Economic Democracy

Economic Update: What's Wrong with Markets

Updates on Memphis workers locked out; problems of on-line education; capitalism, wealth inequality, and Starbucks; and Gallup on Americans' dissatisfied with their economy. Major discussions of (1) unemployment and politics and (2) organizing a market in human kidneys and markets in general. Response to question on Europe's economic crisis and its links to Europe's generous state services and safety nets.

RT Interview: Richard Wolff on 90th Anniversary of Lenin's Death

Today is the 90th anniversary of the death of Vladimir Lenin - the man credited with changing the course of history for Russia, and the world. His body is on public display in central Moscow, and just like him the ideas he launched a revolution for are not exactly buried. For Russians, 70 years of the Soviet Union left most people indifferent towards Lenin's legacy. Hovewer, the socialist ideas he fought for have gained some traction in the West. Economist Richard Wolff joins RT for a detailed look at socialist ideas.

Economist: Fix America By Bringing Democracy to Work

This article originally appeared at

Economic Update: Global Inequality

Updates on Colorado's new marijuana shops, how context exposes "recovery" claims, cause and cure for US obesity epidemic, and France's 75% tax rate on annual incomes over $1.3 million. Major discussions of history and dimensions of global inequality and movements for guaranteed annual incomes in Switzerland and beyond. Responses to questions on credit unions versus private banks and on the uniqueness of the economic crisis in western Europe.

Economic Prosperity and Economic Democracy: The Worker Co-Op Solution

This article originally appeared at (Image: Workers building via Shutterstock)

Workers' self-directed enterprises (WSDEs) are a response to capitalism's failure to deliver economic prosperity and socialism's failure to deliver economic democracy.

Economic Update: The Trend to Inequality

Updates on economic decline and meanness, car sales in China, McDonalds embarrassed, Cuba exports doctors to Brazil, and a campaign to rescue higher education from "efficiency." Major discussions of conservative inequality denials and of the significance of "productivity" statistics. Response to question on the nature, origin, and meaning of "profit."

Οι καπιταλιστές εκμεταλλεύτηκαν στο έπακρο τις ευκαιρίες της κρίσης


Richard Wolff on Capitalism and Socialism: An Interview with C. J. Polychroniou

This article originally appeared at  

Greek version of article available in the Non-English section of

Economic Update: Recent Economic History

Updates on Wisconsin's public employees, the GRAT tax evasion, and the last 50 years of the "War on Poverty." Major discussions of the FED's "taper program," the Boulder, CO vote to produce electricity production itself, and evaluating 20 years of NAFTA. Response to emailed question on AIG bailout and its results.

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