Richard Wolff on the Changing Tides of Capitalism and Socialism

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This article originally appeared at Truthout.org

Nearly 30 years ago, many capitalists were celebrating what political scientist Francis Fukuyama called the "ultimate victory of the VCR": where consumerism sank communism. However, they failed to calculate the effects of this consumerism on the environment. They also failed to predict how the public would start to tire of a situation in which a very small percentage of capitalists are reaping all the benefits while the rest of us are sinking deeper and deeper into debt, poverty and powerlessness.

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Follow the Money: "Capitalism's Crisis Deepens: A Conversation w/ Prof. Richard Wolff"

Prof. Wolff joins Follow the Money's Jerry Robinson to discuss the widespread popularity of Bernie Sanders among the millennial generation and his thoughts on the global economic crisis.

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The David Pakman Show: "Richard Wolff: Capitalism's Crisis Deepens"

Prof. Wolff joins David Pakman to discuss his new book Capitalism’s Crisis Deepens: Essays on the Global Economic Meltdown 2010-2014, the fantasy so-called "pure capitalism," and more.

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Capitalism's Crisis Deepens


Economic Update: Pro-environment, anti-capitalist

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On this week' episode of Economic Update, Prof. Wolff. provides updates on fossil-fuel divestment, Zika virus economics, product recalls , and payday loan scandal. Interview with...READ MORE


Prof. Wolff on The Big Picture RT: "Will the UK Set Off A Secession movement?"

Prof. Wolff joins The Big Picture RT's Thom Hartmann to discuss the UK upcoming vote. In just a few weeks - Britons will take a vote on whether or not they want to remain part of the UK. Could this set off a continent-wide secession movement?

 

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EconoMinute: The Greek Crisis

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In this EconoMinute, Prof. Wolff discusses the debt crisis facing Greece, its causes, the role the Greek government, financial...READ MORE 


Economic Update: Listen, Prof. Krugman

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On this week's Economic Update, Prof. Wolff provides updates on car companies buying ride-share companies, Pope's latest, evidence against Prof. Krugman's rosy view of inequality. Major discussions of...READ MORE


Economic Update: The Idea of Revolution

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On this week's episode of Economic Update, Prof. Wolff provides updates on Alabama convicts strike against slavery, Greece's victimization, TTIP exposed, and taxing Yale. Interview with...READ MORE


Economic Update: False Econ Recovery, True Journalism

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In this week's episode of Economic Update, Prof. Wolff provides updates on "carry interest tax loophole," Miami's Marlin Park and state subsidies for business, negative interest rates, and banks' "bail-in" versus "bail-out." Interview with reporter Bob Hennelly about...READ MORE


Prof. Wolff on CrossTalk: Social Justice?

Prof. Wolff joins Peter Lavelle on RTTV"s CrossTalk to discuss the question of social justice. As America’s two major parties move toward anointing their presidential nominees, there is a growing sense of disaffection and even insurrection among voters.

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Global Capitalism: May 2016 Monthly Update

Crises Deepen: Shifting Socialisms, Exploding Debt, Strange Elections

Co-sponsored by Democracy at Work, Left Forum, and Judson Memorial Church

These programs begin with 30 minutes of short updates on important economic events of the last month. Then Prof. Wolff analyzes several major economic issues. For the month of May, these will include...READ MORE


Prof. Wolff on CounterPunch Radio

This interview originally aired on CounterPunchRadio

Prof. Wolff joins CounterPunch Radio's Eric Draitser to discuss capitalism, its inefficiencies, and its discontents. They examine how the US and European economies have evolved in the era of neoliberalism, how financialization has pervaded every aspect of our economic lives, and how debt has become the central pillar of modern capitalism's house of cards. 

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Economic Update: What Inequality Does

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On this week's episode of Economic Update, Prof. Wolff provides updates on rich tax evaders, Takata airbags, equalized wealth data, money in Chicago politics. Major discussions of corporate food scandals...READ MORE


EconoMinute: The Crisis of Puerto Rico

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In this EconoMinute, Prof. Richard Wolff discusses the current debt crisis facing Puerto Rico.

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Prof. Wolff on CPR News: May 4, 2016


Prof. Wolff Lecture on News.Markets: "Why the US needs a Jeremy Corbyn"

Prof. Wolff joins News.Markets and explains why official US jobs numbers don't reflect the real state of the US economy and the average US worker. He believes the US needs a slice of the UK's Jeremy Corbyn to combat extreme inequality.

 

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“The place where most adults spend most of their life is at work, and there is no democracy at work”

This interview originally appeared in the English-language section - The English Corner, of Contexto Magazine. 

Much like Bernie Sanders, Richard Wolff (1942) has spent his entire adult life saying (and writing) many of the same things. Until not so long ago, his fierce critique of capitalism, voiced in his radio show Economic Update and articulated in countless papers and books, found little resonance beyond the fringes. And yet, like the Vermont Senator, he has seen a spectacular renewed interest in those ideas lately. When Wolff, a Marxist economist who was trained at Harvard, Yale and Stanford, sat down with CTXT at a coffee shop near his office in Manhattan’s New School for Social Research a couple weeks ago, he was preparing for a trip to Kentucky, where he would give a series of lectures in public and state universities. “I’ve never even been to Kentucky. And they’re paying to have me tell them about the disaster that capitalism is and what we can do to change it!” he joked, pointing to Occupy Wall Street as the force that brought theories like his –and Bernie Sanders’- onto the discussion table. In his idiosyncratic tone –combining the didactic with the forceful – Wolff spoke about the current situation of the American economy, the forces driving global competition, and the intricacies of the solution he proposes in his bookDemocracy at Work: A Cure for Capitalism (Haymarket Books, 2012), which turns to the Basque Mondragón Corporation for inspiration.

 

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Prof. Wolff on The Big Picture RT: "More Co-ops Means Less Inequality"

Prof. Wolff joins The Big Picture's Thom Hartmann and discusses the lack of economic democracy in the current economic system. For a large chunk of the American workforce - capitalism is no longer working the way it's supposedly designed to work. Is it time to look for alternatives to the free market? And if so, where? Prof. Wolff offers Worker Self-Directed Enterprises (WSDE) as a solution.

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Prof.Wolff on Clearing the Fog: "Building Power for Worker Rights"

Prof. Wolff joins Margaret Flowers and Kevin Zeese on Clearing The Fog to discuss the current situation for workers and how they are building power to lift up wages and worker rights. 

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Economic Update: Poverty and the US Economy

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On this week's episode of Economic Update, Prof. Wolff provides updates on slow US economy, money drives Yale, Chobani workers get profits, more car corps scandal, and Christian/Marxist dialogue. Interview with...READ MORE


The David Pakman Show: "Economist Richard Wolff on the Panama Papers

Prof. Wolff joins The David Pakman Show to discuss the implications of the Panama Papers leak.

 


How Capitalism and Racism Support Each Other

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This article originally appeared at Truthout.org

Capitalism's supporters use and benefit from a racism whose practice and consequences should be blamed on capitalism itself.

"Racism" is so often applied to US prison statistics and policing; to data on differences in employment, housing, wealth and income distributions, college enrollments, film awards, and so much more; and to hardening hostilities toward immigration. At the same time, racism is so often condemned -- at least in mainstream media, dominant political circles and most intellectual and academic institutions. Racism's persistence where the capitalist economic system prevails raises the question of the connection between capitalism and racism.  READ MORE

 


Economic Update: Gentrification: The Market Rules

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On this week's episode of Economic Update, Prof. Wolff provides updates on pay of CEO's that fight $15/ he for workers, workers who get public assistance, facts on taxes paid and evaded, Mitsubishi like VW. Major discussion on...READ MORE


Prof. Richard Wolff on Smart Talk with Andrew Mazzone

Prof. Wolff analyzes the economy of the US from a Marxist perspective.

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