government which had given it $500 million dollars. That was news. But, really, it shouldn’t have been. If history is any guide, it was quite […]