This article originally appeared at artsforum.ca
Contemporary capitalism no longer “delivers the goods” (which is understood as a rising standard of real wages) to the majority of people. That classic defense of its instability (e.g. recurrent bouts of unemployment), its deepening economic, political, and cultural inequalities, and its attendant injustices is no longer plausible. In the U.S. since...READ MORE
CounterSpin interviews Prof. Wolff on economic fundamentals.Read more
Prof. Richard Wolff joins "By Any Means Necessary" to talk about the fluctuations in the stock market over the past year, the casino-esque nature of the US economy, the rise of the Chinese economy and what that means for Western capitalism, and if a wave of defaults are on their way for American consumers.
Professor Wolff joins The Thom Hartmann Program to discuss the ongoing investigation into Donald Trump's connections to Russia.Read more
Global Capitalism: "The GOP/Trump Plan for 2018: CUT SOCIAL SERVICES AND PROGRAMS
These programs begin with 30 minutes of short updates on important economic events of the last month, then Wolff analyzes several major economic issues. For January 2018, these issues will include...Read More
This week on Economic Update, Prof. Richard D. Wolff delivers updates on Economic Threats: Corbyn vs Morgan Stanley, cars for super-rich, information vs profit, Fed chair Powell's over-reach, why regulations...READ MORE
This article originally appeared at truthout.org.
In response to the passage of the GOP tax bill, many voices are now offering variations on the theme of "speak truth to power." It's true enough that tax overhaul, coming after 30 years of widening inequality, widens it further. It is likewise yet another exercise in trickle-down economics, the policy promise that direct economic help to corporations and the rich will eventually lift up the rest of us. The GOP and Trump conveniently disregard the countless economists who have shown that trickle-down is a false promise.Read more
Prof. Wolff joins Brian Becker and John Kiriakou of Loud & Clea to talk about the Republican Tax Plan which could be signed into law as early as next week.Read more