Professor Richard D. Wolff

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New Episode of #EconomicUpdate out today at 4:30PM EST @profwolff.bsky.social joined by Clara Mattei of @freefreeforum.bsky.social to discuss her new book! Watch it then here: www.youtube.com/watch?v=d9UA...

Comedian roasts US Agriculture Secretary’s $3 meal suggestion | CNN Politics “Have I Got News For You” cast members poke fun at Agriculture Secretary Brooke Rollins’ explanation of affordable, healthy meals for Americans. Stream the full episode on the CNN app.

#WolffBites: Trump's Agriculture Secretary tells poor Americans to eat $3 meals if they cant afford more. Like equally clueless Marie Antionette telling France's poor to eat cake if bread is too costly.

www.cnn.com/politics/vid...

EU Story: Minneapolis ICE Out of Minnesota — General Strike (January 23) By Charles Fabian

EU Story: Minneapolis ICE Out of Minnesota — General Strike (January 23) via @democracyatwork.bsky.social

open.substack.com/pub/democrac...

Minnesota workers pressure employers to take action against ICE operations Target, Delta and Hilton targeted with actions leading up to economic blackout of no work, shopping or school

#WolffBites: Target, Delta Airlines, and Hilton Hotels among mega-corporations whose workers are demanding they take stands against ICE in wake of Minneapolis killing. Labor builds the movement.

www.theguardian.com/business/202...

#WolffBites: Russia/China "have" vast Asian portion of Russia to develop economically. A desperate US wants an equivalent (take Greenland and Canada), keep Europeans out. "National security" covers a lot.

#WolffBites: Many global billionaires see capitalism's global crisis, leading them to call on politicians to tax the rich - like themselves - to cut global inequality rather than just talk about it... Too bad other billionaires have bought those politicians.

timetowin.world

#WolffBites: The biggest threat to US capitalism is this inequality: 20% richest do 59% of total consumer spending that keeps economy going, but poorest 80% do only 41% of spending. Capitalism keeps producing the inequality that destroys it.

Trump credit card plan would be 'disaster', JP Morgan boss Dimon warns Jamie Dimon said Donald Trump's interest rate cap proposal would restrict Americans' access to credit.

Big US bank CEOs denounce plans to cap credit card interest rates at 10%/year (instead of 22%/year now). If such caps happen, banks threaten to withdraw credit cards from millions. Will we let banks keep ripping us off by blocking caps?

www.bbc.com/news/article...

Query on Greenland: Might Trump fear that Europe, via Denmark, wants a vast, resource-rich Greenland to help Europe regain a powerful place in a world economy otherwise dominated by China and/or the US?

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Axios Markets - "Buy the dip" comes to the bond market

#WolffBites: Trevor Slavin, Asset Manager at BlackRock and then Barings, says that 70% of Trump's policy announcements are "just bluster." The financial professionals disregard them.

www.axios.com/newsletters/...

YouTube video by The Economic Times 'Serious strategic blunder!': Trump’s 2018 warning resurfaces as Merz slams Germany’s nuclear exit

German leaders now blame Recession on ending its nuclear energy program.

YouTube video by The Economic Times 'Serious strategic blunder!': Trump’s 2018 warning resurfaces as Merz slams Germany’s nuclear exit

#WolffBites: Germany stopped buying cheap Russian oil and gas to bankrupt Russia and to win the Ukraine war. It failed but also raised Germany's energy prices and thus other prices. Recession followed.. www.youtube.com/watch?v=xGtK...

#WolffBites: Minneapolis Federation of Labor, AFL-CIO strongly endorses March 23 general strike to protest actions of ICE. A major step in capitalism's deepening crisis.

minneapolisunions.org/system/files...

When Trump uses ancient law against people in Minnesota, we remember a great woman's quote: “What presents itself to us as bourgeois legality is nothing but the violence of the ruling class, a violence raised to an obligatory norm from the outset.”
― Rosa Luxemburg (murdered Berlin 15 January 1919)

As we celebrate Martin Luther King, Jr., let's not miss noting where he would stand in the battle of ICE versus Minneapolis.

ICE too started small, "to deport" illegal immigrants. Now it attacks, even kills Americans protesting ICE. Where does it end ?

#WolffBites: SA, SS, and Gestapo all began small “to protect” Nazi Party meetings. Hitler grew them into a big army to terrorize his political enemies including running concentration camps.

#WolffBites: Will US bankers support independent money-management (the FED) or will short-term competitive greed among bankers dictate subservience to Trump as he tries to subordinate the FED?

#WolffBites: GOP corporate donors know their cash goes to buy votes of certain masses (evangelical Christians, white supremacists, super patriots, racists, etc.). But what if Trump's policies cost donors (like a 10% cap on credit card interest rates)? Trump gets trounced.

#WolffBites: When past empires suffered economic decline (as all eventually did) and they lost political power, they often desperately tried military power to reverse the empire's decline. It never worked.

YouTube video by RichardDWolff Wolff Responds: Venezuela: Where Will this End?

Wolff Responds: Venezuela: Where Will this End?

www.youtube.com/watch?v=jk5x...

#WolffBites: Job prospects in the US worse today than at any time over the last 12 years (worse even than during the pandemic).

YouTube video by RichardDWolff Wolff Responds: Venezuela: Where Will this End?

Wolff Responds: "Venezuela: Where Will this End?" Dated January 7, 2026

youtu.be/jk5xQ79UVuY?...

Rhode Island Eyes Tax on Rich to Counter Trump Policies McKee in an interview said he’s open to the surtax if it’s paired with tax cuts for businesses, seniors and other groups, a contrast to comments last spring that it wasn’t time for such a step. A spo...

Three years ago, Massachusetts imposed a 4% surcharge on personal annual incomes over $1 million. It raised $ 6.4 billion. Now Rhode Island and other states are moving in that direction. Aim is to offset Trump favoring the rich.

finance.yahoo.com/news/rhode-i...

Axios Macro - 1 big thing: Why the impact of tariffs may not be what you think

#WolffBites: New research shows: Trump's tariffs cost mostly the US economy - not foreign economies whose exports to the US saw little price change. Trump tried to make it seem that his tariffs punished others. Wrong: we paid them.

www.axios.com/newsletters/...

The US global empire has declined beyond recuperation. Trump hides a retreat to a western hemisphere empire by war on Venezuela. But just as wars lost in Vietnam, Iraq, Afghanistan, Ukraine did not stop US's empire's decline, wars in Latin America wont stop decline there either.

#WolffBites: Europe tried to take Russia's money to pay for its war against Russia in Ukraine. It failed. Trump plans to take Venezuela's oil to pay for the US attack on and "running" (Trump's word) Venezuela. How 21st century imperialism tries to finance itself.

#WolffBites: Americans who can buy foreign passports are doing so in record numbers. Do you wonder why that might be?
www.bloomberg.com/explainers/h...

How Mexico More Than Tripled Its Minimum Wage in Eight Years Without Triggering the Economic Disaster Many Had Predicted | naked capitalism Yet more evidence that improving the lot of those at the very bottom of the income ladder does not necessarily produce unemployment or runaway inflation.

#WolffBites: Mexico's minimum wage rose 13% on 1 January 2026. Taking into account inflation, the real Mexican wage was tripled over the last 8 years. Mexico's ruling class opposed the increases as bad for Mexico. They were 100% wrong.

www.nakedcapitalism.com/2026/01/how-...