On this edition of Your Call, we’re speaking with economist Richard Wolff about his latest book, The Sickness is the System: When Capitalism Fails to Save Us from Pandemics or Itself. He argues that in order to address the failures of capitalism, we can’t "return to normal.”
He says we must transition toward a new economic system that works for everyone, including workplace democracy. He says we can do better than capitalism. What changes would you like to see?Read more
Brian Becker and Prof. Wolff discuss how intellectual property rights are used by capitalists to stifle innovation and hold back progress while protecting their profits. They focus especially on how this phenomenon is playing out when it comes to the Coronavirus vaccines.Read more
[S11 E08] New
On this week's show, Prof. Wolff discusses Amazon's profits; New York state's eviction crisis and capitalism's reproduction of poverty and inequality; New York's stock...READ MORE
The Editorial Board of the Arthashastra Economics Society in India interviews Prof. Richard D. WolffRead more
Julianna Forlano welcomes back Professor of Economics Richard D. Wolff to ActTV, to discuss how as disasters pile up in the US, like the recent deep freeze in Texas, wildfires, rapidly intensifying hurricanes, droughts, floods, tornadoes, heat waves, not to mention related pandemics... Will there come a point when the US economy won’t be able to handle it? And how close are we to a tipping point?Read more
What are Bond yields, and why should you care about them? The Bond market is where people loan money and provide an interest on the repayment. It is used by governments and corporations. This all sounds very business related, but it does affect you – it really does. Prof Wolff joins Thom Hartmann to explain why.Read more
Richard Wolff joins In Question to weigh in on the tragic situation in Texas, and explain the economics of the Texas power distribution system.Read more
While the pandemic has thrown everything into flux, global supply chains are being revisited as transpacific ties are at their lowest in years. Professor Richard Wolff and Boom Bust's Ben Swann join the program to examine the state of Chinese trade and the semiconductor supply chain.Read more
Brian Becker and Prof. Richard Wolff discuss the terrible storm in Texas and elsewhere in the south that has caused death, destruction and a near total breakdown in infrastructure. What does this say about the capitalist system?
Politics Done Right: Richard Wolff discusses capitalism & more in the ebook release of The Sickness is the System.
Richard Wolff discusses capitalism & more in an appearance on Politics Done Right with Egberto Willies. Professor Wolff did not mince his words about capitalism, COVID, and more with the release of his ebook, The Sickness is the System.Read more
[S11 E07] New
The extreme economic inequalities of both global and US capitalism are not new or exceptional. Capitalism reproduces inequality and repeatedly blocks or reverses redistribution...READ MORE
China became the EU's biggest trading partner in 2020, overtaking the US, according to data released this week by Eurostat. The fast pace of the economic recovery in China has meant an increase in the country's demand for European goods. Richard Wolff joins Boom Bust to discuss.Read more
Article by Richard D. Wolff
The blunt truth of modern economic development is this: capitalism is leaving its old centers and relocating to its new centers. About this leaving we can and should borrow the phrase: this changes everything.
Richard Wolff joins RJ Eskow on The Zero Hour to talk about his experience being censored on Facebook last week when posting about striking workers at the Hunts Point Produce Market. This event was reported on by The Indypendent. "We are in a world in which a private profit driven enterprise is in a position to shape public discourse which has to be (in a society that takes free speech seriously) a matter of no small concern."Read more
[S11 E06] New
On this week's show, Prof. Wolff presents updates on the radical policies of Berlin's city gov't and its Die LInke Party; why raising minimum wage to...READ MORE
As Congress continues to deliberate over a new economic stimulus plan, more and more people are focusing on the outrageously low minimum wage. Prof. Wolff joins Brian Becker on The Socialist Program to discuss this issue and what it tells us about the capitalist system.Read more
Richard Wolff joins Richard Medhurst to talk about GameStop, Socialism, Imperialism and the Democratic PartyRead more
[S11 E05] New
On this week's show, Prof. Wolff evaluates capitalism by how it deals with Covid-19 and talks about Boeing's latest fatal crash. The second half of the show is dedicated to...READ MORE
Richard Wolff joins Rising on the Hill TV to explain what the GameStop story tells us about the US economy and how it will change in the future.Read more
Shockwaves hit Wall Street banks and hedge funds in the face of a Reddit-based insurgency of day traders who targeted financial giants. Prof. Wolff joins Brian Becker on The Socialist Program to examine the role played by speculation, the stock market and financial bubbles in capitalism.Read more
At the very heart of capitalism is a system of exploitation. That is not a pejorative label: it’s an objective definition of what work actually means. In order for capitalists to make a profit, their workers have to earn less than the value they produce, and that extra value has to go to their bosses. You’re being robbed – and it’s the system called capitalism that’s doing it. Professor Richard Wolff, the Founder of Democracy at Work, explains.
"At any job you work at, the condition of your employment is that you produce more by your labor than you get paid. So in the capitalist system, no one is paid what they’re worth. Capitalism means they get paid significantly less. All profit is value extraction. And that means that all profit is theft -- from you."
[S11 E04] New
On this week's show, Prof. Wolff presents short updates on the Economic Plans of the Biden administration and US economic inequality...READ MORE