TRNN: Obama's Economic Legacy: Recovery for the Architects of Financial Crisis

Underpinning people's rage towards the establishment is the sense that modern capitalism is no longer working, says economist Richard Wolff . For working people in the United States, the last 10 years have been very, very bad. And what's worse is they come on top of the previous 20 years, when they weren't very good either -- which is why the gap between rich and poor has gotten so much more extreme...it's why the predictions that Mr. Obama's successor, Mrs. Clinton, would win the election, that assumption was destroyed. And, in large part, it was because the reality of what has happened to working people's situation turned them against the Democratic Party, made them leave the Democratic Party, and particularly the central wing, the Clinton wing. 

Read more

Economic Update: Economics of Emotional Labor

Harriet_Fraad_thumb.jpg

On this week's episode of Economic Update, Prof. Wolff interviews Dr Harriet Fraad on emotional labor.  READ MORE


Capitalism Is the Problem

employee_owned_thumb.jpg

This article originally appeared at Truthout.org 

Over the last century, capitalism has repeatedly revealed its worst tendencies: instability and inequality. Instances of instability include the Great Depression (1929-1941) and the Great Recession since 2008, plus eleven "downturns" in the US between those two global collapses. Each time, millions lost jobs, misery soared, poverty worsened and massive resources were wasted. Leaders promised...READ MORE


Kapitalismus vs. Sozialismus: Eine neue Debatte

This article by Richard Wolff was originally published in English. Dieser Artikel von Richard Wolff wurde ursprünglich in Englisch veröffentlicht.

Wieder einmal gefährden die Widersprüche, Fehler und Schwächen des Kapitalismus‘ seine eigene Existenz. READ MORE


Economic Update: We Can Do Better Than Capitalism

worker_coop_thumb.jpg

On this week's episode of Economic Update, Prof. Wolff provides updates on mistreated homeless, keeping millions from voting, 'I, Daniel Blake,' 3000 water systems like,Trump's foreign employees, unequal retirement USA, Sen Whitehouse on anti-science. READ MORE


How Trump Could Bring on the Crash of 2016

The_big_picture_rt_12302016_thumb.png

Prof. Wolff joins Thom Hartmann on The Big Picture to discuss Trump’s economic and trade policies.  If Trump cuts taxes and ramps up defense spending, the U.S. could be looking at a shift back to Reagan-era economics. 

Read more

Economic Update: Xmas vs Economic Realities

On this week's episode of Economic Update, Prof. Wolff provides updates on politicians lying about economics, fines for big banks, Maine votes left, int students come less to US, Pebble Mine struggle, fading American dream. READ MORE


Wolff on Upstream: The Recession isn't Over, but is Capitalism?

Unemployment is down and the stock market is up. So we're in a recovery, right? Many politicians & economists would like us to think that, but Prof. Wolff explains how this couldn't be farther from the truth. Not only is the recession that started in 2008 far from over, but we might actually be witnessing the collapse of capitalism as we know it. LISTEN HERE


Economic Update: Escape from Labor in Capitalism

On this week's Economic Update, Prof. Wolff provides updates on US defense spending,  French vs US capitalism, Ikea's US paid family leave, Trump's economics. Interview with. READ MORE


Global Capitalism: "Trump's Ideas for Jobs, Taxes, Trade" (DEC 2016)

These programs begin with 30 minutes of short updates on important economic events of the last month. Then Wolff analyzes several major economic issues. For December, these include... READ MORE



connect

get updates