The U.S. As A 'Traumatized' Society
Economic Update with Richard D. Wolff
Democracy at Work
4.8 • 2.1K Ratings
🗓️ 6 January 2026
⏱️ 32 minutes
🧾️ Download transcript
Summary
On this week's episode of Economic Update, Professor Wolff delivers updates on the Black Friday strikes against Amazon in Germany and against Zara in Spain, the rapid decline of New School University as an example of a deepening crisis in U.S. higher education, and a new U.S. national security paper that throws Europe under the bus, further signaling the end of the U.S. empire. The second part of today's show features an interview with author, activist, and host of "The Muckrake Podcast," Jared Yates-Sexton, on his political analysis and campaign for change in the U.S today.
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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 |
| 0:26.6 | dimensions of our lives and those of our children. I'm your host, Richard Wolfe. Before we begin |
| 0:34.2 | today, I hope you all enjoyed the holiday season. Today's announcements will be brief, |
| 0:39.9 | and I want to start by once again thanking all of you who contributed generously to our end |
| 0:46.1 | of the year fundraising effort. We came close to reaching our goal for the upcoming year, |
| 0:52.2 | but we won't close the books until the 15th. |
| 0:56.9 | So there's time to join us and support our work for the year ahead by going to |
| 1:02.1 | www.democracy at work.info slash donate. We're also proud to announce that today's show comes with a little bonus for those of you |
| 1:14.5 | who signed up to our Patreon. Immediately following today's show, there will be an extended |
| 1:21.3 | version of the interview with our guest Jared Yates Sexton. It'll be available on our Patreon page. The link is in the |
| 1:31.3 | video description below, or you can go to patreon.com slash democracy at work and join for a more |
| 1:39.8 | in-depth and exclusive discussion of today's topic. |
| 1:45.0 | I won't repeat much about our book Understanding Capitalism, the companion volume for this |
| 1:52.0 | program, or the work of our volunteer Charlie Fabian who takes your comments and suggestions. |
| 2:00.1 | But I do want a moment to talk to you about fake videos. |
| 2:05.0 | They are proliferating. |
| 2:06.8 | You will see me in all kinds of strange environments with strange facial features, |
| 2:13.6 | wobbling voice, the typical noise of fake videos. |
| 2:17.8 | Beyond the alert for them, they are increasing and we are doing everything to stop them |
| 2:23.8 | and take them down, but there they are. |
| 2:27.5 | Okay, let's jump right into today's program. |
| 2:32.6 | On Black Friday, that famous day back in November of last year, that day between Thanksgiving |
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