Capitalism, Lost Empathy and Rising Addictions

Economic Update with Richard D. Wolff

Democracy at Work

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

4.8 • 1.9K Ratings

🗓️ 18 February 2025

⏱️ ? minutes

🔗️ Recording | iTunes | RSS

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Summary

In this week's episode of Economic Update, Professor Wolff discusses Trump's attempts at taking Panama as more evidence of rising colonialism and imperial ambitions, the recent organizing and strike of 10,000 Colorado grocery workers, and finally, corporations and investment funds abandoning DEI. In the second half of the show, Prof. Wolff interviews psychotherapist Tess Fraad-Wolff on capitalism's causal links to declining empathy and rising addictions.

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Transcript

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0:00.0	Welcome, friends, to another edition of Economic Update, a weekly program devoted to the
0:26.3	economic dimensions of our lives and those of our children. I'm your host, Richard Wolfe.
0:33.9	Today's program has a number of interesting items I want to mention at the outset.
0:40.1	We're going to be talking about Mr. Trump's plan to quote, unquote, take the Panama Canal
0:47.3	back.
0:48.3	We're going to talk about an enormous strike of 10,000 grocery store workers across the state of Colorado, which
0:56.7	is really having major impacts there.
1:00.0	And finally, we're going to talk about corporations and mutual funds, turning away from the
1:06.6	few years of interest in diversity, equality, and inclusion that they no longer find worthy
1:15.6	of their respect and what it means.
1:19.2	In the second half, we'll interview Tess Fraud Wolf, a practicing psychotherapist who
1:25.9	has something to tell us about the linkages between a troubled capitalism
1:30.9	on the one hand and the loss of empathy and the rise of addiction on the other.
1:38.4	As usual, I begin by reminding you that Charlie Fabian is awaiting comments, suggestions that you have for improving this
1:46.7	program.
1:47.7	Charlie.
1:49.7	.info-3-8 at gmail.com.
1:56.9	And also the reminder that the new book I wrote and we published, Understanding Capitalism,
2:04.9	is a good companion volume to this sequence of programs, developing the arguments lying behind
2:14.9	much of what you hear topically focused on this show.
2:20.5	And you can get that by going to our website, Democracy at Work.
2:27.8	Info slash books.
	...

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