The New Socialism: Moving Beyond Concentrated State Power

(Photo: Susannah Kay / The New York Times)

This article originally appeared at Truthout.org

Capitalism as a system is now increasingly challenged. Critics proliferate and steadily deepen their opposition (alongside, of course, the persistence of capitalism's defenders). Yet capitalism's traditional "other" -- namely, socialism -- has also been widely devalued. It has lost its position as the goal (however variously interpreted) for anti-capitalist social movements. When not simply ignored, socialism (and even more its derivative "communism") is often treated as utterly passé. When taken seriously, it is mostly a vague rhetorical gesture expressing criticism of the capitalist status quo, not advocacy of a concrete alternative. Socialist parties now mainly support capitalism but with a human face -- i.e. with the social supports and safety nets that their "conservative" counterparts disdain. 

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The Problem with “Reactionary Keynesianism" - Big Picture RT

Prof. Richard Wolff talks to Thom Hartmann on The Big Picture RT about Trump's 2018 budget plan sent to Congress. The "New Foundation for American Greatness" is an all-out assault on poor and working Americans. If the President gets his way - billions will be cut from vital programs - including Medicaid - which candidate Trump promised never to cut. 

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Economic Update: What France's Election Means

On this episode of Economic Update, Prof. Wolff discusses Yale grad students hunger strike for a union, US raising interest rates on student loans, 2 new Senate bills on worker ownership of enterprises, and some economic dimensions of...READ MORE


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Economic Update: Why Worker Coops

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What is the state of Economic Education today? How can we get people engaged?

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When and Why will Capitalism end?

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French Election Highlights the Failure to Address Unemployment and Inequality

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Global Capitalism May 2017 Monthly Economic Update

Global Capitalism: "The US' Position Weakens"
with Richard D. Wolff 
Co-sponsored by Democracy at Work, Left Forum & Judson Memorial Church

These programs begin with 30min of short updates on important economic events of the last month...READ MORE

 


What Did France Get Right That America Got SO Wrong? The Big Picture RT

Prof. Wolff joins The Big Picture RT's Sam to discuss the results of the French elections.

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Economic Update: Rising Costs of Capitalism's Failures

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Economic Update: US Labor Unions: Past, Present, Future

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Prof. Richard Wolff joins Thom Hartmann on The Big Picture RT to talk about happened with United Airlines Flight 3411 and the PR disaster that's followed.

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Global Capitalism: April 2017 Monthly Economic Update

Global Capitalism: "Trump’s Big Economic Plans Fade"
with Richard D. Wolff 
Co-sponsored by Democracy at Work, Left Forum & Judson Memorial Church

These programs begin with 30min of short updates on important economic events of the last month...READ MORE

What is Public Debt? How is money printed? And how do Governments pay for Wars?

Professor Richard Wolff talks with acTVism Munich about public debt, the process of printing money, the role that corporate banks play...

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Economic Update: Economics, Psychology and Trump

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How Capitalism Gave Birth to Trump…The Big Picture RT

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Economic Update: Capitalism in Trouble

On this week's Economic Update, Prof. Richard Wolff presents updates on major troubles (Brexit, Trump, etc.), student debt penalty, New York billionaires ask to be taxed, Trump's job fantasies, Seattle's official renters commission, age discrimination...READ MORE


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