On this week's episode of Economic Update, Prof. Wolff provides updates on more VW sleaze, Irish bankers to jail, US public pension economics, Yale worker wins back job, Yale exposed. Interview with...READ MORE
“Economics of this Presidential Campaign”
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 August 2016, these will include...READ MORE
This article originally appeared at Truthout.org.
As global capitalism staggers painfully, unevenly and dangerously in the wake of its 2008 collapse, its critics divide into two broad camps. One commits to fixing or reforming a capitalism that has somehow lost its way. The other finds capitalism irreparably inadequate and seeks transition to a new and different system. The two camps see many of the same faults: how capitalism relentlessly deepens inequalities of income, wealth, power and access to culture; capitalism's instability (those socially costly cycles it never managed to prevent); and its consequent injustices. Sometimes the two camps can ally and work together. However, at other times -- such as now -- the camps become more wary of, disaffected from, and competitive with one another. Adding complexity these days, the critics favoring system change are also redefining -- for potential recruits and for themselves -- the new system they seek.Read more
Prof. Wolff joins New.Markets to discuss a historic moment in US history.Read more
On this week's Economic Update, Prof. Wolff provides updates on India's inequality, Philly's poverty behind DNC front, new initiatives from unions, Starbuck's profiteering, gutting federal estate tax. Interview with...READ MORE
Prof. Wolff joins RT's On Contact With Chris Hedges and discuss capitalism in crisis.Read more
On this week's Economic Update, Prof. Wolff discusses leaders" exposed by crises: Johnson in UK, Dimon in US. Stagnant incomes for most. Interview with...READ MORE
“The Great Emerging Conflict: Capitalism vs Worker Coops”
Co-sponsored by Democracy at Work, Left Forum, and Judson Memorial Church
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 July 2016, these will include...READ MORE
On this week's Economic Update, Prof. Wolff provides updates on minimum wage raises, economics of prisons, evidence that notions of "economic recovery" are myths for most of world. Interview with Dr Harriet Fraad on...READ MORE
This article originally appeared at Truth-out.org.
Mark Karlin: Let's start with the a statement from the preface of your book: "Questioning the capitalist system, let alone discussing system change, simply does not occur to mainstream academics and the journalists and politicians they trained. Such discourses are repressed." How is an open public discussion of capitalism stifled?Read more
This article originally appeared at Truth-out.org.
People have always chosen among different co-existing economic theories to understand the world and to act within it. Who chooses which theory, consciously or not, shapes world history. Disagreements over Brexit emerged partly from different ways of understanding the British economy and its relation to Europe. Donald Trump's support grows partly out of economic theories different from those used by supporters of Hillary Clinton or Bernie Sanders. The last century's global politics swirled around quite different theories of the difference between capitalism and socialism. Political struggles often reflect clashing economic theories and political strategies often include making one theory dominant and marginalizing or silencing others.Read more
Prof. Wolff joins The Real News Network to discuss the class war waged on workers in Europe and the growing number of protests sweeping the continent, from France to Greece.Read more
Prof. Wolff joins Rising Up's Sonali Kolhatkar to discuss the impact of Brexit.Read more
This article originally appeared at Truthout.org
Nearly 30 years ago, many capitalists were celebrating what political scientist Francis Fukuyama called the "ultimate victory of the VCR": where consumerism sank communism. However, they failed to calculate the effects of this consumerism on the environment. They also failed to predict how the public would start to tire of a situation in which a very small percentage of capitalists are reaping all the benefits while the rest of us are sinking deeper and deeper into debt, poverty and powerlessness.Read more
Prof. Wolff joins Follow the Money's Jerry Robinson to discuss the widespread popularity of Bernie Sanders among the millennial generation and his thoughts on the global economic crisis.Read more
Prof. Wolff joins David Pakman to discuss his new book Capitalism’s Crisis Deepens: Essays on the Global Economic Meltdown 2010-2014, the fantasy so-called "pure capitalism," and more.Read more
Prof. Wolff joins The Big Picture RT's Thom Hartmann to discuss the UK upcoming vote. In just a few weeks - Britons will take a vote on whether or not they want to remain part of the UK. Could this set off a continent-wide secession movement?