Is Bernie Sanders the President We Need in a Pandemic Like This?
In the face of the Coronavirus/Covid-19 pandemic, the U.S.’ extreme wealth inequality, lack of nationalized health care system, lack of a federal paid sick leave law, and other related issues have shown the nation’s severe vulnerability. In this dangerous new world, we just happen to be in the middle of a critical primary election where one of the two front runners is a self-described democratic socialist who has been touting Medicare-for-All as the central plank of his domestic policy. Is Bernie Sanders the President we need in a pandemic like this?Read more
Is America on Edge of Recession?
Between the Corona Virus, the price of oil and an already unstable economy, America might be on the edge of the next great Republican recession.Read more
Markets Hit Bear Territory Amid Stock Swing
Markets are back in bear territory as the stock roller coaster continues its ride. Prof. Wolff breaks down what role the ongoing oil crisis is playing in situation.Read more
Global Capitalism: March 2020 Live Economic Update
Economy, Stock Market, The Election and Coronavirus
Prof Wolff joins Loud and Clear to talk about the fluctuating market, Bernie Sanders, and the Corona Virus pandemic.Read more
Economic Update: Using Unemployment Against Workers
[S10 E10] New
On this week's show, Prof. Wolff presents updates on high US maternal death rate, wealth inequality and the Pope, #MeToo hits the banks, Macron and Black Rock...READ MORE
Socialism’s Rise Into the Public Discourse
Prof. Wolff talks with KPFA's Mitch Jeserich about the waves of modern socialism in our public discourse - from Occupy Wall Street to Bernie Sanders to Alexandria Ocasio-Cortez. This conversation appears courtesy of Pacifica's KPFA 94.1 FM.
Economic Update: When Stale Debates Distract
This week on Economic Update, Professor Wolff presents updates on how air-bnb reflects workers' falling living standards, price-gouging anti-virus masks, purpose of Trump's record deficit, end of...READ MORE
DEMOCRACY NOW! Sanders and Socialism: Debate Between Economists Paul Krugman and Richard Wolff
As we move closer to the Democratic nomination, the Democratic Party establishment and much of the mainstream media are openly expressing concern about a self-described democratic socialist leading the presidential ticket. His opponents have also attacked his ambitious agenda. On Democracy Now! Prof. Wolff debates fellow economist and New York Times op-ed columnist Paul Krugman on Bernie Sanders and democratic socialism.Read more
Another Crash Is Coming Unless We Act Now
Prof. Wolff has some good news and some not so good news about the economy. The good news is that the next economic crash doesn't have to happen, the bad news is that stopping it won't be as simple some would like it to be.Read more
‘Understanding Socialism’ and U.S. Socialist Candidates
Prof. Wolff discusses his new book Understanding Socialism and the nature of the three major theories of socialism we see in the world today and how it's discussed amongst U.S. candidates and politicians.Read more
Your Personal Debt is Going to End Badly
Prof. Wolff discusses how economic as well as personal debt is going to end badly. The U.S. is overwhelmed by huge government, corporate and family debt. It means that if the Fed were to raise interest rates – nobody would be able to afford repayments.Read more
U.S. Sanctions Russian Oil Giant Rosneft As They Ramp Up Efforts Against Venezuela
The U.S. has now sanctioned Russian Oil Giant Rosneft as the nation has ramped up its efforts against Venezuela. Prof. Wolff dives into the sanctions, penalties, Venezuela, the oil industry and what it means for the petro sector.Read more
Will Climate Change Provoke a Widespread Revival of Socialism?
Prof. Wolff's latest article for Truthout:
"In the wake of Australian fire storms, global crop loss and catastrophic climate shifts, billions of people are recognizing the dangers to society and life itself presented by capitalism’s profit-driven despoiling of nature. At the same time, the last 40 years of deepening inequality inside virtually all nations have undermined their social cohesion, and increasingly, capitalism’s mechanisms are being blamed. Anti-capitalism is exploding across many political landscapes."
Is the Democrat Establishment Coming for Bernie After Iowa?
Prof. Wolff joins Loud & Clear for his weekly series about the biggest economic news of the week. This week, Prof. Wolff talks about Bernie Sanders' appeal with young people and his standing in the race after the Iowa caucus. This interview appears courtesy of Loud & Clear.
Economic Update: Larger Social Changes to Support Worker Co-Ops
This week on Economic Update, Professor Wolff responds to a criticism aimed at how [email protected] focuses too much on the transition from capitalist firms to worker co-op firms with too little attention paid to...READ MORE
Capitalism’s Political Servants: Trump and Johnson
Read Prof. Wolff's latest article for Counter Punch:
"For the last half-century, US and UK capitalisms led the way in undoing the parallel legacies of the New Deal and Europe’s social democracies. From its ascending Thatcher-Reagan couple to its descending Trump-Johnson imitation, neoliberal capitalism replaced Keynesian capitalism. Private corporate capitalists funded effective campaigns to celebrate neo-liberalism. The US and UK institutionalized it by de-regulating and privatizing further and faster than anywhere else ..."
Economic Update: Capitalism's Uneven Development
This week’s episode of Economic Update features an introductory discussion by Professor Wolff on capitalism's systematically uneven economic development. From Marx's original criticism of capitalism for producing and...READ MORE
How Did ‘Socialism’ Become A Dirty Word?
In the last few years, socialist-leaning policies and politicians like Bernie Sanders and Alexandria Ocasio-Cortez have become more popular in America. Yet, the word itself has become a slur used by politicians and pundits on both sides of the aisle. This short HUFFINGTON POST documentary explores how and why "socialism” became a dirty word.Read more
Trump's Economic Shell Game
Prof. Wolff discusses President Trump's State of the Union address and the 2020 election.Read more
On Contact: Understanding Socialism with Richard Wolff
Chris Hedges talks with Prof. Wolff about his new book Understanding Socialism. He explains how in the socialist dream, work is something that we should want to engage in, that means something to us, that brings us into relationships with other people who we value, who make us better people as we interact with them; “it’s a transformation of life.”Read more
Where Does the Federal Reserve’s Money Come From?
The Federal Reserve pours money into banks to support the economy, but where does that cash come from? And, more importantly, is that money ever repaid? Prof. Wolff explains how it all works and what effect it has for everyone.Read more
How Accurate Are the Economic Statistics As Told By The Government?
How accurate are the economic statistics that we are told by government, banks and financial institutions? Are some of these numbers faked, to help re-elections of politicians? Prof. Wolff explains how shrinking unemployment doesn't always mean rising quality of life, and how the inverse relationship between desperation jobs and the economy works and what effect it has for everyone.Read more
AirBnB Promises Successful Business and Positive Contribution to Society
Prof. Wolff discuss Airbnb's evolving corporate vision.Read more
State of the Union Address, Impeachment Hearings and Iowa Caucus - What a Week
Are the impeachment hearings just a movie sequel to the Mueller Report? Prof. Wolff discuss the State of the Union Address, the impeachment hearings and the fervor around the Iowa caucus. This interview appears courtesy of Loud and Clear