Class Analysis

  • February Monthly Update on ForaTV

    This month, I am testing a trial partnership with ForaTV to disseminate widely the Monthly Economic Update I prepare. Fora TV charges $5.95. For three years, all my interviews, articles, lectures, blogs, podcasts and radio programs have been free. Most will continue to be.   However, because my team of four devote much time and effort to arrange, tape, process, and post each item to reach the maximum number of people, they need some remuneration.
  • Who REALLY Pays Taxes?

    Originally appeared on Truthout.org on Janurary 30th, 2012 in their Tax Issue

  • Capitalism in Crisis: What is to be Done?

    In this fifth year of economic crisis, as the 99% bear its mounting costs, a new movement is rising to confront and change the system in crisis. What strategy should we pursue, what choices must we make to realize the historic potential of our movement?  

    Richard Wolff speaks by the central fountain in Washington Square Park.

  • The originality of Occupy Wall Street

    The political movements of the left that I have participated in over many decades were almost always focused on or prioritized particular issues (wars, civil liberties, civil rights, poverty, collective bargaining, etc.) and/or particular subsections of the population (African-Americans, women, gay people, immigrants, etc.). The authorities almost always took advantage of that focus to separate and isolate the movement from society generally. They were often successful.

  • Global Capitalism - A Monthly Update & Discussion (Nov 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

  • Economic Update on WBAI Nov 5

    Brief updates cover China's latest financial interventions in Europe, Greece scapegoated as France and Germany deflect domestic attention and criticism of their austerity programs, comparison of European and US crisis-coping mechanisms, and poor US showing on OECD social justice indicators. We air the first part of fascinating interview with Occupy Wall Street activist Christina Towne on how and why she got involved. The second part - Towne's views on how and where OWS is developing as a movement - will be aired Nov. 12.

  • American Revolution - By Press TV

    Broadcast Date: 30 Oct. 2011 Watch on YouTube

    Thousands of Americans have been occupying Wall Street for weeks. Is this the start of the American revolution?

    They say they are defending the 99 percent of Americans against the wealthiest 1 percent who control 50 percent of America's wealth.

    Since the 2008 financial crisis, which was caused by the financial sector, the US economy has been in and out of recession. Thousands of people have lost their jobs, real wages are declining and benefits have been cut.

  • How Class Works

      In the below animation and audio presentation, Wolff explains what class is all about and applies that understanding to the foreclosure crisis of 2007–2011. He argues that class concerns the "way our society splits up the output [and] leaves those who get the profits in the position of deciding and figuring out what to do with them...
  • Economic Update on WBAI Oct 29

    Updates on recent OECD reports on social justice, poverty, education and taxing offshore wealth across 31 countries with focus on US, on China's funding on European bailout and purchase of Saab, on the European leaders scapegoating Greece to divert attention from their own austerity programs, and on comparing US and European responses to the global capitalist crisis. Analysis of just released Congressional Budget Office report on "Trends in the Distribution of Household Income, 1979-2007" proving how 1% top income receivers gained at the expense of other 99%.

  • Top Economists on How to Fix the Economy

    Jared Bernstein, senior fellow, Center on Budget and Policy Priorities

    I think the authors are absolutely on the right track. and they’re smart to get outside the usual constraints—they essentially ignore issues like “shovel ready” or how our economy could actually absorb $240 billion a year in new infrastructure projects without trying to drink from a firehose. They say we will help underwater-mortgage holders who can ultimately service their loans but not the ones who can’t, when, of course, it’s not obvious which is which.

  • Economic Update on WBAI Oct 22

    Updates this week focus on Walmart's elimination and cut-backs of health insurance for its employees, on the failed inspections that recently allowed unclean melon production to kill 25 Americans and sicken many more, on the rising scandal of college students' debt burdens, and on the grotesque Herman Cain plan that would sharply lower taxes on the richest Americans. The major focus was a comparison of the 1930s with the current crisis in capitalism to draw lessons for the kind of economic policy now that the Occupy Wall Street movement might consider. 

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