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This week on Economic Update, Professor Wolff delivers updates on U.K. PM Starmer's trade visit to China, the new head of the Federal Reserve, and the escalation of a general strike in Minneapolis and its spread across the U.S. as people gear up against government assaults on cities. In the...Read more

On this week’s episode of Economic Update, Professor Wolff delivers updates on how 73% of U.S. credit card debt is needed for everyday purchases, the issues with Venezuelan oil, and MAGA splits as Trump panders to the voting masses at the expense of a few giant corporations. The second half...Read more

On this week’s episode of Economic Update, Professor Wolff delivers updates on the Pentagon’s investments into private companies, the end of electric vehicle subsidies in conjunction with the arrival of Chinese EVs in the U.S., the growing trade and produce exchange between Canada and China, and the nurses' strike of...Read more

In this presentation, Professor Wolff discusses how the first two world wars brought an end to the British, German, and Japanese empires, and how a third would likely bring down the American empire. Specific topics include: 1. The U.S. empire's decline provokes desperate economic policy 2. The U.S. empire's decline...Read more

This week on Economic Update, Professor Wolff analyzes topics from Israel and Gaza to Epstein scandals to U.S. neocolonialism to Europe's failure to seize Russian wealth held in European banks with a focus on the historical importance of key developments shaping the global crisis emerging today.Read more

This week on Economic Update, Professor Wolff devotes the first half to New York's new Mayor Zohran Mamdani. He discusses how and why he defeated so many efforts to block him, and what he needs to do to succeed, deliver on his campaign promises, and create a lasting legacy of...Read more

On this week’s episode of Economic Update, Professor Wolff delivers updates on the Black Friday strikes against Amazon in Germany and against Zara in Spain, the rapid decline of New School University as an example of a deepening crisis in U.S. higher education, and a new U.S. national security paper...Read more

On this week’s episode of Economic Update, Professor Wolff provides an analysis of "globalization" as a fancy slogan to hide a profit-driven, profit-boosting period (1970-2015) that saw US capitalists move factories abroad. It destroyed so many well-paid factory jobs (especially of white, male Christians) that it produced massive suffering among...Read more

This week’s episode of Economic Update is an adaptation from a talk Professor Wolff gave at Yale University on December 2, 2025, to the Yale Political Union. In this presentation, he discusses the significance of the title "Marx was Right," which Yale offered, and points out that, over the last...Read more

On this week’s episode of Economic Update, Professor Wolff delivers updates on the internal struggle inside the U.S. Teamsters Union between O'Brien leadership and Hooker challenge group (pro- vs anti-Trump), Trump-McMahon attack on the nursing profession in the U.S., and Trump's own reduction of tariffs and thus of government revenue...Read more

This elegantly redesigned version of Understanding Capitalism with a new forward from Professor Wolff does the text justice. We chose to create this version of Professor Wolff’s most succinct and wholistic explanation of what capitalism is, what it is not, and why it can be difficult to understand to better...

Understanding Capitalism aims to answer the question: 'Why capitalism fails us'?. It explores the different definitions of what capitalism is and is not – showing why definitions matter. It dissolves the many myths that make it hard to understand the system. Readers acquire tools needed to engage basic economic...

If you want to understand capitalism in order to make society better, then understanding Marx’s analysis is fundamental in drawing your attention to capitalist production’s core conflict: class struggle. It is everywhere, and it influences everything and everyone in our society. Marx is the theoretician who...

The coronavirus pandemic, economic crash, political divisions, and social tensions have plunged the declining American capitalist system into chaos. In this collection of over 50 unique essays, Prof. Wolff argues that a mere return to normalcy is inadequate to tackle the accumulated problems of US capitalism.

Understanding Socialism tackles the taboos and unveils the often hidden histories of socialism, but most importantly it offers a way forward: a socialism built on democracy in the workplace. A blend of history, analysis and opinion, Understanding Socialism is an honest and...