Speak Out Now Revolutionary University hosted 2 days of presentations and discussions on current world problems and possible solutions. Prof. Wolff addressed the instability of capitalism. Its cyclical downturns, which occur every 4 to 7 years, are responsible for the collapse of businesses and the loss of millions of jobs.Read more
Prof. Wolff joins WMNF's Rob Lorei on Radioactivity Friday to discuss the state of the economy, Trump's plan for trade and...READ MORE
KPFA's Salima Hamirani speaks with Prof. Wolff about the state of politics in the US and his ideas for rewriting the economic script in the country. His latest book...READ MORE
Global Capitalism, Monthly Economic Update
"A Looming Crisis: Major Candidates Ignore It"
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 October 2016, these will include...READ MORE
On this week's episode of Economic Update, Prof. Wolff provides updates on US workers' productivity rising while wages flat since 2009, US corps evading taxes, Gallup Poll on poor US job picture, wealth of billionaires enough, if redistributed, to change...READ MORE
(Photo: Ivan Kashinsky / The New York Times)
This article originally appeared at Truthout.org
Capitalism has a long, ugly history of scapegoating immigrants. The pattern has been repeated often. For example, British capitalism's drive to empire helped force the Irish, as colonial subjects, to emigrate. Miserable colonial conditions, including horrific famines, drove many Irish to labor for capitalists in England at wages lower than English workers had won. English workers raged against and clashed with the Irish immigrants more than they struggled against the colonial system that had brought them.
On this week's episode of Economic Update, Prof. Wolff provides updates on Corbyn's victory in UK, Uber drivers unionize, state retirement systems sued for threatening pensions, hard facts about...READ MORE
Prof. Wolff joins The Greylock Glass's Growl Podcast to discuss the TPP and the ever vanishing higher education careers.
Recent statistics from the US Census Bureau show improvement from 2014-2015, but in reality, wages are in a real decline and no mechanisms have been put in place to prevent another crash, says Prof. Wolff.
Like much else in economies, finance both enhances the economy's growth and development and undermines it. The balance between these contradictory effects depends on all the other aspects of an economy and society and how they all influence financial contradictions. From its first entrance into the economy -- that part of society concerned with the production and...READ MORE
Global Capitalism, Monthly Economic Update:
"Labor Day: The Condition of the Working Class & Labor's Strategy"
These programs begin with 30 minutes of short updates on important economic events of the last month. Then Wolff analyzes several major economic issues. For September 2016, these will include...READ MORE
Prof. Wolff joins The Big Picture RT's Thom Hartmann to discuss whether the FED has created a "False Economy."
This article originally appeared at Roarmag.org
Rosa Luxemburg’s great work displays extraordinary merits. First, she explained key dimensions of the capitalism of her time in an exemplary application of Marxian economics. Second, she integrated foreign trade and imperialism into economic theory further and with more insight than most economists including Marx had yet done. Third, she showed the powerful insights available by using Marx’s basic value and price concepts: a remarkable testimony to the usefulness of the labor theory of value. Finally, she linked her theoretical work to the strategic concerns and debates of the workers’ movements of her time. She took sides with an open honesty rarely equaled since among economic theorists who sell themselves instead by pretending to be “scientists above politics.”
On this episode of "Unanimous Dissent," Prof. Wolff joins the show to discuss Hillary Clinton and Donald Trump’s economic solutions--or the woeful lackthereof. “Trickle-up” is needed, he says, not “trickle down.”Read more