- Published on April 17, 2012VIDEO
These Tuesday evenings will each begin with an update and analysis of major economic events of the last month and their contexts of longer-term economic trends shaping politics and society here and abroad. We will focus on the evolving global capitalist economic crisis and its consequences. We will examine topics such as
Article first appears in MRZine on April 16, 2012.
Most Presidents preside over one or more capitalist downturns (recessions, depressions, crises, etc.). Every President since at least FDR generated a "program" to respond to the downturn -- as demanded by citizens and businesses. FDR and every later President promised that his program would "not only extricate the US from the present economic troubles but will also make sure neither we nor our children need face such downturns in the future." Obama is only the latest to do so.
- Published on April 16, 2012AUDIO
Richard Wolff appears on Flashpoints to speak with CJ Holmes and Dennis Bernstein to provide an economic update as well as touch on the continuing foreclosures.
- Published on April 15, 2012AUDIOUpdates on huge fines for major pharmaceutical firms, long-standing huge wealth redistribution from richer to poorer states by Washington, and crisis in public higher education funding. Major interview with Dr Harriet Fraad regarding profound psychological costs of capitalism's instability.
- Published on April 12, 2012VIDEO
Richard Wolff offers a compelling new manifesto for a democratic alternative to capitalism based on workers direction their own workplaces. The solution requires the institution of genuine economic democracy as the basis for a genuine political democracy. The event took place at Columbia College Chicago on March 27th, 2012.
Government budget deficits and the national debt are occasions more for demagogues to preach than for serious analysis. The usual suspects, conservatives and liberals, are gearing up for the election. Each side uses the large federal budget deficits and fast-accumulating national debt to beat its tired ideological drums. Conservatives insist that deficits and debts require huge cuts in government jobs and job benefits (especially pensions) and in social programs (especially Medicare and Medicaid).
- Published on April 8, 2012AUDIOUpdates on April 6 US govt report of sharply reduced hiring, national protest against mass transit cutbacks, Dallas Fed admits failure and nationalization of major US banks, high European unemployment, and North Dakota's 100-year support for a public bank and a public grain storage and mill company. Major analysis criticizes claims that government budget deficits and debts are caused by workers' pensions, Medicaid and Medicare costs; actual causes shown to be the post-2007 crisis and deep cuts in taxes on corporations and the richest individuals.
- Published on April 4, 2012VIDEO
There is no way the US can solve its tremendous financial problems within the settled economic system. America must go beyond capitalism, argues Richard Wolff, an economics professor at New School University, in an exclusive interview with RT.
RT: Where do you think the US economy is right now?
Richard Wolff: The crisis that was bad in the US, then became bad somewhere else (in Europe), is heading back to America to give us as many problems now as we see the Europeans having, but we will have them a little bit later.
- Published on April 2, 2012AUDIO
Richard Wolff is respected for his critical thinking and ability to explain economics to the rest of us. Peter Collins and Richard Wolff talk about the origins of our current problems, the political blame game, and how Americans bypass the true culprits. They talk about Apple’s $100 billion cash stash, most of which is stashed offshore awaiting tax breaks that won’t produce jobs as they claim. Richard Wolff responds to Romney’s claims that regulations stifle business and job growth, and offers interesting comments about Columbia Prof.