Prof. Wolff joined Thom Hartmann to discuss whether or not Donald Trump is forcing the federal reserve to keep interest rates low, to ensure he is re-elected in 2020. The Government in a capitalist system is the lender and spender of last resort. When things are going well, business will tell you how wonderful things are. In hard times, they will run to government finance. The government will support the bad times, but do they have too much power when a leader has his or her hands close to the till? The Federal Reserve is supposed to be independent, but governments always want to meddle. See clip here:Read more
This interview originally aired on Radio Sputnik By Any Means Necessary
Prof. Wolff talks US Congress banning citizens of purchasing Russian sovereign debt and the shifting nature of the Chinese economy.
Prof. Wolff, and Peter Schiff, CEO of Euro Pacific Capital join Boom Bust to delve into the Federal Reserve's fluctuations and what this may mean for the global economy going forward. See clip here:Read more
Prof. Wolff joins Rick Sanchez to share his insights on Deutsche Bank plans to lay off 18,000 employees over the next three years, along with other changes to its business model. He argues that Deutsche Bank’s announcement of the layoffs three years in advance may have been a mistake. See clip here:
Prof. Wolff sat down with Lee Camp to discuss the current state of the U.S. economy. Investigative journalist Aaron Mate is the guest on the second half of the show. Mate has been one of the most prominent journalists debunking the Russiagate narrative.
Prof. Wolff says T-Mobile and Sprint Merger Endangers Free Media. He discusses the $26 billion merger between T-Mobile and Sprint, which the FCC announced is “in the public interest.” The merger could create an even bigger media and telecommunication monopoly that will crush medium and small enterprises.
Prof. Wolff debates libertarian Antony Sammeroff on the Labor Theory of Value on the Lions of Liberty Podcast, hosted by Marc Clair. Prof. Wolff debates from a Marxist economist position vs. Sammeroff's free market libertarian position.
Prof. Wolff says capitalism is failing the people. He joins Ana Kasparian of The Young Turks to explain how on "The Conversation."
Economic Issues of the Upcoming US Elections
This week on Economic Update, Professor Wolff follows up with part two of his in-depth analyses of the USSR and anti-capitalist governments by providing (1) an overview of China's economic...READ MORE
This week on Economic Update, Professor Wolff discusses the three basic kinds of socialism as anti-capitalist ideologies grow in the U.S. and more people are looking toward socialist alternatives. Prof. Wolff lays out the importance of...READ MORE
This article originally appeared at CommonDreams.org.
Special thanks to Aydın ÖRDEK, member of Executive Board of Mulkiye Center for Education, for providing the Turkish translation.
Çeviri: Ekin Keskin*
Kapitalizm kendisini sürekli olarak daha büyük bir eşitsizliğe, istikrarsızlığa ve adaletsizliğe sürüklerken, kapitalizmi eleştirenler çoğalıyor. Kapitalizmin endişeli savunucuları iki şekilde tepki veriyor. Birçoğu eleştirileri önemsemiyor. Ne de olsa, kapitalizm uzun zamandır var ve daha önce de iniş çıkışlar yaşadı. Eleştirenler, hayal kırıklıklarına rağmen çok az bir değişim olması nedeniyle eleştirilerin sönümleneceğini tahmin ediyor veya umuyorlar. Şikâyet edenler ise sadece kaybedenler. Kazananlar kesinlikle sistemi ileriye taşıyacaklar. Kapitalizm savunucularının bir kısmı da basitçe kapitalizmin bir alternatifinin olmadığı konusunda ısrar ediyor, bu yüzden eleştiriler anlamsız hale geliyor.Read more
Authors: Richard D. Wolff and Ian J. Seda-Irizarry
Richard D. Wolff (RDW): As a professor of economics, all my adult life I’ve had to struggle with a difficult sad fact about economics education in colleges and universities in the United States for the last half century. Because of the Cold-war, because of the years of struggle between the U.S. and the Soviet Union, the previous way of teaching of economics, which included the presentation of alternative theories, were repressed. Instead economics got narrowed to a very simple orthodoxy that excluded everything basically critical of capitalism. Capitalism, “economics” taught, was the greatest economic system since sliced bread, indeed the “optimum” imaginable. There were no alternatives worth studying from which one could learn. For example, Marxism, as the most developed critique of capitalism in the world, was simply excluded from 99% of all economics curriculum, as it remains today. It is an extraordinarily narrow orthodoxy.Read more
This article originally appeared at Counterpunch.org
Whatever distractions candidates promote to win voters, some underlying issues will wield their influence on 2020 election outcomes in any case. The biggest of these are the historically accumulated anger and betrayal felt by millions of working class Americans. Since the 1970s, their relative position within income and wealth distributions has declined. Real wages stagnated while workers’ rising productivity made ever more profits for employers, widening inequality. That alone depressed the class, but US society is structured to add many political, cultural, and social demotions onto those whose relative economic position declines.Read more
This article originally appeared at Counterpunch.org.
Actually existing socialisms since the 1917 Soviet revolution leave a rich legacy: aspects to build on, aspects to reject. Collective consumption (free education, medical care, subsidized housing, transport, etc.) is among the first and party dictatorship is among the second. Those socialisms’ complex histories also leave a legacy of what went missing from them. Identifying and evaluating missing elements can provide today’s socialist movements with better means to surpass capitalism than earlier socialist movements had.Read more
There is an entire body of political science thinking that has been unavailable in this country for many years because of its association with socialism and the left that have been demonized. Prof. Wolff joins Richard Eskow of The Zero Hour to talk about the insight that literature could offer us.Read more
As Trump ramps up his rhetoric against China, one of the nation's top officials will visit Washington to talk trade. Professor Richard Wolff joins RT's Boom Bust to sift through the shipping stalemate and search for hope on the horizon.Read more
Rise of Socialism in the US Today
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 May 2019, these issues will include...READ MORE