On this week’s episode of Economic Update, with the 2024 U.S. Presidential Election 8 days away, Professor Richard Wolff explores the shared refusal of both major candidates and their parties to face and debate solutions to the major problems facing US capitalism in 2024: (1) Inequality, (2) instability and (3) a declining empire. Instead we are witnessing both Trump and Harris compete to be the "cheerleader in chief" for capitalism.

Missing from the discourse is a genuine opposition party that might dare to offer an alternative non-capitalist vision and solution to the system's deepening problems.

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.

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On this week’s episode of Economic Update, Professor Richard Wolff discusses the new law signed by California Governor Gavin Newsom banning "legacy and donor" favoritism in private college admissions to foster a "merit system." We also bring your attention to Javier Milei and his regime in Argentina as they impose austerity measures on the country: the masses will suffer to pay off debts that enriched the elite few in classic ways.

Finally, we Interviewed economics Professor Ian Seda-Irizarry of the City University of New York about the conditions provoking the rise of the political left and left unity in Puerto Rico.

Ian Seda-Irizarry is an Associate Professor and Graduate Program Director at the
Economics Department of John Jay College, City University of New York. His work
focuses on the current socio-economic crisis of Puerto Rico and its relation to the
island’s first fiscal crisis in the mid-1970s.

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 show, Prof. Wolff presents updates on how capitalism gets in the way of fighting Covid-19, systemic racism and Covid-19, why Europe did not allow the mass unemployment imposed on the US, and Wells Fargo CEO's fake excuse for lack of diversity among bankers. In the second half of the show, Wolff explores why capitalism fears the modern state and how it controls that state.