• Democracy Realized

      In worker self-directed enterprises (WSDEs), workers democratically run the affairs of the enterprise. They make the decisions whose consequences shape their lives. Their job descriptions require them to perform some specific tasks within the enterprise’s division of labor, but their job descriptions also obligate their participation in directing the enterprise.   To perform their specific tasks, workers in WSDEs must learn how to do the required work, must be trained and educated, first in schools before employment and afterwards on the job as well.
  • Austerity, US Style, Exposed

    originally appeared in

  • Online Education: Another Phony "Revolution"

    originally appeared in

    Thomas Friedman's latest column touting online education "is another exercise in (1) finding a potential positive dimension of capital's latest profit-driven move, (2) hyping it and (3) ignoring its contradictions, especially those that are negative."

  • Income Inequality

        In the United States as in many other capitalist countries, recent decades have seen a growing distance between higher and lower personal incomes. Income inequality and poverty levels have risen. Occasionally defended as necessary, natural, and even desirable by some, most citizens have expressed more or less dismay and opposition to ever-greater personal income inequality. They see that inequality as helping to cause the severe global crisis since 2007. They believe that it strains the implicit social compacts holding contemporary capitalist societies together.
  • Talking Congressman Ryan on KPFA's Evening News

    Professor Wolff on KPFA's Evening News

  • Economic Update: "Economics and Banking"

      Updates on Gerard Depardieu's individual tax evasion, corporate tax evasion via profit repatriation, worst CEOs of 2012, and phony DC "debt-ceiling" theatrics. Discussion of Swiss bank crimes, Keynesian vs Marxian economics, political turmoil in 2013, and criticism of markets. Response to question on new capital gains taxes.   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.

  • Revolution for Income Equality (blog)

      The transitions from feudalism and other pre-capitalist economic systems to modern capitalism have always and everywhere been celebrated for bringing a new epoch of human history. Freedom, democracy, and equality were the hallmarks of those celebrations. The French Revolution of 1789 raised the slogan of liberte, egalite, fraternite. The US has long celebrated its capitalism for producing a vast “middle class” that permanently overcame previous societies’ tendencies toward extreme inequalities of wealth and income.
  • Is There an Alternative for Capitalist Economics and Politics? Richard Wolff Says Yes

    This article originally appeared on   "Imagine a country where the majority of the population reaps the majority of the benefits for their hard work, creative ingenuity and collaborative efforts. Imagine a country where corporate losses aren't socialized, while gains are captured by an exclusive minority. Imagine a country run as a democracy, from the bottom up, not a plutocracy from the top down.
  • Economic Update: "Our Unjust Federal Tax System"

      Updates on how the new US tax deal favors the rich, deepening student loan problems, and how 2012 benefited billionaires. Analysis of possible conversion from a war-oriented to a peace-oriented economy. Response to listener question on using workers' pension funds to change corporate behaviors.     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.

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