Economic Update: Labor & Capitalism’s Rise & Fall

[S11 E20] Labor & Capitalism’s Rise & Fall On this week’s show, Prof. Wolff discusses Congress Bills giving statehood to Washington, DC, and countering GOP efforts to restrict voting; and Biden’s tax reforms to help pay for new and expanded government programs. In the second half of the program, Wolff interviews Prof. Michael Hillard on the role of labor in the dramatic rise and fall of Maine’s paper industry, a parable for the economic difficulties facing the US today. **Economic Update with Richard D. Wolff is a @Democracy At Work production. We make it a point to provide the show free of ads. Please consider supporting our work. Donate one time or become a monthly donor by visiting us at or become a patron of Economic Update on Patreon: Your contributions help keep this content free and accessible to all. Now more than ever, sharing Prof. Wolff’s message is critical.