Richard D. Wolff

Prof. Wolff joins Boom Bust to talk about global debt levels at the start of 2019.

Can reform fix the problems with monopolies? In the past monopolies would form, create economic catastrophe, worsen inequality all before reformers could take power and put a stop to them by breaking up the monopolies. 

This article originally appeared at Huffingtonpost.com

When college student Trevor Hill stood up at a CNN town hall in 2017 and asked House Minority Leader Nancy Pelosi (D-Calif.) if her party might move further left to mark a starker break with right-wing economics, her answer was clear: “I thank you for your question but I have to say we’re capitalist. And that’s just the way it is.” 

This article originally appeared at Truthout.org.

Written by Vaios Triantafyllou

Richard D. Wolff is professor of economics emeritus at the University of Massachusetts, Amherst, where he taught economics from 1973 to 2008. He is currently a visiting professor in the Graduate Programs in International Affairs at the New School University in New York City. In this interview, Wolff discusses how market-based economies have had their critics since the times of Plato and Aristotle, how both major US political parties have become subservient to the gospel of capitalism and how technology isn’t always constructive. This interview has been edited for clarity and length.

Prof. Wolff joins Status Coup to talk about the latest economic news and trends. 

Prof. Wolff joins Loud & Clear's Brian Becker and John Kiriakou to discuss homelessness in America. 

Prof. Wolff joins Amy Goodman and Juan Gonzalez of Democracy Now to discuss the current economic crisis, from the stock market fluctuations to the partial federal government shutdown.

[S8 E26]

This week on Economic Update, Professor Wolff delivers updates on LA’s vote on public bank; contradictions of Trump's “nationalism," big business’ criticism of tariffs and how...READ MORE

[S8 E25]

This week on Economic Professor Wolff delivers updates on a massive international study of profit-driven food production, the huge costs of contemporary loneliness, the police raid of Deutsche Bank, falling house prices, Belgium...READ MORE

This article originally appeared at Truthout.org.

In this interview, Prof. Wolff discusses how the revolutions that overthrew feudalism laid the foundations for our current crisis of capitalism, why historical models of socialism put into practice failed, and what lessons we can learn from them in creating a new socialism.

Richard D. Wolff joins Boom Bust to talk about the economy a year after the "Tax Cuts and Jobs Act" was signed.

Prof. Wolff joins Jim Banks from KGNU Radio in Boulder, Colorado to talk about the state of the economy two years into the Trump administration.

Prof. Wolff joins The Michael Brooks Show to talk Brexit and the Marxist critique of the global economy. 

Prof. Wolff joins RT America’s Rick Sanchez to talk about his predictions about the G20 and analyze Trump’s “blundering” trade policies.

Updates on UK war on "Unexplained Wealth," why capitalism needs yet attacks government, historical reality of low wages in US, cozy deals between...READ MORE

Prof. Richard Wolff joins The Real News Network to explain why the $3 billion subsidy for one of the world's largest corporations is a terrible waste of public money.

Prof. Wolff presents updates on how China hits back economically; capitalism surviving in Italy through explosive debt creation; why lotteries have...READ MORE

The Economic Consequences of the Election - What Can We Expect?

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 November 2018, these issues will include...READ MORE

This article appeared originally at Truthout.org

Recent extreme volatility and sharp drops in US stock markets underscore the instability of capitalism yet again. As many commentators now note, another economic downturn looms. We know that all the reforms and regulations imposed in the wake of the Great Depression of the 1930s failed to prevent both smaller downturns between 1941 and 2008 and then another big crash in 2008. Capitalism’s instability has, for centuries, resisted all efforts to overcome it with or without government interventions. Yet mainstream economics mostly evades an honest confrontation with the social costs of such economic instability. Worse, it evades a direct debate with the Marxian critique that links those costs to an argument that system change would be the best and most “efficient” solution.

This week’s episode of Economic Update features updates from Prof. Wolff on profits-vs-science and weedkiller “roundup,” most Americans not better off than in 2016, WHO reports bans on corporal punishment of...READ MORE

On this week's show, Prof. Wolff presents updates on latest foreign and US elections, the CEA document against socialism, growing inequality of billionaires’ wealth, army represses report on...READ MORE

This article originally appeared at Huffpost.com.

It’s been one year since the explosion of the Me Too movement that followed allegations against Harvey Weinstein. Since then, the #metoo hashtag has been used around 19 million times to expose and discuss workplace sexual harassment.  

With markets in apparent decline, some analysts are worried that we are nearing market-correction or even full-scale recession. Prof. Wolff joins RT America’s Rick Sanchez to share his insights and expertise, arguing that Trump’s fiscal policies amount to “feathering his own nest” and will ultimately damage the economy.

Prof. Wolff joins Primo Nutmeg to discuss the history of Marxism, political semantics, varieties of socialism, the morality of capitalism, worker co-ops, if a free society would have one economic dogma, and whether or not a coalition between lefitists and libertarians is possible.