Much of the developed world is still reeling from the aftermath of the 2008 financial meltdown. Austerity measures have begun to wipe out the foundations of the welfare state while the 20th-century model of social democracy seems to be giving way to capitalist absolutism. In 2009, Newsweek heralded the end of capitalism, saying “We are all socialists now!” But two years later, the left has all but quit the European stage and individualism has become the dominant cultural paradigm.
Professor Rick Wolff discusses some of the reasons why we need a new left party in the United States, including the Democratic Party’s dependence on Wall Street and other big business interests; how this dependence has silenced the voices of the poor and middle class in our current political debates; and how left parties in Europe have contributed both to a stronger safety net and more egalitarian society, along with more widespread and militant resistance to corporate power.
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Richard Wolff spoke about the current economic crisis and its major impacts on our society, and then engaged in an onstage conversation with Anthony Arnove. This event was part of the Lannan In Pursuit of Cultural Freedom series. It occurred on a Tuesday afternoon on September 13, 2011 at the James A. Little Theater in Santa Fe, NM.
Richard Wolff, Presentation, 13 September 2011
Richard Wolff in conversation with Anthony Arnove, 13 September 2011
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
Appeared originally on Truthout on September 19th, 2011
Republicans and conservatives have done us a service by describing federal policies in terms of "class war." But by applying the term only to Obama's latest proposals to raise taxes on the rich, they have it all backward and upside down. The last 50 years have indeed seen continuous class warfare in and over federal economic policies.
Professor Richard Wolff appears with Thom Hartmann on The Big Picture to discuss the recent wild volatility of the stock market and some of the ramifications.
Appeared originally in The Guardian on September 19th, 2011
Taking his cue from Warren Buffett, President Obama has announced a 'millionaire tax' as part of his budget plan; Republicans have denounced it as 'class war'. Photograph: Rick Wilking/Reuters