Economic Update: Why Capitalism Demonizes Government

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


Amazon Gets $3 Billion in NY Tax Breaks While Underfunded Public Transport Enters 'Death Spiral'

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.

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Economic Update: US Midterm Elections

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


Global Capitalism: November 2018 Economic Update

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

with Richard D. Wolff 
Co-sponsored by Democracy at Work, Left Forum & 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 November 2018, these issues will include...READ MORE


The Narrowness of Mainstream Economics Is About to Unravel

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.

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Economic Update: Follow the Money

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


Economic Update: US "Sugar Arrangements” Industry

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


How Capitalism Has Screwed Women Over

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.  

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Markets ‘Overdue For Correction’ - RT America

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.

 

 

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Prof. Wolff on Primo Nutmeg

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.

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