Richard D. Wolff

Professor Richard Wolff of the New School joins us to answer this question. You’ve probably heard that “capitalism has reduced global poverty by 90 percent.” It’s a line frequently parroted by capitalism’s most enthusiastic promoters. But there’s a problem with those claims: they’re either misleading or outright false. Wolff breaks it down.

[S11 E01] New

This program introduces the economic concept of "externalities." Those are the real costs of employers' business decisions that employers do not pay for or take into account: costs "external" to businesses' profit/loss calculations.... READ MORE

Prof Wolff comments on the ongoing China delisting saga as the New York Stock Exchange changes course yet again. US President Donald Trump signed an executive order banning transactions with eight Chinese apps.

Prof. Richard Wolff speaks with Brian Becker on The Socialist Program about Marx and the Marxist analysis of the fundamental features of capitalism. Marx's assessment of the laws of capitalism were written more than 150 years ago, but they are spot on in their description of modern day capitalism and explain why millions of people are turning toward socialism with a renewed interest in Marx.

Prof Wolff joins the South Korean TV program Global Insight to discuss how inequality will get far worse if post-COVID economies keep capitalism.

And as the global supply chain has been rattled by the coronavirus outbreak, several Asian nations have banded together in the world's largest trade agreement. Professor Richard Wolff analyzes the RCEP trade deal and what it means for both Asia and across the Pacific.

With a fresh post-Brexit trade deal sealed with the United Kingdom, the European Union has also secured a major flow of investment from China as the year winds to a close. Professor Richard Wolff offers insight on the measure, and break down China's path to being the world's largest economy.

Prof Wolff joins The Mother Of All Talk Shows to talk about Donald Trump and the right wing populism he has built is not gone yet, and what the new Biden administration will look like.

An article by Richard D. Wolff

[S10 E50] New

This week's show features updates on the continuing lessons from 2020 at the year's end and an interview with David Pakman... READ MORE

Prof Wolff joins Boom Bust to comment on Congress finally passing a coronavirus relief package, and that the executive branch could throw a curve ball.

Richard Wolff joins By Any Means Necessary to discuss Donald Trump's suggestion that he won't pass the COVID-19 mitigation deal unless the checks sent out are increased from $600 to $2,000, the priorities demonstrated by the numerous issues in vaccine distribution, and why the US response to the pandemic is so underwhelming in comparison to China's.

Richard Wolff blasts "unspeakably inadequate" stimulus on Status Coup and suggests that a general strike is likely.

Richard Wolff joins the KPFA Evening News to discuss the recent relief bill in congress. "Nothing being done in Washington is adequate."

Prices are set by the final seller, but there are limits. The seller works out through economics, the maximum price they can change for the item. How much can be charged for a burger? Professor Richard Wolff joined Thom Hartmann to discuss economics and how they affect you.

[S10 E49] New

This week's show features a survey of the major economic events of 2020 that were poorly covered by mainstream media... READ MORE

History tells us that pandemics precede radical shifts in society and economic systems. The Black Death, for example, was the beginning of the end of feudalism. Professor Richard Wolff joins Ellen Brown on PBI LIVE to lend his insights on those big historical breaks and consider what seismic changes we might expect following this current global pandemic. How might public banks be involved?

Richard Wolff joins Mitch Jeserich to talk about the failure of capitalism in a pandemic, as explained in his new book, The Sickness is the System: When Capitalism Fails to Save Us from Pandemics or Itself.

While pre-pandemic predictions for China trade painted a gloomy picture, those takes have not aged well as the lock-down has driven mass purchases of Chinese-made goods. Professor Richard Wolff analyzes the state of transpacific trade and the recovery path for the Chinese economy.

Richard Wolff joins the Mohammed Hijab Podcast to discuss the differences and and compare capitalist, Marxist, and Islamic economics and finance.

Article by Professor Richard D. Wolff

The key question then revolves around progressives inside and outside the Democratic Party. Do enough of them have the needed clarity of understanding, courage to act, and wisdom to see their deficit in terms of strong organization? Can those who do seize the opportunity to ride a return of class politics into U.S. society? Will they effectively resist both major parties’ efforts to silence and destroy them?

[S10 E48] New

On this week's show, Prof. Wolff discusses Biden's 'new economic team,' big US banks falling short in key stress tests, India's 250-million-strong general strike, interviews Flight Attendants Union President Sara Nelson, and more......READ MORE

Professor Richard Wolff weighs in on the passing of an important defense policy bill by the US House of Representatives and is set for a showdown with President Trump, who has vowed to veto the legislation.

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[S10 E47] New

On this week's show, Prof. Wolff discusses the immense social waste of today's US unemployment  the Trump ban on investments in Chinese companies, new global...READ MORE