# Markets: Institutions Deeply In Need of Criticism

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Text version: https://stenobird.com/podcast/economic-update-with-richard-d-wolff-7137856/markets-institutions-deeply-in-need-of-criticism.md
Podcast: [Economic Update with Richard D. Wolff](https://stenobird.com/podcast/economic-update-with-richard-d-wolff-7137856)
Published: 2026-07-13T23:00:00+00:00
Episode link: https://sites.libsyn.com/84104/markets-institutions-deeply-in-need-of-criticism
Audio file: https://traffic.libsyn.com/secure/economicupdate/Economic_Update__Markets__Institutions_Deeply_In_Need_of_Criticism.mp4?dest-id=398074
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JSON: https://stenobird.com/v1/public/podcasts/economic-update-with-richard-d-wolff-7137856/episodes/markets-institutions-deeply-in-need-of-criticism
Duration seconds: 1917

## Resource

This week on Economic Update, Professor Wolff presents an analysis of how markets work, which parts of society they favor and serve, and which they discriminate against. He also unpacks why markets are NOT the same as capitalism, and where markets are NOT allowed to exist in the world today, including in the U.S. He wraps up today’s show with an analysis of why market idolatry now functions as a kind of secular religion, especially in the U.S. but also globally.

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## Transcript

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