The Political Bias of Conventional Economics
Economic Update with Richard D. Wolff
Democracy at Work
4.8 • 2.1K Ratings
🗓️ 28 January 2026
⏱️ 33 minutes
🧾️ Download transcript
Summary
On this week's episode of Economic Update, Professor Wolff delivers updates on the Pentagon's investments into private companies, the end of electric vehicle subsidies in conjunction with the arrival of Chinese EVs in the U.S., the growing trade and produce exchange between Canada and China, and the nurses' strike of NYC private hospitals grows to include 15,000. In the second part of today's episode, Professor Wolff talks with Professor Clara Mattei about her new book, "Escape from Capitalism."
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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 economic |
| 0:26.9 | dimensions of our lives and those of our children. I'm your host, Richard Wolfe. |
| 0:33.9 | Before we begin today, I want to ask you to please consider supporting our work. |
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| 1:39.6 | letting us know about the fake videos which folks like us are having to contend with on an increasing |
| 1:46.6 | basis for months now. |
| 1:50.2 | Okay. |
| 1:51.2 | Our program today, excuse me, our program today has a number of topics, the extraordinary |
| 1:58.3 | actions of the Trump government in investing in private corporations. |
| 2:04.8 | Something extraordinary happening to electric vehicles subsidies, both in the United States, |
| 2:10.7 | Germany, and around the world. |
| 2:14.5 | The new relationship between Canada and China, that is a direct consequence of Mr. Trump's |
| 2:21.8 | aggressive actions towards Canada. |
| 2:26.0 | And finally, the story of a heroic strike by 15,000 nurses to major private hospitals in New York City, and the actions of our new |
| 2:38.6 | mayor, Zoran Mamdani, and our Attorney General, Letitia James, in supporting those nurses |
... |
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