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 specialist focus on capturing the state and the split between electoral/evolutionary approaches to that capture, as well as revolutionary approaches. A guiding theme is the relevance of socialism's rich history to its resurgence via the DSA in the US today.

We hope you enjoy this discussion and look forward to joining you next week for another all-new episode of Economic Update.

Economic Update with Richard D. Wolff is a production of Democracy at Work, Inc., and any reproduction in whole or part is strictly prohibited without written permission. We make it a point to keep the show ad-free and rely solely on viewer support to continue doing so. Every donation counts and helps us reach a larger audience with the information they need to better understand the events around the world that they won't find anywhere else.

We want to thank our devoted community of supporters who help make this show and the others we produce possible each week. 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's latest book, "Understanding Capitalism," is available now for purchase: https://linktr.ee/understandingcapitalism

© 2026 Democracy at Work, Inc. All Rights Reserved

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Episoder(587)

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

U.S. Housing Crisis Deepens

U.S. Housing Crisis Deepens

This week on Economic Update, Professor Wolff presents updates on the Australian dockworkers' union's fight against A.I., the German auto workers' fight against VW layoffs, Private Suites running priv...

20 Jul 31min

Markets: Institutions Deeply In Need of Criticism

Markets: Institutions Deeply In Need of Criticism

This week on Economic Update, Professor Wolff presents an analysis of how markets work, which parts of society they favor and serve, and which they discriminate against. He also unpacks why markets ar...

13 Jul 31min

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