Brian Becker and Prof. Richard Wolff discuss the Marxist understanding of the real estate market and how the speculative nature of this capitalist market leads to tragedies like the deadly Miami condo collapse. They also discuss the concept and experience of social housing as an alternative to private capitalist housing.Read more
As the Biden administration's infrastructure deal has changed since its presentation, the battle for "Human Infrastructure" additions in the bill are underway. Professor Richard Wolff joins Boom Bust to break down the iterations of the bill and what measures he believes are necessary.Read more
Today Prof Wolff and Brian Becker discuss the Marxist understanding of the role played by stock markets in capitalism. How has the function of stock markets evolved over the years, and how do they contribute to today’s exploding wealth inequality?Read more
The Debt Ceiling limits the total amount of money the Federal government can borrow. In the past 20 years, the deficits have been much higher, and the government has had to bail out private businesses. With Covid, borrowing is higher than ever. The only way the government can pay back their debt, is to borrow more. Professor Richard Wolff joined Thom Hartmann to explain that it is catastrophic to increase the debt ceiling, and how taxes might have to increase dramatically.Read more
Article by Richard D. Wolff
Slowly, the realization dawns that maybe it never was appropriate to center analytical attention and doctrinal disputation on the private versus public sectors of capitalist economies.Read more
Prof Wolff joins Boom Bust to discuss a shocking report that shows the Covid-19 pandemic has bred millions of millionaires.Read more
President Biden’s budget proposal would cost taxpayers a whopping $6 trillion. Some are calling it the New Deal 2.0, but is pumping federal dollars a surefire way to get the economy back on track? Richard Wolff joins The Big Picture to weigh in on whether record-high government spending can offset a mass exodus of service workers across the country. As Americans regain their financial footing after a calamitous year in lockdown, what will tomorrow’s labor market look like?Read more
[S11 E23] New
In this week's show, Prof Wolff presents updates on the efforts to finally add dental, vision, and hearing coverage to Medicare, the effects of Trump's tariffs on China, and the contradictions between capitalist profiteering...READ MORE
Are money market finds at risk? And, if so, what should Americans do? Is the stock market about to Crash?
Prof. Richard Wolff joined The Thom Hartmann Program to discuss the government spending beyond tax income. At what point does someone scream “STOP”?
Professor Wolff joins RJ Eskow on The Zero Hour to discuss the climate crisis.Read more
Brian Becker and Prof. Wolff discuss Karl Marx's theory of classes. Politicians of all stripes love to talk endlessly about their devotion to the middle class, but what does that even mean? What are the unique insights from Karl Marx about the real class structure of society?
Richard Wolff joins Boom Bust to discuss a new report that has shown records of how the wealthiest citizens in the nation have dodged paying taxes for years.Read more
Professor Wolff joins Fred Hampton Leftists to talk about the need for a minimum wage, crypto-currency, and the end of capitalism.Read more
Brian Becker and Prof. Wolff continue a series of discussions about the basics of Marxism — a method for understanding and changing the world used by many of the great revolutionaries of modern history. Today, they discuss what Marxism has to say about the environment. Why and how is capitalism destroying the planet?Read more
And as the United States and many other developed nations are seeing their vaccination rates soar, developing nations are still struggling to inoculate their populations. Richard Wolff joins Boom Bust to speak on vaccine inequity and the rise of new billionaires during the COVID-19 pandemic.
To avoid divisive social conflict over redistribution, the solution is not to distribute unequally in the first place. That can remove the cause and impetus for redistributive struggles and thus the need for endless and so far fruitless efforts to find the “right” redistribution formula or mechanism. The way forward is to democratize the decision about distributing wealth as it emerges from production.
Article by Richard D. Wolff
Prof. Wolff joins Brian Becker on The Socialist Program to continue a series of discussions about the basics of Marxism — a method for understanding and changing the world used by many of the great revolutionaries of modern history. Today, they discuss the role of finance and the big banks. Why does Wall Street reign supreme in the capitalist system?Read more
Our country is in trouble and it's about a fundamental problem we have as a nation — Inequality. A consumer economy simply can't function when the consumers are too poor to consume and the wealthy refuse. Richard Wolff joined Thom Hartmann to discuss spenders and savers, be they rich or poor. And it all comes down to taxation and the rich. Surprised?Read more
Few things say "The United States economy is broken" more than the idea that while we're in a global pandemic -- with nearly 600,000 Americans dead, almost 10 million jobs lost, and the population of unhoused people higher for the fourth year in a row -- there's at least one billionaire somewhere going, "2020 was a great year!"
In the episode of United Shades of America w. Kamau Bell on CNN, Bell takes a Zoom class with Professor Richard Wolff, a Marxian economist who shared how the leaders of the country thought about wealth back in the day. "In both World Wars I and II, the United States' President and Congress passed what was called an excess profits tax. And here's what it said: If, during a war, when we're asking young men and women to risk their lives, their health, their bodies to fight for this country, it is unconscionable that others who are not risking make money off this war."