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
Recent statistics from the US Census Bureau show improvement from 2014-2015, but in reality, wages are in a real decline and no mechanisms have been put in place to prevent another crash, says Prof. Wolff.
Prof. Wolff joins The Real News Network to discuss the class war waged on workers in Europe and the growing number of protests sweeping the continent, from France to Greece.Read more
Despite a concerted effort by the U.S. Empire to snuff out the ideology, a 2016 poll found young Americans have a much more favorable view of socialism than capitalism.
Though he died 133 years ago, the analysis put forward by one of the world’s most influential thinkers, Karl Marx, remains extremely relevant today. The Empire’s recent rigged presidential election has been disrupted by...READ MORE