The Great U.S. Pension Crisis

Economic Update with Richard D. Wolff

Democracy at Work

Politics, News, Government

4.8 • 2.1K Ratings

🗓️ 7 April 2026

⏱️ 33 minutes

🔗️ Recording | iTunes | RSS

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Summary

On this week's episode of Economic Update, Professor Wolff presents updates on European turmoil that include how the French municipal elections are revealing Macron's weaknesses, Germany's opposition of the war on Iran, the UK waffling on Iran and helping the U.S., and Europe's deepening subordination to the U.S. and China as economic giants in today's world economy—especially in advanced technological areas. The show's second half features an interview with Professor Teresa Ghilarducci on the crisis of pensions in the U.S., the "reforms" being proposed, and the grim realities to be faced if pensions continue to decline.

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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
0:26.6	economic dimensions of our lives and those of our children.
0:31.2	I'm your host, Richard Wolfe.
0:34.3	Before we begin today, I need to clarify something I mentioned at the beginning of last week's show.
0:41.1	The recordings of my latest online course, Marxian class analysis with Professor Shahram Azar,
0:49.6	will be available for purchase on our website on April 1st.
1:00.7	Lecture summaries and presentation materials are also included with these recordings.
1:07.6	This whole package will be on sale throughout April to give you all the time you need to watch these lectures at your leisure and to sign up for a live online
1:12.5	Q&A recap of the material that both Professor Azar and myself will be holding live
1:20.6	within the first two weeks of May. For more information, visit our website at
1:26.7	www.m website at www.
1:28.3	Democracy at Work.info slash classes on Wednesday, April 1st.
1:35.3	Be sure to also sign up for our weekly newsletter by going to our website,
1:40.3	Democracy at Work.info, and opting in to receive emails from us for exact details
1:48.0	about this and all our other activities this coming spring.
1:53.0	And finally, please remember to like, subscribe, and share this video with others.
2:00.0	For those of you who have not yet signed up for our members-only Patreon,
2:05.3	by doing so you can gain access to members-only content while also supporting our work.
2:12.4	Go to patreon.com slash Democracy at Work, or you can find the link in the description below.
2:23.7	Today's program features a discussion of a number of dimensions of what is happening to Europe.
2:32.3	You know, the world is a smaller place than it's ever been, and Europe is in a
2:38.4	crisis that will affect every other part of this world. And this is an important story.
	...

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