Global Capitalism: Live Economic Update

In this lecture, Prof. Wolff will discuss the following: Major Chinese Economic Achievements and Problems China-US Interdependence, Competition, and Cold War Is China Socialist? What does “Chinese Socialism” Mean?

In this lecture, Prof. Wolff will discuss the following: Medical (Covid) and military (Afghanistan) defeats deepen social divisions Exploding debt bubbles (gov’t, corporate, and personal) Threats of inflation China’s rise as a US competitor: its “surprise” strategy

In this month's lecture, Prof. Wolff will discuss the following: China’s Economic Growth since its Revolution (1949) China’s Economic “Model” and the Global Economy China, Capitalism, and Socialism China versus the US: Options versus Threats

In this month's lecture, Prof. Wolff will discuss the following:  Changes in Government Spending and Taxing Joe Biden and Franklin Roosevelt: Differences and Similarities Historic Decline of US Capitalism: Reality vs Denial

In connection with Prof. Wolff’s discussion of the main topic above, he will also give short updates on: who lost what; who gained what; where is the US economy headed now; and lastly, political fallout: revisiting the January 6 DC assault

Professor Wolff will also give short updates on: the US military intervention in elections; a major political breakthrough in Argentina led by women; the economics of advertising; Trump’s political crash and lastly, Biden’s Economic “Team.”

This is a special post-election Global Capitalism featuring comments from guests Lee Camp, Lee Carter, Laura Flanders, Jessica Gordon-Nembhard, Nomi Prins, and Yanis Varoufakis.

Prof. Wolff presents the following topics: the failures mount: failed preparation for COVID-19; failed containment of COVID-19; failed preparation for 2020 capitalist crash; failed containment of crash’s social effects; failed scapegoating. The social problems explode: systemic racism; State and local budget collapse; unaffordable housing and eviction.

Topics: mass unemployment undercuts US capitalism; Trump vs Biden: neither are solutions, the choice is a symptom of system decline; what old socialist responses to today’s crisis would be; what new socialist solutions to today’s crisis could be. Wolff also covers: why US capitalism has needed racism, and and how it has used it; why US current protests against racism and police violence are so strong.

Prof. Wolff talks about the protests sweeping across the US incited by yet another brutal killing of a Black American, George Floyd. He argues that the capitalist system, with its endless drive for profits over people, is the true culprit and failing Americans. The levels of inequality, massive unemployments, and injustices are symptomatic of a system that is in deep trouble. Divide and conquer, or class war is the tactic capitalists are using to distract Americans from uniting against the common enemy: capitalism.

Topics: why capitalist enterprises & governments failed to prepare for Corona; private unemployment vs gov’t re-employment; pandemic policies worsen inequality, instability of capitalism; how to do better than capitalism during Corona. In connection with Wolff’s discussion of the main topic above, he covers the following issues: Bubonic plague/feudalism dies; Corona virus/capitalism dies; the pandemic and worker cooperative enterprises.

In connection with Wolff’s discussion of the main topic above, he will also cover the following issues:  US in decline turns nationalist, drops old allies, targets China  Europe in decline turns toward China, away from US UK and Japan: isolated, in greater decline Other nations desperate to survive amid changing alliances Bloomberg: another billion dollar disaster uses the system Why some mega-corporations are OK with Green New Deal movement

In connection with Wolff’s discussion of the main topic above, he will also cover the following issues at the January 08, 2020, event:  How, why US economy is not in “great” shape  How, why US capitalism now struggles between tariffs, trade wars (protectionism) and free trade (globalization)  Tensions, conflicts with China  Class War in France: Macron vs united unions and yellow vests  Class War in the UK: Labor Party defeat, Brexit, and what comes next

In connection with Wolff’s discussion of the main topic above, he will also cover the following issues at the November 13, 2019, event: - Current wealth tax proposals by Bernie Sanders, Elizabeth Warren - How US already taxes wealth (of some, not others} - How other countries tax wealth - How US enables/allows wealth to escape taxes - Redistributing wealth: pros and cons- The protest movements in Chile, Lebanon and beyond and how they differ from those in Hong Kong - The overdue critique of “libertarian” capitalism

In connection with Wolff’s discussion of the main topic above, he will also cover the following issues at the July 10th, 2019, event: Gainers and Losers Trade Wars and Military Wars A New US Isolationism? Trade War, Recession, and the 2020 Election

In connection with Wolff’s discussion of the main topic above, he will also cover the following issues at the July 10th, 2019, event: - US-China Trade War and Tariffs - Immigration, Census Questionnaire, Anti-foreigner propaganda - Student Debt Relief - Federal Reserve and Lowering Interest Rates

In connection with Wolff’s discussion of the main topic, he will also cover the following issues at the May 8, 2019, event: 1. Libertarianism and socialism 2. Anti-capitalism and socialism 3. Democratic socialism: its multiple meanings

These programs begin with 30 minutes of short updates on important economic events of the last month, then Prof. Wolff analyzes several major economic issues. For March 2019, these issues will include: 1. The record US gov’t budget deficit in 2018: causes and effects 2. The record US trade deficit in 2018: causes and effects 3. Unions reviving? Strikes, organizing and the looming strategic decision they face about socialism in the US  

In connection with Wolff’s discussion of the main topic, he will also cover the following issues at the January 9, 2019, event: 1. Historic “yellow vests” movement in France and beyond 2. GOP and Dems face threats, splits, and opportunities 3. Record global debt levels and crises capitalism

In connection with the main topic above, Prof. Wolff discusses: 1. Is another crash coming? 2. The economic and political lessons from young US socialists winning elections 3. The main, different meanings of “socialism” these days.