The Emerging New World Economy: A New Empire, a Multipolar World, or a Post-Capitalist System

The Emerging New World Economy: A New Empire, a Multipolar World, or a Post-Capitalist System

Four key changes drive a new world economy emerging from the old. First is capitalism's transition from neoliberal, globalizing to nationalistic capitalism. This includes the shift of capitalism's center from western Europe and the US to Asia and the global south and also includes the deepening economic inequality inside most nations. Second is the end of the stale, old debate between private and state capitalism (misnamed as capitalism vs socialism) in favor of private + state capitalism hybrids. Third is the post-peak decline of the US empire. Fourth is the urgent question of what comes next: a new empire, a multipolar world, or a new post-capitalist system that replaces employer-employee workplace organizations (private and public) with democratically run worker cooperative organizations.

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Episoder(589)

Activism in the U.S. Now

Activism in the U.S. Now

In this episode, Professor Wolff delivers updates on new research documenting market failure to meet the urgent, large need for childcare in the US, the selective morality of Ambassador Huckabee, the ...

15 Sep 31min

Economic Hardship Reporting Project

Economic Hardship Reporting Project

This week on Economic Update, Professor Wolff delivers updates on the Starbucks Workers United call-to-boycott, the powerful lyrics of Dolly Parton's song "9 to 5,"  and the recent electoral victories...

7 Sep 30min

Socialism: An Evolving Tradition

Socialism: An Evolving Tradition

Today's entire program is devoted to tracing the origins and evolution of socialism through its splits and growth to become a global movement shadowing capitalism. Particular attention is paid to the ...

1 Sep 31min

Economics of the U.S. State

Economics of the U.S. State

Today's entire program approaches the economic role of the state in U.S. society, past and present. We analyze two major tensions: one between minimizing the state (liberalism/libertarianism) and maxi...

25 Aug 31min

The Resurgence of White Supremacy

The Resurgence of White Supremacy

This week on Economic Update, Professor Wolff delivers updates on U.S. businesses receiving refunds for Trump's illegal tariffs without lowering prices raised to cover them, a 24% decline in foreign s...

18 Aug 30min

DSA Revives Socialism in U.S. Politics

DSA Revives Socialism in U.S. Politics

This week on Economic Update, Professor Wolff delivers updates on new U.S. government rules that are universally hostile to international students, the reduction of prosecutions for white collar crime...

11 Aug 31min

The Great Shift of Economic Thought from Macro to Micro

The Great Shift of Economic Thought from Macro to Micro

The rational approach is to ask which works better in an industry or to meet any social need: private enterprise or government enterprise. It is irrational and dogmatic to think only one or the other ...

3 Aug 30min

A Critique of Profit

A Critique of Profit

This week on Economic Update, Professor Wolff devotes the entire show to a critical analysis of profit. The point is to show that it is a very biased way to look at capitalist economies and a biased w...

27 Jul 30min

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