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 more
Richard Wolff joins Richard Medhurst to talk about GameStop, Socialism, Imperialism and the Democratic PartyRead more
[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
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 more
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 more
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."
[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
Article by Richard D. Wolff
"Deepening U.S. inequality flows directly from this capitalist organization of production—its class system."
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 more
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 more
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 more
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 more
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."
[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
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 more
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
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 more
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 more
[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.
In the fallout from the Capitol Hill riot that left five people dead, many major corporations have begun to cut ties with President Trump. Professor Richard Wolff of the Economic Update joins the Boom Bust to lay out the recent corporate decisions and what it could mean for Donald Trump after his term is over.Read more
On this week's episode of The Socialist Program's regular segment "Capitalism in Crisis" with Prof. Richard Wolff, we discuss the role played by economic factors in the growth of fascist movements. Brian and Prof. Wolff discuss how the core features of capitalism provide fascism with an opportunity to rise and take power.
Prof Wolff joins The Jimmy Dore Show to talk about how the Capitol insurrection was caused by the failure of capitalism and more.Read more