Biden’s new deal: Is $6 trillion enough?

President Biden’s budget proposal would cost taxpayers a whopping $6 trillion. Some are calling it the New Deal 2.0, but is pumping federal dollars a surefire way to get the economy back on track? Professor and economist Richard Wolff weighs in on whether record-high government spending can offset a mass exodus of service workers across the country. … Read More >Biden’s new deal: Is $6 trillion enough?

US economy may face unprecedented crash without another massive injection, Professor Wolff tells Boom Bust

The US economy is currently crippled by two simultaneous crises – rising Covid infections and an economic crash that happens every several years – Professor Richard Wolff told RT’s Boom Bust. … Read More >US economy may face unprecedented crash without another massive injection, Professor Wolff tells Boom Bust

Trump’s ‘tough guy’ China-bashing is a ‘political movie’ made for domestic American market, Professor Wolff tells Boom Bust

As relations between the world’s two major economies, the US and China, continue to deteriorate, RT’s Boom Bust talks to Professor Richard Wolff about what’s really going on. … Read More >Trump’s ‘tough guy’ China-bashing is a ‘political movie’ made for domestic American market, Professor Wolff tells Boom Bust

CrossTalk on the economy, QUARANTINE EDITION: ‘K-Shaped’ recovery?

As the cultural war consumes American politics during this election cycle, the economy remains in a precarious state. Millions of people live on the margins. The only constant for them is insecurity. Economists debate an eventual recovery. They speak of a U, V and a L. But is it in fact a “K-shaped” recovery? A permanent underclass? … Read More >CrossTalk on the economy, QUARANTINE EDITION: ‘K-Shaped’ recovery?

US better look at its own ‘slave labor’ problem before banning imports from China – Professor Wolff to RT’s Boom Bust

In a move that could further escalate the US-China trade war, Washington is getting ready to ban agricultural imports from western China’s Xinjiang region, alleging that those goods could be produced with forced labor. … Read More >US better look at its own ‘slave labor’ problem before banning imports from China – Professor Wolff to RT’s Boom Bust

Failure to Reopen US in ‘Humane, Open Way’ Puts Millions of Unemployed in ‘Unspeakable Position’

As identified cases of COVID-19 approach 2.63 million in the US and record numbers of the cases continue to be recorded daily, states such as Arizona have once again closed bars, gyms and theaters. One expert tells Radio Sputnik that US issues with rebounding may be related to the federal government’s initial response to the pandemic. … Read More >Failure to Reopen US in ‘Humane, Open Way’ Puts Millions of Unemployed in ‘Unspeakable Position’