On this week's episode of Economic Update, Professor Wolff breaks down the simultaneous huge spending increases on the military in the U.S. and Europe, suggesting a shared crisis leading to a shared self-protective solution found by the ruling classes both in Europe and in the US. The shared end of colonialism plus the rise of global competition from China and the BRICS plunges their ruling classes into parallel crises, for which they prepare their last node of self-protection, namely building up domestic military. Europe does so in disguise and for self-protection against Russia. The U.S. does it by claiming self-protection from China, plus the rest of the world. We hope you enjoy this discussion and look forward to joining you next week for another all-new episode of Economic Update.

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. 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 provides updates on the shared significance of three major strikes: New York City nurses, San Francisco teachers, Kaiser Permanente health workers in California; the cause of U.S./European discord at the 63rd annual Munich Security Conference in Germany in February. The second half of today's show features an interview with a New York City psychotherapist on the social significance of the Jeffrey Epstein scandal.

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. 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 provides an assessment of the first year of Trump's second term in office, covering how he inherited the problems of a declining empire and proved unable, or unwilling, to stop or reverse the decline, and how that flows in part from the ways the Republican and Democratic parties operate and in part from the difficult conditions both face. The results at the end of the first year are very poor for both parties.

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. 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 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 second half, Professor Wolff interviews Professor Ray Madoff of Boston College Law School to discuss the flaws in the U.S. tax system and her new book, The Second Estate: How the Tax Code Made an American Aristocracy.

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. 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 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 features an interview with Geo Maher, author, educator, and activist, on the crisis in Venezuela and its long-term implications for the U.S. and the rest of the world.

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. 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 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 NYC private hospitals grows to include 15,000. In the second part of today's episode, Professor Wolff talks with Professor Clara Mattei about her new book, "Escape from Capitalism."

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. 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 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.

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. 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 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 his time in office. The second half of today's show features an interview with Sabrina Salvati on her new documentary film, "REMOVED: Black Erasure in Boston."

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. 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