Economic Update: Marx Was Right

[EU S15 E50] Marx Was Right 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. We hope you enjoy this discussion and look forward to joining you next week for another all-new episode of Economic Update. Economic Update with Richard D. Wolff is a production of Democracy at Work, Inc. We make it a point to keep the show ad-free and rely solely 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 You can also sign up as a paid subscriber to our Substack: https://democracyatwork.substack.com/ Every donation counts and helps us provide a larger audience with the information they need to better understand the events around the world that they can't get anywhere else. We want to thank our devoted community of supporters who help make this show and the 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 Professor Wolff's latest book, "Understanding Capitalism," is available now for purchase: https://linktr.ee/understandingcapitalism

Added 7 Jul 2026