- Published on August 10, 2012AUDIO
This interview originally appeared on WORT FM.
Allen Ruff interviews Professor Wolff about his latest book Occupy the Economy. Interview starts at 5:42.
I am proud to announce that our new website is live today.
Democracy at Work is a project, begun in 2010, that aims to build a social movement. The movement’s goal is transition to a new society whose productive enterprises (offices, factories, and stores) will mostly be WSDE’s, a true economic democracy.
- Published on August 6, 2012AUDIO
More important than pathologizing the individual who killed is the task of evaluating the social and psychological conditions - changeable by collective action - that can explain why his frustrations and failures should take such a violent turn against others. In other words, why does the US have more such violent, gun-using explosions of extreme personal upset than most other advanced countries combined?
- Published on August 5, 2012AUDIO
Updates on Europe's ongoing crisis, real US tax history, bank tycoon admits "mistakes", food price inflation again. Major analyses: economics of Medicaid and AFL-CIO closes National Labor College. Responses to questions on "planned obsolescence" and what individuals can do in crisis times.
On Economic Update with Professor Richard Wolff, Wolff and guests will discuss the current state of the economy, both locally and globally in relation to the economic crisis.
The latest employment report (for July 2012) from the Bureau of Labor Statistics (BLS) in Washington documents the utter failure of the political establishment to respond effectively to the crisis that began in December 2007. Unemployment remains over 8 %, more than 50% higher than it was in 2007. The U-6 figure published by the BLS that adds to these unemployed the numbers of marginal workers (those who gave up looking for work) and the part-timers who want full-time work has returned to 15% of the labor force, nearly 20 million Americans.
After 5 years of crisis - with no end in sight - it’s time to evaluate what happened, why, and what needs to be done. One key cause of this crisis, missed by most mainstream analyses, is the class structure of capitalist enterprises. By that I mean enterprises’ internal organization pitting workers against corporate boards of directors and major shareholders. Those boards seek first to maximize corporate profits and growth. That means maximizing the difference between the value added by workers’ labor and the value paid to workers in wages.
- Published on July 28, 2012AUDIO
Updates include Capital One Bank's misdeeds, French socialists' new policies, taxing churches in Spain, Walton family's immense wealth, strike at Caterpillar, and taxing private wealth. Major discussions of huge corporate cash hoards and vast private wealth hidden from view and from taxes in tax-havens. Responses to questions on reorganizing banking and on Marx's surplus value theory.