On this week's Economic Update, Prof. Wolff provides updates on cutting vaccine costs, shameful Harvard economics, Icelandic women on strike, and corporate merger mania. Major discussions of US medical care...READ MORE
Speak Out Now Revolutionary University hosted 2 days of presentations and discussions on current world problems and possible solutions. Prof. Wolff addressed the instability of capitalism. Its cyclical downturns, which occur every 4 to 7 years, are responsible for the collapse of businesses and the loss of millions of jobs.Read more
Prof. Wolff joins WMNF's Rob Lorei on Radioactivity Friday to discuss the state of the economy, Trump's plan for trade and...READ MORE
KPFA's Salima Hamirani speaks with Prof. Wolff about the state of politics in the US and his ideas for rewriting the economic script in the country. His latest book...READ MORE
Global Capitalism, Monthly Economic Update
"A Looming Crisis: Major Candidates Ignore It"
These programs begin with 30 minutes of short updates on important economic events of the last month. Then Prof. Wolff analyzes several major economic issues. For October 2016, these will include...READ MORE
On this week's episode of Economic Update, Prof. Wolff provides updates on US workers' productivity rising while wages flat since 2009, US corps evading taxes, Gallup Poll on poor US job picture, wealth of billionaires enough, if redistributed, to change...READ MORE
(Photo: Ivan Kashinsky / The New York Times)
This article originally appeared at Truthout.org
Capitalism has a long, ugly history of scapegoating immigrants. The pattern has been repeated often. For example, British capitalism's drive to empire helped force the Irish, as colonial subjects, to emigrate. Miserable colonial conditions, including horrific famines, drove many Irish to labor for capitalists in England at wages lower than English workers had won. English workers raged against and clashed with the Irish immigrants more than they struggled against the colonial system that had brought them.