Articles

  • Economic Update on WBAI Feb 4th, 2012

    Updates on rising US political donations by the wealthy, 1990-2010; falling unemployment and retail jobs, European pressures on Greece to cut wages. Major topics analyzed: (1) "trickle up" vs "trickle down" economics, (2) Obama's export promotion strategy, (3) dependence of private capitalist business on state supports.
  • Manifesto For Economic Democracy and Ecological Sanity

    A new historical vista is opening before us in this time of change. Capitalism as a system has spawned deepening economic crisis alongside its bought-and-paid for political establishment. Neither serves the needs of our society. Whether it is secure, well-paid and meaningful jobs or a sustainable relationship with the natural environment that we depend on, our society is not delivering the results people need and deserve. We do not have the lives we want and our children’s future is threatened because of social conditions that can and should be changed.

  • Who REALLY Pays Taxes?

    Originally appeared on Truthout.org on Janurary 30th, 2012 in their Tax Issue

  • Economic Update on WBAI Jan 28th, 2012

    Updates on Obama's SOTU Speech, Apple's Chinese factories, declining US union membership, rising health plan costs, and UK moves to curtail executive salaries. Major analyses of the capitalist/socialism difference and why there is plenty of money now for needed public services, contrary to business and political claims. Responses to listener's comments on: the "sugar baby" industry, women holding families together, and differences among kinds of coops.
  • The Costs of Capitalism's Crisis: Who Will Pay?

     

    Professor Richard Wolff details the problems of capitalism and urges our recognizing its obsolescence and replacing it with institutions that truly serve the people. Talk at Church of All Souls in New York City, January 24, 2012. Camera, audio: Joe Friendly

  • Richard Wolff Speaks at Occupy Marin - January 7th, 2012

    Richard Wolff addresses Occupy Marin on January 7th, 2012 and discusses ideas such as imagining a democratic alternative to police evictions of Occupy encampments across America's cities and towns. What if the decision to evict or not had been made by referendum? Voters could have determined whether to continue the long overdue public debates over inequality, injustice and capitalism that were launched and sustained above all by the Occupy encampments.

  • Global Capitalism - A Monthly Update & Discussion (January 2012)

    Basic prospects for the US economy in 2012 opened this month's update. Most attention focused on analyzing the two main problems now shaking European capitalism: (1) the financial and social costs and implications of European governments' debts and austerity programs aimed to alleviate those debts, and (2) conflicts over Greece's debts and default scenarios. Emphasis was placed on the impact of Europe's crises on the US economy in 2012.

     

  • Economic Update on WBAI Jan 14th, 2012

     

    Updates on PEW polls on shifts to market economies in Lithuania, Ukraine and Russia; on US media consolidation into 6 giant companies; on bankruptcy of Jefferson County, Alabama. Analysis of (1) public enterprises in US and especially community owned-power companies, and (2) economic inefficiency of global capitalist competition (example: excess automobile capacity). Response to questions on Henry George and taxing rents and on growth of pornography.

  • Economic Update on WBAI Jan 7th, 2012

      Updates on latest data for income of top 1%, on low US tax burden relative to other countries, on flaw in two-tier union contracts (example: GM and UAW), and on PEW poll research findings of widespread positive US attitudes toward socialism. Interview with Prof. David Fasenfest, Wayne State Univ., on Detroit's economic decline as emblem of US capitalist development and role of Occupy Detroit movement.

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