The Centers of Global Capitalism Are Migrating Away From the U.S., Europe and Japan
Article by Richard D. Wolff
The blunt truth of modern economic development is this: capitalism is leaving its old centers and relocating to its new centers. About this leaving we can and should borrow the phrase: this changes everything.
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The Socialist Program: An Absurd & Deadly System
Brian Becker and Prof. Richard Wolff discuss how deeply dependent big banks and corporations are on government assistance, the rise in speculation on "junk bonds", the organizing drive by workers at an Amazon warehouse in Alabama, and more.
Read moreZero Hour: Prof. Richard Wolff Censored on Facebook
Richard Wolff joins RJ Eskow on The Zero Hour to talk about his experience being censored on Facebook last week when posting about striking workers at the Hunts Point Produce Market. This event was reported on by The Indypendent. "We are in a world in which a private profit driven enterprise is in a position to shape public discourse which has to be (in a society that takes free speech seriously) a matter of no small concern."
Read moreEconomic Update: The US Political Right in Anger and Mourning
[S11 E06] New
On this week's show, Prof. Wolff presents updates on the radical policies of Berlin's city gov't and its Die LInke Party; why raising minimum wage to...READ MORE
The Socialist Program: The Phony Debate
As Congress continues to deliberate over a new economic stimulus plan, more and more people are focusing on the outrageously low minimum wage. Prof. Wolff joins Brian Becker on The Socialist Program to discuss this issue and what it tells us about the capitalist system.
Read moreDr. Richard Wolff and Richard Medhurst on GameStop, Socialism, Imperialism and the Democratic Party
Richard Wolff joins Richard Medhurst to talk about GameStop, Socialism, Imperialism and the Democratic Party
Read moreEconomic Update: History's Lessons on Capitalism's Failures: Germany and US
[S11 E05] New
On this week's show, Prof. Wolff evaluates capitalism by how it deals with Covid-19 and talks about Boeing's latest fatal crash. The second half of the show is dedicated to...READ MORE
Rising - Hill TV: GameStop Reveals The Core Rot Of US Financial System
Richard Wolff joins Rising on the Hill TV to explain what the GameStop story tells us about the US economy and how it will change in the future.
Read moreThe Socialist Program: GameStop Insurgency - Myths and Facts
Shockwaves hit Wall Street banks and hedge funds in the face of a Reddit-based insurgency of day traders who targeted financial giants. Prof. Wolff joins Brian Becker on The Socialist Program to examine the role played by speculation, the stock market and financial bubbles in capitalism.
Read moreThe Gravel Institute: How Capitalism Exploits You
At the very heart of capitalism is a system of exploitation. That is not a pejorative label: it’s an objective definition of what work actually means. In order for capitalists to make a profit, their workers have to earn less than the value they produce, and that extra value has to go to their bosses. You’re being robbed – and it’s the system called capitalism that’s doing it. Professor Richard Wolff, the Founder of Democracy at Work, explains.
"At any job you work at, the condition of your employment is that you produce more by your labor than you get paid. So in the capitalist system, no one is paid what they’re worth. Capitalism means they get paid significantly less. All profit is value extraction. And that means that all profit is theft -- from you."
Economic Update: Why Women Have Better Sex in Socialism
[S11 E04] New
On this week's show, Prof. Wolff presents short updates on the Economic Plans of the Biden administration and US economic inequality...READ MORE
The U.S. Economy Excels at One Thing: Producing Massive Inequality
Article by Richard D. Wolff
"Deepening U.S. inequality flows directly from this capitalist organization of production—its class system."
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ActTV: Biden, Capitalism, and Fascism: A Very Bad Sign Of What Is Coming
Prof Wolff joins Julianna Forlano on Act.Tv to discuss how it is a new political era, and there is much to celebrate coming out of the White House these days. But when it comes to our economic system, we still have a long way to go. Joe Biden is of course no critic of capitalism -- and so long as it remains unquestioned, capitalism will continue to produce the same ills. So how will Biden respond to the continued economic challenges he faces as a result?
Read moreThe Socialist Program: Capitalism's Death Spiral
Prof Wolff joins The Socialist Program to comment on how Covid-19 cost 4 times more job losses than the 2008-09 financial crisis, Biden's relief package and progressive pushback, why inflation could be on the way back, and the issue of rising corporate debt.
Read moreBy Any Means Necessary: Economic Strong-Arming
Prof Wolff joins By Any Means Necessary to discuss his new article, "How Capitalism’s Dogged Defenders and Propagandists Defend It From Criticism," the twilight of US economic hegemony, and how the ruling class exploits economic illiteracy to discourage efforts to raise the minimum wage.
Read moreIn Question: US dollar faces tough times
Major countries like China and Russia are steadily pulling their support from the US dollar- raising questions about where it will stand in the years to come and how its continued decline will impact the American people. Professor Richard Wolff weighs in.
Read moreHow Capitalism’s Dogged Defenders and Propagandists Defend It From Criticism
Article by Richard Wolff
"For defenders, placing adjectives before the word “capitalism” removes its core “relations of production” from criticism. The focus of analytical attention becomes the adjective, not the noun."
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Economic Update: The Economics Lesson Taught by the Pandemic
[S11 E03] New
On this week's show, Professor Wolff explains where the government is respected and empowered, nations have effectively contained the Covid-19 pandemic...READ MORE
The KPFA Evening News: Total inadequacy of a $1.9 trillion relief package
Richard Wolff joins the KPFA Evening News to discuss the issue with Biden's approach to the $1.9 trillion relief package being too little, too late. "What is being proposed doesn't even do something like what Roosevelt did in the Great Depression which didn't have a public health disaster at the same time."
Read moreJacobin Weekends: Biden Economics
Richard Wolff joins Ana Kasparian and Nando Vila on Jacobin Weekends to discuss economics for the Biden era.
Read moreThe Zero Hour: The Hatred of Government - and How to Fight It
Prof Wolff joins RJ Eskow on The Zero Hour to discuss the curated hatred of the American government and how to fight it.
"There is a fundamentalist economic belief that somehow everything done by the private sector is good productive profitable and efficient and everything done by the government is the opposite. This is total nonsense, has always been nonsense, and is refuted both theoretically and empirically. But as we know with fundamentalism in other areas, evidence and factuality don't really make much difference if there's a need to believe it. And the private sector in this country has been able to develop a hostility to the government that allows them to be deregulated in ways that are very very profitable for them." - Richard Wolff
Thom Hartmann: Radical Idea To Supercharge Economy
Prof Wolff joins Thom Hartmann to discuss his ideas to help Americans and the American economy: (1) a federal jobs program, (2) a wealth tax on stocks and bonds, (3) the development of a worker cooperative sector in the US.
Read moreBoom Bust: Will Biden's "American Rescue Plan" be enough?
What kind of impact could a Biden administration have on markets and individual sectors in the coming years? Richard Wolff joins Boom Bust to analyze what could lie over the horizon.
Read moreBad Faith Podcast: The Red Green w/ Professor Richard Wolff
Prof Wolff recently joined the Bad Faith Podcast with Briahna Joy Gray & Virgil Texas.
After briefly walking us through the history of contemporary economic systems from feudalism to capitalism, Marxist Economist Richard Wolff explains why we must move past capitalism before it's too late, and how to achieve that transition. He weighs in on the importance of third party candidates, the #forcethevote debate, his former classmate Janet Yellen's ideology, the efficacy of an "inside/outside" strategy, and how Bernie disappointed him.
Economic Update: Noam Chomsky on Prospects and Tasks as 2021 Begins
[S11 E02] New
This week, Professor Wolff gives updates on President-elect Biden's economic advisor "team", how Argentina's women's movement leads the defeat of the government and Roman Catholic Church oppositions to win legalized abortion and now targets other basic social changes, and how the deepening inequality of US wealth and income cause and reflect the growing gap between stock market prices and the depressed Main street US economy. The second half features an interview with Noam Chomsky on political and economic realities and possibilities facing us in 2021.
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