Oct 3, 2026 Economics
Richard D. Wolff is Professor of Economics Emeritus at the University of Massachusetts Amherst and a visiting professor in the Graduate Program in International Affairs at The New School. He is also co-founder of Democracy at Work and host of Economic Update. In this episode, Richard and Robinson discuss Donald Trump, socialism in the United States, and Richard’s disagreements with Victor Davis Hanson. More particularly, they talk about Richard’s case against Trump, his criticisms of Hanson’s understanding of socialism, American power, European colonialism, Russia and NATO, and Israel. They also discuss James Talarico and Abdul El-Sayed, the history of American socialism, the minimum wage, money in politics, Thomas Massie, JD Vance’s relationship with Peter Thiel, and Richard’s experience running for city council. Richard’s books include Understanding Capitalism (Democracy at Work, 2024). Richard’s Books: https://linktr.ee/richardwolffbooks Richard’s Website: rdwolff.com Democracy at Work: democracyatwork.info Understanding Capitalism: democracyatwork.info/understanding_capitalism OUTLINE 00:00:00 Introduction 00:07:05 America Is Getting Weaker! 00:14:14 Trump’s America Has Forgotten Its History 00:19:12 Is There Still a Good Case for Trump? 00:26:23 Trump’s Promises He Cannot Keep! 00:34:53 Recap: Richard Wolff vs Victor Davis Hanson 2026 00:44:23 Victor Davis Hanson Doesn’t Understand Socialism! 01:05:01 Trump and Europe’s Colonialism Is Over! 01:08:48 Russia Is a Victim of NATO 01:11:24 Israel Has Been Bombed 01:15:52 Richard Wolff’s Problem with James Talarico 01:25:22 Socialists Ruled the United States 01:33:08 Why Don’t Socialists Want Trump’s Free $5,000? 01:44:41 Does Abdul El-Sayed Have “the Gift”? 01:54:43 Why Americans Can’t Get into Socialism 02:03:16 Richard Wolff Is Struck by Thomas Massie 02:09:20 JD Vance Is Funded by Peter Thiel! 02:16:53 What Is Democracy at Work? Robinson Erhardt researches symbolic logic and the foundations of mathematics at Stanford University, where he is also a JD candidate in the Law School.