Markets: Institutions Deeply In Need of Criticism
About this episode
Professor Wolff analyzes the workings of markets, their societal impacts, and the distinction between markets and capitalism.
This week on Economic Update, Professor Wolff presents an analysis of how markets work, which parts of society they favor and serve, and which they discriminate against. He also unpacks why markets are NOT the same as capitalism, and where markets are NOT allowed to exist in the world today, including in the U.S. He wraps up today's show with an analysis of why market idolatry now functions as a kind of secular religion, especially in the U.S. but also globally.
More episodes of Economic Update with Richard D. Wolff
- U.S. Housing Crisis Deepens
- U.S. Capitalism as a Crisis for Men
- Marx's Key Insight: Capitalism's Surplus
- Supermarket Jobs, Super Exploitation
- Lessons from China's Economic Development
- The Yellow Vests Mass Movement in France
Explore listener stats, chart rankings, contacts and more on the Economic Update with Richard D. Wolff podcast page.