Explaining 21st-Century Capitalism in a Way Everyone Can Understand

Article by Richard D. Wolff

"Every other economic system in human history was born, evolved, and ceased to exist at some point. The most reasonable expectation is that capitalism, having been born and evolved, will also cease to exist one day."

Read more

Thom Hartmann: What's the Debt & Deficit & Is it Concerning?

Republicans and "conservative" democrats are freaking out about the national debt, particularly WRT the $3.5 TN infrastructure bill. What's the deficit, the debt, and why should we care or not care? What do you think of the MMT theory that we can just issue $1 TN platinum coins to reduce the debt? Prof Wolff joins the Thom Hartmann program. 

Read more

Boom Bust: US Freezes Afghan Funds

Just days after the Taliban seized full control of Afghanistan, the United States has frozen billions of dollars in Afghan wealth. Professor Richard Wolff joins Boom Bust to lend his analysis of the government's measures to counter the new Afghan leadership. 

Read more

Socialist Program: Food, Farming & Capitalism Pt 2

Prof. Wolff joins Brian Becker on the Socialist Program to continue a multi-part series on agriculture under capitalism. This week, they focus on the evolution of the system of factory farming and the effect it has on workers and nature.

Read more

The Hill: Biden SNAP Program PROVIDES $1/Day To Nation’s POOREST, Child Tax Credit NECESSARY

Prof Wolff joins Rising on the Hill TV to discuss the Biden administration's permanent increase in the levels of food stamps available to families in need.

Read more

act.tv: How The Fed Could Stop The Climate Catastrophe

Environmental Activists are working to get the Federal Reserve to stop funding the climate change-related death of us all! And just in time, as the new IPCC report released this week suggests things are not looking good. Prof Wolff joins Julianna Forlano on act.tv. 

Read more

Economic Update: Chile's Feminist Social Revolution

[S11 E30] New

On this week's show, Prof. Wolff discusses the election of a socialist, African-American woman as new mayor in Buffalo, NY; US unemployment insurance's meager support for jobless; Teamsters target Amazon workers...READ MORE


George Gammon: Marxism Deep Dive, Socialism vs. Capitalism, A Solution To Corporatism

Prof Wolff joins George Gammon to discuss Marxism, Socialism, Capitalism, and a Solution To Corporatism. 

Read more

Marianne Williamson: Capitalism Run Amok

Prof Wolff joins Marianne Williamson on her podcast in analyzing the deficiencies of modern capitalism, articulating the benefits of a socialist system and the road to a more equitable society. 

Read more

Zero Hour: For New Infrastructure, a New System

Professor Wolff joins Zero Hour with RJ Eskow to discuss new infrastructure. 

Read more

Rolling Stone: Julian Casablancas Breaks Down Capitalism and Marxism With Economist Richard Wolff on ‘S.O.S.’

Prof. Wolff sits down virtually with Julian Casablancas in the Strokes singer’s Rolling Stone interview series S.O.S. — Earth Is a MessCasablancas and Wolff talk about Marxism, capitalism, wealth inequality, the current state of America, and more.

Read more

Breaking Points: The Working Class is WAKING UP

Professor Wolff joins Krystal Ball and guest host Kyle Kulinski on Breaking Points to break down the Biden economy and the awakening of the working class. 

Read more

The Socialist Program: Food, Farming & Capitalism

Prof. Wolff joins Brian Becker on The Socialist Program to begin a multi-part series on agriculture under capitalism. Under this system, the most basic necessity of life -- food -- is turned into a source of profit dominated by a smaller and smaller number of agribusiness corporations. Environmental destruction and enormous waste are built into the capitalist agriculture system while hundreds of millions around the globe still go hungry.

Read more

Prof Wolff on The West Wing Thing

Professor Richard D. Wolff joins The West Wing Thing for the Season 5 wrap up to discuss Talking Points, the West Wing's NAFTA episode.

Read more

Economic Update: A US Left Rises to Remake the World

[S11 E29] New

On this week's show, Prof. Wolff presents updates on "The Friends" reunion and what it teaches, how China outmaneuvers US tariffs, etc., and how Yellow Vests plus French unions defeated...READ MORE


Boom Bust: NLRB finds Amazon labor law violations

Could Amazon's Bessemer, Alabama facility soon see a re-vote on its labor union drive? Professor Richard Wolff joins Boom Bust to lend his analysis of the process and the potential for a mulligan. 

Read more

Prof. Wolff on Tavis Smiley

Prof. Wolff joins Tavis Smiley on KBLA to lay out the 200-plus-year history of capitalism and explain how we got to this point.

Read more

The Socialist Program: Capitalist Media Monopolies Are the Enemy of Democracy

On The Socialist Program with Brain Becker, Prof Wolff continues a series of discussions about the basics of Marxism, focusing today on the corporate-owned media. The majority of the media in the United States is owned by six giant corporations -- What does this tell us about the so-called “free press”?

Read more

The Real News Network: Capitalism is holding "all of us hostage"

The COVID-19 pandemic has changed the nature of work and the lives of working people in drastic ways. Millions of workers lost their jobs over the past year and a half, millions more saw their in-person jobs reoriented to remote work, possibly for good. While there is a lot of discussion right now about what the future of work will look like after COVID-19, it's important to understand how the pandemic accelerated existing trends in the economy that have been remapping the terrain of work and the makeup of the working class over the past half century. In this special video edition of Working People, TRNN Editor-in-Chief Maximillian Alvarez talks with Prof. Wolff about what these trends tell us about the global evolution of capitalism and how we can forge a diverse working-class political coalition in the 21st century that is capable of building a political and economic system that works for all of us. 

Read more

Economic Update: Best Years of US Lie in its Past

[S11 E28] New

On this week's show, Prof. Wolff talks about Chipotle Mexican Grill blaming its price increases on its workers, economist Arthur Laffer's claims that many poor, minority workers are "not worth $15/hour" and false claims that lower taxes help economic growth while...READ MORE


Zero Hour: How Real is the Recovery?

Prof Wolff joins Zero Hour with RJ Eskow to discuss "how real is the recovery?" 

Read more

Thom Hartmann: If Infrastructure is Defeated the Outlook is Grim

What will be the impact on America if the 3.5 infrastructure is passed or defeated? If it passes we can do something about climate change and put people to work. If it fails - the outlook is grim. Prof Wolff joins Thom Hartmann to discuss.

Read more

The Socialist Program: As Millions face a wave of evictions - Marx’s Theory of Rent

Prof Wolff joins the Socialist Program with Brian Becker in a series of discussions about the basics of Marxism — a method for understanding and changing the world used by many of the great revolutionaries of modern history. Brian and Prof. Wolff discuss rent, evictions and social programs under capitalism. With the CDC’s eviction moratorium set to expire, millions are now facing homelessness because they cannot pay rent. And why do governments controlled by the ultra-rich sometimes decide to institute measures that alleviate the suffering of workers?

Read more

The United States Underestimates China’s Economic Challenge at Its Own Peril

Article by Richard D. Wolff

"Ratcheting up demonizations of China seems a poor and likely counterproductive response."

Read more

Green and Red Podcast: Economics 101 and the myth of the "free market"

Prof. Wolff joins the Green and Red podcast for a background on the U.S. economic system and the libertarian myth of the "free market."

Read more

connect