Economic Update: The Missing Economics of the 2024 US Presidential Election

[EU S14 E42] The Missing Economics of the 2024 US Presidential Election

On this week’s episode of Economic Update, with the 2024 U.S. Presidential Election 8 days away, Professor Richard Wolff explores the shared refusal of both major candidates and their parties to face and debate solutions to the major problems facing US capitalism in 2024: (1) Inequality, (2) instability and (3) a declining empire. Instead we are witnessing both Trump and Harris compete to be the "cheerleader in chief" for capitalism.

Missing from the discourse is a genuine opposition party that might dare to offer an alternative non-capitalist vision and solution to the system's deepening problems.

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[SuhovarovDmitry]

In my opinion, no one is trying to solve these problems because there are people making money on these problems.

[mandyyonge]

Our economy is facing challenges due to uncertainties, housing problems, foreclosures, global fluctuations, and the lingering effects of the pandemic, leading to instability. The rising inflation, slow growth, and trade disruptions require immediate action from all sectors to restore stability and promote economic recovery.

[stetsonhicks]

No biases or bs, just the facts that people need to stop ignoring. Much appreciated!

[LeninistAnarchist]

my fave person in economics + YouTube! Our prof! ❤

[tonygiannilivigni]

Superb lecture on today's world economics !!! Professor Wolff is as clear as spring water! Thankyou

[SinD]

Mr. Wolf should be on every mainstream news outlet saying this!!!

[naeemqureshi]

Mr Wolff, your vlog is an eye opener for the people who have the wisdom to see in the future. The narrative of these two parties is for the majority citizens to grasp their imagination for the immediate gain or benefit. Thank you for all this valuable information and knowledge.

[cruznever]

Thank you Professor Wolff, Insightful as always - hopefully more and more people will Get your message, sooner better than later ~ Peace ~

[SinD]

Sir, I just learned about you on Robinson Erdhart's channel. I watched your whole talk on "The Utter Irrelevance of Trump" and loved it! I don't know how I am just learning about you but I love your analysis on the election, economics and government in general. Just one question - can you please run for president?!! You're what we need, a true intellect that understands politics and what this country needs!

[kevinjohnson]

Really inspiring talk by the Wolff in these immensely depressing times. Thanks Dr. Wolff.

[marke]

I fear modern America will not fade away gracefully, not even close. Critical question is, will we take down the whole world as we decline...

[a.randomjack]

For those of us who have ever dealt with compulsive gamblers, we can see it's the same behavior: deny our issues and keep gambling.

[rikaclawfal]

Thank you Dr. Wolff for what you do. It was long time ago that I came across a lecture you did that explained what happened during the subprime mortgage crisis. I am grateful for the chance to have learned the truth.

[jaysphilosophy]

The U.S. incarceration rate is the highest in the

[garrettcole]

I came to the conclusion that we are in private feudalism. From the CEO, the lord, to the employees the peasants. We are still shackled.

[VonNothias]

I hope we all know that it doesn't matter who is in the 'top job' because this is a systemic problem -- greed. We have allowed many of our economic sectors, to take advantage of the American people. It's disgusting and frightening for the future of our country. My husband and I will be retiring in the next two years n another country. We are absolutely worried that SSI will no longer be funded. we'll have to rely on his pension, a 403 (b) and a very prolific lnvestment account with my Abby Joseph Cohen my FA. Our national debt is bloating and expanding every month. Our government needs to get spending under control and cut the federal budget.

[democracy]

Getting over the denial that our political system is no longer adequate is a big jump for a lot of people, but we all must take it, soon!

[belconnen]

Amazingly explained, thank you so much ❤

[democracy]

Building a society based on cooperation and our mutual well being is the transformation we must undergo. It will require new economic and political systems. Both more democratic and more effective.

[claytonmitropoulos]

Spot on .... when are American people going to pull their heads out of the sand