This episode provides updates on the Fed’s interest rate hike; gun business; and oil economics. We also respond to a listeners’ question about whether it is China that is slowing the world economy. Finally, we have major discussions of Greek and Spanish austerity politics; and how major oil, banking and auto corporations proved why we can (and must) do better than capitalism.
To see more stories like this, visit Economic Update: Your Weekly Dose of Revolutionary Economics
To listen in live on Saturdays at noon, visit WBAI’s Live Stream
Economic Update is in partnership with Truthout.org
Your radio station needs Economic Update! If you are a radio station, check this out. If you want to hear Economic Update on your favorite local station, send them this.
Visit Professor Wolff’s social movement project, democracyatwork.info.
Permission to reprint Professor Wolff’s writing and videos is granted on an individual basis. Please contact p[email protected] to request permission. We reserve the right to refuse or rescind permission at any time.
Our most important fundraising appeal of the year
December is the most critical time of year for Truthout, because our nonprofit news is funded almost entirely by individual donations from readers like you. So before you navigate away, we ask that you take just a second to support Truthout with a tax-deductible donation.
This year is a little different. We are up against a far-reaching, wide-scale attack on press freedom coming from the Trump administration. 2025 was a year of frightening censorship, news industry corporate consolidation, and worsening financial conditions for progressive nonprofits across the board.
We can only resist Trump’s agenda by cultivating a strong base of support. The right-wing mediasphere is funded comfortably by billionaire owners and venture capitalist philanthropists. At Truthout, we have you.
We’ve set an ambitious target for our year-end campaign — a goal of $250,000 to keep up our fight against authoritarianism in 2026. Please take a meaningful action in this fight: make a one-time or monthly donation to Truthout before December 31. If you have the means, please dig deep.