Economic Update: The Deepening Fragility of US Power

[S12 E31] The Deepening Fragility of US Power In this week’s show, Prof. Wolff presents updates on successful unionization at Trader Joe’s, lottery tickets as disguised regressive taxation, gasoline inflation brings record profits to big oil companies, and pharmaceutical industries’ ad campaign to block gov’t plan to buy medications in bulk and pass savings onto public. In the second half of the show, Wolff interviews Vijay Prashad on his new book with Noam Chomsky on the fragility of US global power. **Economic Update with Richard D. Wolff is a @democracyatwrk production. We make it a point to provide the show free of ads. Please consider supporting our work. Join our Patreon community: and help us spread Prof. Wolff’s message to a larger audience. Every donation counts! A special thank you to our devoted EU Patreon community whose contributions make this show possible each week. ****************************************************************************************** SUBSCRIBE: EU Podcast | Apple Podcasts | Google Podcasts | Spotify | iHeartRADIO SUPPORT: Join our Patreon community at or donate on our website at Follow us ONLINE: Facebook: Twitter: Instagram: DailyMotion: Shop our CO-OP made MERCH: Want to help us translate and transcribe our videos? Learn about joining our translation team: ****************************************************************************************** About our Guest: Vijay Prashad is an Indian historian, the chief editor of LeftWord Books, and the director of Tricontinental: Institute for Social Research. He is a senior fellow at Chongyang Institute for Financial Studies, Renmin University of China, and author of over 20 books, including his latest co-authored with Noam Chomsky and released this month. It is entitled The Withdrawal: Iraq, Libya, Afghanistan, and the Fragility of U.S. Power. ****************************************************************************************** NEW 2021 Hardcover edition of “Understanding Marxism,” with a new, lengthy introduction by Richard Wolff is now available at: “Marxism always was the critical shadow of capitalism. Their interactions changed them both. Now Marxism is once again stepping into the light as capitalism shakes from its own excesses and confronts decline.” Check out all of d@w’s books: “The Sickness is the System,“ “Understanding Socialism,“ by Richard D. Wolff, and “Stuck Nation” by Bob Hennelly ****************************************************************************************** SOURCES FOR SHOW SEGMENTS: 1. Trader Joe’s Union: ; ; 2. US Lottery: 3. Oil Record Profits: