Economic Update: Native Americans & American Socialists

[S11 E36] New

On this week's show, Prof. Wolff present updates on global supply chain slow-downs; student costs/debts in US, UK far higher than in most peer nations; FED adds inflation to the ways its policies worsen income and wealth inequalities...READ MORE

[Greek] Interview with Documento

This article is in Greek, for the Greek newspaper Documento. 

Ρίτσαρντ Γουλφ: «Οι ΗΠΑ βρίσκονται σε πάρα πολύ σοβαρή παρακμή» 

Read more

Refinery29: The Girlboss Is Dead. Now It’s Time To Kill The “Good Boss”

"The way capitalism works, the job of the employer is to get the most effort — the most use of brains and muscles — from the worker as he possibly can, and at the same time pay that worker the minimum necessary to get that worker to come to work each day,” explains Richard D. Wolff."

- Prof Wolff interviews with Refinery 29 for "The Girlboss Is Dead. Now It’s Time To Kill The “Good Boss”, by Elizabeth Gulino. 

Read more

Thom Hartmann: Central Banks Tightening Could Choke Out Middle Class

Bank interest rates are on the rise. The Federal Reserve have poured vast amounts of money to boost the economy during the past two years to stimulate spending.

Read more

On Contact with Chris Hedges: Competing systems of power in America

On Contact: Chris Hedges discusses with economist Richard Wolff how capitalism works under an autocracy or oligarchy, the only two political systems left in the United States of America.

Read more

The Socialist Program: Seize Big Pharma: Nationalize and Internationalize All Medicine!

On the Socialist Program with Brian Becker: The frantic effort by pharmaceutical corporations to keep prescription drug prices -- and their profits -- sky high. As part of the proposed social spending budget, Congress is considering a measure to negotiate hundreds of billions of dollars of savings on prescriptions covered by Medicare. This would fund major expansions to Medicaid and Medicare services, but right-wing Democrats backed by big pharma are doing everything they can to block it.

Read more

[Portuguese] Brasil de Fato

This article is in Portuguese, for the Brazilian news agency Brasil de Fato. 

"Caso de fraude contra Elizabeth Holmes expõe fraturas de endeusamento de empresários nos EUA" 

Read more

Truthout: Mainstream Media Attention to IPCC Report Neglected Real Cause of Emissions

“Since the days of Rachel Carson’s Silent Spring, two things have been growing together,” Wolff told Truthout. “The growth and spread of capitalism and the growth and spread of environmental disaster.”

- Professor Wolff for an article on Truthout "Mainstream Media Attention to IPCC Report Neglected Real Cause of Emissions," by Frances Madeson. 

Read more

The KPFA Evening News (Sunday) – September 26, 2021

On KPFA evening news: The debate continues in Congress over the debt ceiling and the human infrastructure bill
Read more

Economic Update: Socialism & Worker Co-ops


20th century socialism is now behind us. Socialists continued to evaluate both its achievements and failures via extensive self-criticism. A changed socialism has emerged, focused on a transition of workplaces from top-down hierarchical capitalist structures into democratic worker cooperatives...READ MORE

The Socialist Program: Addicted to War: The ABC's of U.S. Military Spending

On The Socialist Program with Brian Becker: We discuss the military-industrial complex in the wake of the nuclear submarine deal between the United States and Australia, which sparked a diplomatic crisis with France. A new alliance between the US, Australia and the UK trashed a submarine deal France had with Australia worth tens of billions of dollars, awarding the sale instead to the United States. How does the war economy help keep U.S. capitalism afloat?

Read more

Thom Hartmann: Can Capitalist China Survive Default?

On Thom Hartmann Program: Global markets have watched anxiously as a huge and deeply indebted Chinese property company flirts with default, fearing that any collapse could ripple through the international financial system.

Read more

Boom Bust: The Chinese housing sector

The Evergrande saga has seen a new development as it has met a crucial debt deadline, but has the move assuaged investors? Professor Richard Wolff offers his analysis of the Chinese housing sector on Boom Bust. 

Read more

AJ+: Why The Stock Market Is NOT The Economy

Prof Wolff joins a video for AJ+: Ever wonder how billionaires got so much richer during the pandemic while you and people you know struggled? Well, chalk it up to the stock market. Just 10% of Americans own 90% of stocks – so it's easy to see why the vast majority of people don't benefit from the market's gains when it performs well. So how exactly does the stock market work, who controls it and who wins out?

Read more

Understanding the Basics of 21st-Century Democracy, Autocracy, and Capitalism

Article by Richard D. Wolff

"If we define capitalism in terms of the employer-employee internal structure of its enterprises—what Marx termed their “social relations of production”—most socialisms to date have not yet accomplished transitions beyond capitalism. To do that, they would have to change the prevalent internal organization of their enterprises to democratic worker cooperatives. Indeed, that has now become the task for 21st-century socialism."

Read more

News with Rick Sanchez: Richard Wolff rages at Dems' tax 'gift' to the rich

Democrats in Congress have proposed a drastic revision to President Biden’s original tax reform proposal, with a capital gains tax rate of 25 percent instead of 40 percent. Professor Richard Wolff joins Rick Sanchez to share his thoughts. He calls the change a “pathetic caving-in of the Democratic Party” and says that it proves the super-rich and corporations dominate both major US political parties.

Read more

InQuestion: HUD sells houses in flood zones

In a recent investigative report, NPR found that the Department of Housing and Urban Development (HUD) knowingly sold homes to the poor and working class in known flood zones. Places like Florida, Louisiana, Mississippi and even Hawaii where flooding is a real threat. HUD sold homes without proper disclosure to the buyers of the risk. For an agency intended to assist low-income buyers in achieving the so-called American dream of home ownership, the government has failed these buyers. 

Read more

DSA No Cold War: Opposing the USICA and US Escalations Against China

For DSA International: The US escalation of tensions with China is well-documented, but the looming passage of most anti-China bill since the Chinese Exclusion Act has received little attention in the US. The IC, Richard Wolff, Vijay Prashad, and Tings Chak joined a discussion on the US Innovation & Competition Act (USICA), originally recorded on Monday, September 20, 2021.
Read more

The KPFA Evening News (Sunday) – September 12, 2021

Prof Wolff joins KPFA Evening News. 

Read more

The Socialist Program:Grand Theft Banks: How the Government Funds Wall Street

On this episode of The Socialist Program, Prof Wolff joins to discuss one of the key ways that the biggest capitalist enterprises receive huge government assistance -- quantitative easing. This policy, carried out by central banks, has been the subject of major debate in recent weeks. What is quantitative easing, and is it going away any time soon?

Read more

Economic Update: Occupy Wall Street: Analysis and Legacy

[S11 E35] New

This program is devoted to Occupy Wall Street (OWS) on its 10th anniversary. Prof. Wolff discusses OWS as a historic turning point, as legacy for the US left, and his personal experience. Wolff presents OWS's 4 basic causes...READ MORE

Thom Hartmann: Why There Is Nothing New or Liberal about Neoliberalism

Neoliberalism is not what it sounds like, it is much worse. Thom and Prof Richard Wolff discuss neoliberalism and what can be done to undo the damage from it.

Read more

Boom Bust: China's Search for Alternative Aluminum

In the wake of Guinea's unrest rocking aluminum markets, could we soon see China looking elsewhere for its supply? Professor Richard Wolff joins Boom Bust to discuss the possibility of a new era of relations with Australia.

Read more

The Socialist Program: Socialism or Capitalism: Millions of Unemployed Workers Lose their Benefits

Brian and Prof. Wolff discuss the state of unemployment in America. Politicians and the media talk constantly about the post-COVID economic recovery, but last month’s weak jobs report suggests that workers are still in the midst of crisis. And despite this dire situation, the unemployment relief programs passed at the onset of the pandemic have now expired. On The Socialisti Program with Brian Becker. 

Read more

Economic Update: The Rational and Irrational in Anti-Vaxxers

[S11 E34] New

On this week's show, Prof. Wolff presents updates on the complexities of anti-vaccination movements, the long decline of religion in US capitalism, Disneys’s shift to serve the richest, lessons from AFL-CIO chief Richard Trumka's leadership, and failures of GOP, Dem leaders to stop last 75 years ...READ MORE