Zero Books: Capitalism and the Pandemic, discussion of "The Sickness is the System"
The coronavirus pandemic, the deepening economic crash, dangerously divisive political responses, and exploding social tensions have thrown an already declining American capitalist system into a tailspin. In this video the economist Richard D. Wolff discusses how capitalism works and doesn't work as he describes his new book from Democracy at Work "The Sickness is the System: When Capitalism Fails to Save Us from Pandemics or Itself" and Douglas Lain tries to set up a conversation on State Capitalism and Workers Co-Ops for the parrot room.
Read moreSputnik News: Disintegration of Political System Helps Explain Rising Censorship
Increased social media and tech censorship must be understood in the wider context of the establishment desperately seeking to hold on to what used to be called "the vital centre", a US-based author and economist tells Sputnik. Professor Wolff explained why such behaviour by internet giants must be understood as part of a wider collapse of the economic system, and the attempts of those who already hold power to reaffirm and consolidate their ever weakening position.
Read moreThom Hartmann: Economists Proves Sanctions Don't Work
Cuba, Venezuela and Iran are all facing sanctions from the United States. Many of these sanctions are hurting innocent people, but the government's of those countries are not changing. Do Sanctions work or do they just hurt people? Sanctions are not working. Richard Wolff joins The Thom Hartmann Program to explain.
Boom Bust: Russia Promises Sanctions Retaliation
In the wake of fresh US sanctions, Russia has vowed to retaliate. Prof Wolff joins Boom Bust to look at the impact of sanction efforts around the globe."This is political theater, this is not to be taken seriously."
Read moreYour Call on KLAW: How Capitalism Failed During The Pandemic & Where We Go From Here
On this edition of Your Call, we’re speaking with economist Richard Wolff about his latest book, The Sickness is the System: When Capitalism Fails to Save Us from Pandemics or Itself. He argues that in order to address the failures of capitalism, we can’t "return to normal.”
He says we must transition toward a new economic system that works for everyone, including workplace democracy. He says we can do better than capitalism. What changes would you like to see?
Read moreThe Socialist Program: Intellectual Property Rights are a Form of Theft
Brian Becker and Prof. Wolff discuss how intellectual property rights are used by capitalists to stifle innovation and hold back progress while protecting their profits. They focus especially on how this phenomenon is playing out when it comes to the Coronavirus vaccines.
Read moreEconomic Update: The System Implodes: Amazon, Evictions, Tax Abuses, and Minimum Wages P
[S11 E08] New
On this week's show, Prof. Wolff discusses Amazon's profits; New York state's eviction crisis and capitalism's reproduction of poverty and inequality; New York's stock...READ MORE
Zero Down: Interview by Arthashastra Economics Society
The Editorial Board of the Arthashastra Economics Society in India interviews Prof. Richard D. Wolff
Read moreActTV: The Texas Disaster - A Tipping Point For Capitalism?
Julianna Forlano welcomes back Professor of Economics Richard D. Wolff to ActTV, to discuss how as disasters pile up in the US, like the recent deep freeze in Texas, wildfires, rapidly intensifying hurricanes, droughts, floods, tornadoes, heat waves, not to mention related pandemics... Will there come a point when the US economy won’t be able to handle it? And how close are we to a tipping point?
Read moreThom Hartmann: What You Don't Know About Bond Yields
What are Bond yields, and why should you care about them? The Bond market is where people loan money and provide an interest on the repayment. It is used by governments and corporations. This all sounds very business related, but it does affect you – it really does. Prof Wolff joins Thom Hartmann to explain why.
Read moreIn Question: ERCOT board members resign after power failures in Texas
Richard Wolff joins In Question to weigh in on the tragic situation in Texas, and explain the economics of the Texas power distribution system.
Read moreBoom Bust: China's Chip Supply Chain
While the pandemic has thrown everything into flux, global supply chains are being revisited as transpacific ties are at their lowest in years. Professor Richard Wolff and Boom Bust's Ben Swann join the program to examine the state of Chinese trade and the semiconductor supply chain.
Read moreThe Socialist Program: End Capitalist Control Over Heat & Light
Brian Becker and Prof. Richard Wolff discuss the terrible storm in Texas and elsewhere in the south that has caused death, destruction and a near total breakdown in infrastructure. What does this say about the capitalist system?
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Politics Done Right: Richard Wolff discusses capitalism & more in the ebook release of The Sickness is the System.
Richard Wolff discusses capitalism & more in an appearance on Politics Done Right with Egberto Willies. Professor Wolff did not mince his words about capitalism, COVID, and more with the release of his ebook, The Sickness is the System.
Read moreEconomic Update: Why Capitalism Reproduces Inequality and a Solution
[S11 E07] New
The extreme economic inequalities of both global and US capitalism are not new or exceptional. Capitalism reproduces inequality and repeatedly blocks or reverses redistribution...READ MORE
Richard Wolff on The Barricades
Richard Wolff joins The Barricades to answer many questions within the field of economics, economic ideology, wealth inequality, worker co-ops, left strategy to transition beyond capitalism and more.
Read moreBoom Bust: China Tops US as Key EU Trade Partner
China became the EU's biggest trading partner in 2020, overtaking the US, according to data released this week by Eurostat. The fast pace of the economic recovery in China has meant an increase in the country's demand for European goods. Richard Wolff joins Boom Bust to discuss.
Read moreThe Centers of Global Capitalism Are Migrating Away From the U.S., Europe and Japan
Article by Richard D. Wolff
The blunt truth of modern economic development is this: capitalism is leaving its old centers and relocating to its new centers. About this leaving we can and should borrow the phrase: this changes everything.
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The Socialist Program: An Absurd & Deadly System
Brian Becker and Prof. Richard Wolff discuss how deeply dependent big banks and corporations are on government assistance, the rise in speculation on "junk bonds", the organizing drive by workers at an Amazon warehouse in Alabama, and more.
Read moreZero Hour: Prof. Richard Wolff Censored on Facebook
Richard Wolff joins RJ Eskow on The Zero Hour to talk about his experience being censored on Facebook last week when posting about striking workers at the Hunts Point Produce Market. This event was reported on by The Indypendent. "We are in a world in which a private profit driven enterprise is in a position to shape public discourse which has to be (in a society that takes free speech seriously) a matter of no small concern."
Read moreEconomic Update: The US Political Right in Anger and Mourning
[S11 E06] New
On this week's show, Prof. Wolff presents updates on the radical policies of Berlin's city gov't and its Die LInke Party; why raising minimum wage to...READ MORE
The Socialist Program: The Phony Debate
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 moreDr. Richard Wolff and Richard Medhurst on GameStop, Socialism, Imperialism and the Democratic Party
Richard Wolff joins Richard Medhurst to talk about GameStop, Socialism, Imperialism and the Democratic Party
Read moreEconomic Update: History's Lessons on Capitalism's Failures: Germany and US
[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
Rising - Hill TV: GameStop Reveals The Core Rot Of US Financial System
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.
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