Swedish Election Results, Immigration, & MMT

Prof. Wolff talks with Jamarl Thomas about the election results in Swedan, immigration, and Modern Monetary Theory.

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Capitalism Is Not the “Market System”

This article was originally published at Truthout.org

With the Democratic Socialists of America now counting 48,000 people within its membership and socialist candidates such as Alexandria Ocasio-Cortez pushing for free universities and Medicare for All, Americans are once again discussing capitalism versus socialism. Fortunately, they are not doing so in the old Cold War manner of uncritically celebrating one while demonizing the other. Rather, it’s a debate over the choice Americans must make now between keeping capitalism or changing the system to some form of socialism. As debates often do, this debate awakens us to problems and differences in how we understand its basic terms. For clarity and to make progress in this important debate, we need to stop conflating “capitalism” with the market. This is done far too often and on all sides of the debate.

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Economic Update: Capitalism Invites Deepening Criticism

Updates on new approach to Labor Day, DNC accepts fossil fuel donations, Turkey's crisis as typical capitalist instability, collapse of Genoa toll bridge, exploding gap between...READ MORE


Economic Update: Capitalism's Problems Provoke Opposition

This week on Economic Update, Prof. Wolff delivers updates on Missouri vote for union position, the irrationality of student debt, economic sanction of Iran isolates and costs U.S. for Trump political gains, Monsanto puts profits...READ MORE


Socialists Need To Fight For Economic Change — Not Just Another Version Of Capitalism

This article originally appeared at HuffingtonPost.com

Dissatisfaction with capitalism has reignited a debate about socialism, but people cannot agree on what “socialism” means.

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How US Politics Sustains US Capitalism

This article originally appeared at Commondreams.org

And why a true transition to socialism requires a wholly different politics.

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Economic Update: One Big Push Against Capitalism

In the latest episode of Economic Update, Prof. Wolff provides updates on the social costs of criminalizing marijuana, U.S. food outlets being taken over by...READ MORE


Boom Bust: Rates, Immigration, Meat & Industry

Prof. Wolff joins Boom Bust to talk about financial rates, immigration and more in the Financial Round-Up.

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Economic Update: Hidden Failures of Capitalism

In this week's episode, Prof. Wolff presents updates on Europe's higher labor force participation; Cuomo campaign fakes "small donations"; US restaurants...READ MORE


Trickle Up Theory: A "New Deal" Casts off Austerity Measures For Portugal

Professor Wolff joins The Thom Hartmann Program to discuss Portugal's successful removal of Austerity measures and the start of a trickle up economy, whats going to happen when the people realize that we can take care of each other without the morbidly rich stepping in?

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