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[S12 E04] The Socialism Issue On this week's show, Prof. Wolff talks about the recreation of `company towns' (eg., Kalamzoo, MI) by the richest US capitalists, Biden and the reality of US jobs lost, how and why the US follows UK decline, and rising mass alienation from established political leaders and parties. The second half of the program features a discussion of socialism without Cold War taboos. **Economic Update with Richard D. Wolff is a@democracyatwrk production. We make it a point to provide the show free of ads. Please consider supporting our work. Become an EU patron on Patreon: / economicupdate and help us spread Prof. Wolff's message to a larger audience. Every donation counts! A special thank you to our devoted EU Patreon community whose contributions make this show possible each week. ****************************************************************************************** SUBSCRIBE: EU Podcast | Apple Podcasts | Google Podcasts | Spotify | iHeartRADIO SUPPORT: Join our Patreon community at patreon.com/economicupdate or donate on our website at democracyatwork.info/donate Follow us ONLINE: Facebook: / economicupdate / richarddwolff / democracyatwrk Twitter: / profwolff / democracyatwrk Instagram: / democracyatwrk Shop our CO-OP made MERCH: https://democracy-at-work-shop.myshop... Want to help us translate and transcribe our videos? Learn about joining our translation team: https://www.democracyatwork.info/geti... ****************************************************************************************** NEW 2021 Hardcover edition of “Understanding Marxism,” with a new, lengthy introduction by Richard Wolff is now available at: https://www.lulu.com/ “Marxism always was the critical shadow of capitalism. Their interactions changed them both. Now Marxism is once again stepping into the light as capitalism shakes from its own excesses and confronts decline.” Check out all of d@w’s books: "The Sickness is the System," "Understanding Socialism," by Richard D. Wolff, and “Stuck Nation” by Bob Hennelly http://www.lulu.com/spotlight/democra... ****************************************************************************************** SOURCES FOR SHOW SEGMENTS Kalamazoo, MI: https://time.com/6110450/kalamazoo-fo... Job losses: https://www.bls.gov/charts/employment... https://www.axios.com/newsletters/axi... UK joins US in a steadily widening wealth gap: https://www.theguardian.com/money/202... https://www.ft.com/content/75134d52-0... Disapproval of Biden: • Biden, Harris, DNC, and GOP Approval Ratin...