Soaring U.S. Debt & Class Struggle
The Socialist Program welcomes Professor Richard Wolf to discuss the issues surrounding consumer debt as highlighted in a Wall Street Journal article. Professor Wolf critiques the article for ignoring the fundamental struggle of the working class to meet expenses without accumulating debt. The discussion delves into Modern Monetary Theory (MMT) and the implications of government debt, highlighting the potential risks of excessive money printing leading to inflation. The interview also addresses the relationship between militarism and debt, emphasizing the significant economic burden of war preparations and maintaining a global military presence. Professor Wolf underscores the challenges faced by the US as a debtor country due to extensive military spending, posing critical questions about the allocation of resources and the impact of debt on society.
Read moreWest's Colossal Mistake: US Decline, BRICS Rise, Tariffs Destroy Dollar | Prof. Richard Wolff
Prof. Richard Wolff joins the program to discuss his reaction to the massive geopolitical and economic shifts taking place worldwide as a result of the rise of BRICS, the decline of the US empire and the growing influence of Russia and China.
Read moreLaw and Disorder September 16, 2024
Richard Wolff joins Law and Disorder to discuss the parallels between the rise of fascism in early 20th-century Germany and the current political climate in the United States. He explains that the defeat of Germany in World War I triggered an economic collapse, hyperinflation, and desperation, creating fertile ground for Adolf Hitler’s ascent. Wolff compares this to the U.S., where stagnant wages and job losses since the 1970s have fueled discontent. He highlights how scapegoating played a role in both contexts: Jews in Germany, and immigrants and people of color in the U.S. Wolff warns that, like Hitler, Donald Trump is an effective demagogue capable of manipulating public sentiment, raising concerns about the rise of fascism in America today.
Read moreRichard Wolff on Kamala Harris as a Marxist, Tariffs and Price Gouging
Letters and Politics interviews Richard Wolff on the subject of economics and the current election. Wolff discusses the false accusations of Kamala Harris being labeled a Marxist by Donald Trump. He explains the concept of tariffs, highlighting the misconception that tariffs are paid by the country imposing them, and emphasizes the negative impact of tariffs on American businesses and markets. Wolff also delves into the issue of price gouging, noting that while many states have laws against it, enforcement is often lacking. Lastly, Wolff criticizes the lack of focus on fundamental economic issues in the current political discourse and hints at the need for further discussions on these topics.
Read moreThe Decline of the U.S. Empire: Where Is It Taking Us All?
The evidence suggests that empires often react to periods of their own decline by over-extending their coping mechanisms. Military actions, infrastructure problems, and social welfare demands may then combine or clash, accumulating costs and backlash effects that the declining empire cannot manage. Policies aimed to strengthen empire—and that once did—now undermine it. Contemporary social changes inside and outside the empire can reinforce, slow, or reverse the decline. However, when decline leads leaders to deny its existence, it can become self-accelerating. In empires’ early years, leaders and the led may repress those among them who stress or merely even mention decline. Social problems may likewise be denied, minimized, or, if admitted, blamed on convenient scapegoats—immigrants, foreign powers, or ethnic minorities—rather than linked to imperial decline.
Read moreKPFA Special – Richard Wolff on Harris, Trump, & the Economy Part I
In this interview on KPFA's Letters and Politics, Richard Wolff discusses economic issues such as tariffs and price gouging. Tariffs are explained as taxes on imports paid by American importers, not by the countries of origin. He delves into how protectionist measures like tariffs can lead to negative consequences like higher prices and loss of market competitiveness. Wolff also delves into price gouging, highlighting how it reflects businesses charging what the market will bear, potentially impacting consumers during crises. Lastly, he touches on broader societal issues like the Lavender scare and current political rhetoric around communism and Marxism.
Read moreThe US Empire in Decline
On the show, economist and professor Richard D. Wolff provides insights on the United States' economic decline and the global geopolitical landscape. Wolff discusses the complexities of assessing an economy and the misleading nature of cherry-picking data. He highlights the historical context of the United States as a post-World War II empire and delves into the changing dynamics of global powers, emphasizing the rise of China. Wolff urges for a shift towards multilateral cooperation and diplomacy to avoid escalating tensions and detrimental conflicts. He encourages listeners to explore his work through websites like democracyatwork.info and rdwolff.com and mentions the release of his book titled "Understanding Capitalism."
Read moreA Crisis in Europe
Don't miss Professor Richard Wolff on The Socialist Program as he discusses Europe's declining economic competitiveness with the US and China. Wolfe explains how historical imperialism and colonialism have shaped Europe's current situation under capitalism. The interview delves into the struggle for Europe to adapt to the shifting global power dynamics and outlines the potential consequences of increasing military spending. It highlights a shift towards scapegoating immigrants and prioritizing military solutions over addressing societal needs or offering reparations to oppressed nations. Wolfe emphasizes the urgent need for awareness and action to address the challenges of declining empires and the dangers of denial.
Read moreResource Wars and the Economics of Scarcity with Richard D. Wolff
Join WaterWars Podcast as they explore the origins and implications of resource wars in the face of a changing climate and growing global population. From historical imperialism to modern-day struggles for resources like lithium, the interview questions the narrative of inevitable scarcity and competition for natural resources. Highlighting historical instances like the Spanish Empire's exploitation of Latin America and the 1943 Bengal famine, the conversation sheds light on how capitalist systems and imperialism fuel resource conflicts and inequality. Economist Amartya Sen's research on famines reveals that it is not absolute food scarcity but inequalities in access and distribution that lead to tragic outcomes. Ultimately, the interview advocates for a shift towards ecological and social justice, rejecting the narrative of unavoidable resource wars in favor of transformative societal change.
Read morePrinsights: Exclusive Interview with Professor and Author Rick Wolff
Don't miss Dr. Richard Wolf on Printsite's Global as he discusses his book "Understanding Capitalism" in an interview with Naomi. Dr. Wolf delves into why he chose to write the book, emphasizing the need for critical debate and analysis of the capitalist system. He highlights issues of democracy, inequality, and instability within capitalist enterprises, encouraging readers to question the norm. Dr. Wolf underscores the importance of workplace democracy and the impact of profit-focused systems on society, urging people to envision alternatives to capitalism. He concludes by directing listeners to the websites democracyatwork.info and rdwolf.com for more information on his work and the book.
Read moreWhere AI Isn't a Four Letter Word: China Builds Robots to Aid Workers
On the Socialist program, Professor Richard Wolff covers the topic of automation and its impact on workers in the United States and China. He contrasts how automation is used to maximize profits in the U.S. but can be harnessed to benefit workers in China. The discussion highlights the potential of automation to either worsen income inequality or boost global growth and productivity. Wolff emphasizes the importance of redefining work and finding a balance between efficiency and meaningful employment in the face of advancing technology. The interview underscores how different economic systems approach automation and the consequential societal implications.
Read moreHow Both Ruling Class Parties Use Taxes to Keep Corporations Wealthy
On The Socialist Program, Richard Wolff offers perspectives on Kamala Harris' tax proposals, emphasizing the need for more significant changes to address inequality in the United States. He highlights the historical roles of taxation in government functions and income distribution. Wolff calls for a reevaluation of the economic system to prevent unequal wealth distribution in the first place, rather than relying on post-distribution corrections through taxation. He criticizes government subsidies to corporations, pointing out how they perpetuate wealth inequality. Finally, the interview underscores the urgency of addressing systemic issues rather than making minor adjustments at the edges to truly address economic inequality.
Read moreRichard Wolff: Israel, Ukraine, China, and the End of the American Empire
Richard Wolff joins Robinson's Podcast for a wide-ranging discussion, starting with his personal history and moving into critical global issues. He addresses Marxism's struggles in academia, the economic forces shaping history, and geopolitical topics like the Ukraine conflict, China's rise, and Israel's global role. Wolff explores the tension between socialism and capitalism, the impact of global capitalism on the Islamic world, and the economic challenges facing Europe and America.
Read moreFood Prices Under Biden-Harris Slammed Working-Class Families But Now They Pretend to Have an Answer
Hear from Richard Wolff on The Socialist Program about the alarming rise in college closures and the impact on students with overwhelming debt. Wolff criticizes the business-like approach to education and highlights the economic and societal consequences of shutting down universities. He also delves into the topic of price gouging and its political implications, emphasizing the need to address inequality and instability in the economy. Wolff discusses the decline of the U.S. empire and suggests looking at historical examples for guidance on navigating such a decline. The interview ends with a teaser for a future episode addressing solutions to the challenges posed by an empire in decline.
Read moreRichard D. Wolff & Michael Hudson: US Empire's Decline & Massive Economic Shifts!
Dialogue Works hosts Richard Wolff and Michael Hudson for a discussion on the current conflict between Russia and Ukraine. The interview delves into the complexities of the situation, including Ukraine's attack on Russian soil and the various perspectives on the conflict from different media sources. Wolff and Michael highlight the impact of the conflict on both Ukraine and Russia, as well as the broader implications for global geopolitics. They touch on Germany's involvement in the conflict, the economic consequences for European nations, and the shift in dynamics caused by US foreign policy actions. The conversation underscores the potential repercussions of the conflict and the need for a deeper understanding of its implications on a global scale.
Read moreU.S. Empire is Creating Its Own Demise with Growing Inequality, Endless Wars w/ Prof. Richard Wolff
Don't miss Richard Wolff on Rachel Blevins Podcast as they cover the latest US economic situation, focusing on issues like inflation, unemployment, and growing inequality. They delve into the challenges facing the US economy and the impact on average citizens. The conversation expands to US foreign policy, questioning the sustainability of the US empire's actions around the globe. They discuss the international conflicts, particularly the situation between Israel and Palestine, emphasizing the moral and ethical considerations. The dialogue highlights the urgency for a reevaluation of US leadership, global engagement, and the need for significant societal and economic changes to address prevailing issues.
Read moreUnderstanding Capitalism w/Richard Wolff
Give Them An Argument w/Ben Burgis interviews Richard Wolff, focusing on his new book "Understanding Capitalism." Wolff discusses capitalism, monopolies, and myths surrounding the economic system. He delves into the misconception that monopolies are the root of the issues within capitalism, explaining that while addressing monopolies is important, it does not fundamentally change the employer-employee relationship at the core of capitalism. He highlights the aspirations of many to become their own bosses as a form of subconscious critique of the current system. The interview touches on the evolving nature of capitalism and the need to consider what comes next in economic systems. Wolff also reflects on the legacy of Michael Brooks and shares insights on collaborative projects that were planned before Brooks' passing.
Read moreStocks Crash & Rebound: Is a New Recession Coming?
Don't miss Richard Wolff on The Socialist Program as they cover the recent stock market crashes and rebounds, highlighting the uncertainty and volatility in the market. They discuss the ruling against Google for illegal monopoly practices, exposing the impact on competition in the search industry. The conversation also delves into how capitalists exploit monopolies to inflate prices and generate profits, ultimately burdening consumers. The interview emphasizes the hidden costs of monopolies on working-class individuals and illuminates the manipulative tactics used by powerful corporations. Through a Marxist lens, they analyze the interconnected dynamics of competition and monopoly within capitalism, shedding light on the systemic inequalities perpetuated by corporate entities and billionaires.
Read moreUS HEGEMONY ENDS: Economic Decline, Rise of BRICS & Political Turmoil
Lena Petrova Podcast features Richard Wolff discussing the current phase the United States is in, comparing it to the decline of past empires. They delve into the economic factors contributing to the US economy's challenges, including the decline in demand for US debt held by foreign countries. The conversation also touches on shifting global power dynamics, potential risks of hyperinflation, and the importance of facing reality and seeking alternative perspectives to navigate the complexities of the current economic landscape. Despite expressing concern over leaders' reluctance to address these issues, both remain optimistic about the possibility of finding solutions through open conversations and collective action. Lastly, they highlight the importance of raising awareness and fostering dialogue to address the challenges at hand.
Read moreUS DECLINE: Massive Bank Crashes, Economic Downturn Accelerates
In this Lena Petrova Podcast interview, Richard Wolff discusses the concerning state of the U.S. economy and potential challenges ahead. He highlights the growing inequality of income and wealth over the past 40 years and the emergence of the People's Republic of China as a major economic competitor. Wolff expresses fears of potential turmoil in the banking sector due to high vacancy rates in commercial real estate and banks losing liquidity. He mentions the lack of a national plan to address these issues, with the only solution seeming to be seeking government bailouts. Wolff emphasizes the uncertainty surrounding future economic developments, influenced by factors like political decisions, global trade dynamics, and the rise of economic nationalism.
Read moreHow Huawei Is Beating U.S. Sanctions
The Socialist Program welcomes Richard Wolff to discuss the success of Huawei despite U.S. sanctions and the role of state funding in its growth. Wolff criticizes the propaganda around government subsidies, stating that such support is common in the U.S. and plays a crucial role in industries like agriculture and defense. He highlights the failure of economic warfare, exemplified by sanctions imposed by the U.S., and emphasizes the decline of the American Empire. Wolff contrasts the economic models of China and the U.S., noting China's hybrid 50-50 split between private and state-owned enterprises and the different outcomes of their industrial policies. Lastly, he points out the ideological bias in narratives about Huawei and stresses the need for informed discussions on economic warfare and government subsidies.
Read moreTariffs Don’t Protect Jobs. Don’t Be Fooled
Both Trump and Biden imposed high tariffs on imported products made in China and other countries. Those impositions broke with and departed from the previous half century’s policies favoring “free trade” (less or minimal government intervention in international markets). Free trade policies facilitated “globalization,” the euphemism for the post-1970 surge in U.S. corporations’ investing abroad: producing and distributing there, re-locating operations there, and merging with foreign enterprises there. Presidents before Trump had insisted that free trade plus globalization best served U.S. interests. Both Democratic and Republican administrations had enthusiastically endorsed that insistence. Dutifully performing ideological support duties, they stressed how globalization’s benefits to U.S. corporations would “trickle down” to the rest of us. Globalizing U.S. corporations used portions of their profits to reward both parties with donations and other electoral and lobbying supports.
Read moreCapitalism Will Always Produce Inequality
In this episode of The Zero Hour with RJ Eskow, Richard Wolff shares insights on global wealth inequality highlighted in recent studies from Oxfam and Wilkinson and Pickett. The interview discusses how capitalism, once heralded for ideals like equality, has perpetuated deepening inequalities over the years. Addressing the failure of regulated capitalism, Wolff argues that the system allows the wealthy to capture regulators, hindering effective change. The conversation delves into how the education system and societal structures contribute to intellectual inequality, limiting diverse perspectives and perpetuating existing power structures. Finally, a personal anecdote from Wolff sheds light on the delusions of grandeur that perpetuate inequality among those at the top of the hierarchy.
Read moreRichard Wolff: Resilience in a Time of Change
Don't miss Richard Wolff on WDRT 91.9fm as they cover various critical economic topics. Dr. Wolff discusses the changing global economic landscape, highlighting the rise of China as a major economic player. He emphasizes the need for resiliency in facing economic challenges and advises diversifying investments, including in gold. Dr. Wolff raises concerns about the declining American economy and its impact on job markets and trade. The interview concludes with insights on adapting to a shifting economic environment and the importance of being prepared for potential changes ahead.
Read moreTrump and the Billionaires
Join Richard Wolff on The Socialist Program as they explore the impact of billionaires like Elon Musk endorsing and financially supporting political campaigns, such as Trump's, with a focus on the changing economic landscape and the tensions between old and new capitalists. They discuss the historical pattern of capitalism that shifts based on profitability, causing conflicts within capitalist groups who seek different government interventions in their favor. The conversation delves into how current political tendencies, like proposing extreme tariffs against China, signify a declining American empire unwilling to adapt to a changing global dynamic. Wolff argues that the U.S. lacks genuine representation for the working class, with both Democrats and Republicans maintaining a system that benefits the wealthy elite at the expense of the majority. The interview concludes by emphasizing the urgent need for the U.S. to acknowledge its declining status and to cooperatively engage with emerging global powers for a sustainable future.
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