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Economic Update with Richard D. Wolff

Analyzing Trump's Mass Support

Economic Update with Richard D. Wolff

Democracy at Work

Coops, Economics, Economy, Workercooperative, Capitalism, Politics, News, Government

4.81.9K Ratings

🗓️ 10 June 2025

⏱️ 31 minutes

🧾️ Download transcript

Summary

On this week’s episode of Economic Update, Professor Wolff delivers updates on the blow back to Iowa Senator Joni Ernst’s rationalization of budget cuts to Medicaid to help fund tax cuts for corporations and the rich, 8,000 Connecticut healthcare workers win contract gains by threatening to strike, and how the advertising industry spawned by capitalism distorts and corrupts human communication. The show's second half features an interview with UC-Berkeley Professor Arlie Hochschild on the reasons why Trump's political base continues to support him.

 

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Transcript

Click on a timestamp to play from that location

0:00.0

Welcome, friends, to another edition of Economic Update, a weekly program devoted to the

0:25.3

economic dimensions of our lives and those of our children.

0:29.9

I'm your host, Richard Wolfe.

0:32.9

I want to remind you as usual, Charlie Fabian is awaiting messages from you about how we can make this

0:40.7

program better, what you like, don't like, and so on. You can reach him at Charlie.Info438

0:50.2

at gmail.com. And as I also remind you mostly, we have a book that is a kind of companion to this program,

1:00.8

a way to learn more about U.S. capitalism beyond the particular segments of each of these shows.

1:09.6

It's called Understanding Capitalism.

1:13.0

I wrote it, we released it this year, and I would urge you to consider using it as a way

1:19.9

to get deeper into what we do on this program.

1:25.0

If you like the program, I think you'll value the book. Okay, we're going

1:30.8

to talk today about the senator from Iowa, Joni Ernst. We're going to talk about health

1:39.8

care workers in the state of Connecticut, and then we're going to talk about the advertising

1:45.7

business. In the second half of today's show, we'll be interviewing Professor Arleigh

1:52.4

Horschild, who has written a new book which continues research she did in an earlier book, in which she lives among interviews

2:04.5

the people who are the base and support for the Trump administration, maybe call them

2:09.7

the MAGA community, to try to understand why they feel and vote the way they do.

2:18.3

Sympathetic, but driven, as you'll see, by a desire to understand what that's all about.

2:27.6

Whether you like it or not is a separate matter.

2:31.5

What Professor Hoshel does better than anyone I know is really understand what is going

2:39.2

on. And that's why she'll be with us in the second half of the show. Okay, we begin with

2:46.6

Senator Joni Ernst of Iowa. She is a Republican and as a member of the United States Senate,

...

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