This week's episode of Economic Update is an adaptation from a talk Professor Wolff gave at Yale University on December 2, 2025, to the Yale Political Union. In this presentation, he discusses the significance of the title "Marx was Right," which Yale offered, and points out that, over the last 75 years, such a topic or event would not likely have occurred on that campus. He provides a basic summary of critical points throughout Marx's work where he has been proven "right." Professor Wolff also discusses how and why socialism has evolved, from the rise and fall of the USSR to the rise of the People's Republic of China.

The d@w Team Economic Update with Richard D. Wolff is a DemocracyatWork.info Inc. production. We make it a point to provide the show free of ads and rely on viewer support to continue doing so. You can support our work by joining our Patreon community: https://www.patreon.com/democracyatwork Or you can go to our website: https://www.democracyatwork.info/donate Every donation counts and helps us provide a larger audience with the information they need to better understand the events around the world they can't get anywhere else. We want to thank our devoted community of supporters who help make this show and others we produce possible each week. We kindly ask you to also support the work we do by encouraging others to subscribe to our YouTube channel and website: www.democracyatwork.info

On this week's episode of Economic Update, Professor Wolff delivers updates on the internal struggle inside the U.S. Teamsters Union between O'Brien leadership and Hooker challenge group (pro- vs anti-Trump), Trump-McMahon attack on the nursing profession in the U.S., and Trump's own reduction of tariffs and thus of government revenue from tariffs. Then, Professor Wolff interviews Abby Martin about her new film, "Earth's Greatest Enemy," which explores the U.S. military's disastrous ecological impact on the planet.

The d@w Team Economic Update with Richard D. Wolff is a DemocracyatWork.info Inc. production. We make it a point to provide the show free of ads and rely on viewer support to continue doing so. You can support our work by joining our Patreon community: https://www.patreon.com/democracyatwork Or you can go to our website: https://www.democracyatwork.info/donate Every donation counts and helps us provide a larger audience with the information they need to better understand the events around the world they can't get anywhere else. We want to thank our devoted community of supporters who help make this show and others we produce possible each week. We kindly ask you to also support the work we do by encouraging others to subscribe to our YouTube channel and website: www.democracyatwork.info

On this week's show, Prof. Wolff presents updates on how capitalism gets in the way of fighting Covid-19, systemic racism and Covid-19, why Europe did not allow the mass unemployment imposed on the US, and Wells Fargo CEO's fake excuse for lack of diversity among bankers. In the second half of the show, Wolff explores why capitalism fears the modern state and how it controls that state.