Solidarity Cities as Alternatives to Capitalism

Economic Update with Richard D. Wolff

Democracy at Work

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

4.8 • 1.9K Ratings

🗓️ 22 April 2025

⏱️ 32 minutes

🔗️ Recording | iTunes | RSS

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Summary

**** SPECIAL ANNOUNCEMENT ****
For those of you in the New York area, we'd like to invite you to join us for another presentation of "Global Capitalism Live with Professor Richard Wolff" taking place on April 30th. Professor Wolff will be giving a lecture on the impact of President Trump’s economic policies and explaining how they are an attack on working people as part of a reflection on May Day. This event will be held in person in the main lecture hall at the Women Building Up campus at 401 State Street in Brooklyn, NY. Seats are limited but you can still get tickets to the event by going to our website:
democracyatwork.info and clicking the link in the banner image at the top of the homepage or by going to: bit.ly/3YEZOu8

This week on Economic Update, Professor Wolff delivers updates on employers that are blocking, delaying, and opposing improvements on general social welfare, the Trump administration putting an end to "affirmative action" for veterans (including those disabled), and how the Trump tariffs are worsening uncertainty with very serious negative consequences. In the second half of the show, Professor Wolff interviews Professors Maliha Safri and Stephen Healy, co-authors of the new book "Solidarity Cities: Confronting Racial Capitalism, Mapping Transformation."

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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
0:26.4	economic inventions of our lives and those of our children.
0:30.5	I'm your host, Richard Wolfe.
0:33.6	Quickly a reminder that Charlie Fabian is awaiting your suggestions and comments about the program.
0:41.5	Charlie.info-438 at gmail.com is how you reach him.
0:48.3	And again, a reminder that there's a companion volume to this program called Understanding Capitalism. It is what we do in
0:57.2	each program, but we can only do it to a limited way and also trying to be topical. The
1:03.9	book gives you the background, the depth of a real serious engagement, critical with
1:10.1	capitalism.
1:11.6	Today we're going to be talking about social welfare, we're going to be talking about veterans,
1:18.6	we're going to be talking about the uncertainties surrounding Mr. Trump's tariff policies,
1:25.6	and indeed most of his policies.
1:28.1	And finally, we're going to have something to say about the emerging economic isolation
1:34.5	of the United States.
1:36.6	The second half, we'll be talking with Malihasaffri and Stephen Healy about serious experiments around the world in trying to develop new and different
1:48.0	kinds of economic systems going on now when we need them more than ever.
1:56.3	Okay, here we go.
1:58.7	Jacobin magazine for Spring 2025 had an article in it by David Kalnitsky.
2:07.2	And he deals with an argument heard often that capitalism is to be credited with the fact
2:14.6	that over the last century or two or three, living, the length of life has increased
2:22.1	longevity. We are healthier, we eat better, we have better diets, and all of that. That capitalism
2:29.5	has been happening together with increased well-being.
	...

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