Economic Update: Psychology, Economics, and Orlando

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On this week's Economic Update, Prof. Wolff provides updates on minimum wage raises, economics of prisons, evidence that notions of "economic recovery" are myths for most of world. Interview with Dr Harriet Fraad on...READ MORE 


Poverty Has Always Accompanied Capitalism

poverty_ny_thumb.jpgThis article originally appeared at Truth-out.org.

Mark Karlin: Let's start with the a statement from the preface of your book: "Questioning the capitalist system, let alone discussing system change, simply does not occur to mainstream academics and the journalists and politicians they trained. Such discourses are repressed." How is an open public discussion of capitalism stifled?   

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Economic Update: What Brexit Means

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On this week's episode of Economic Update, Prof. Wolff provides updates on new Puerto Rico deal, French street battles, German leaders' need humility, fake Cleveland revitalization, selling out national parks. Major analysis of...READ MORE


Economic Theorists: The High Priests of Capitalism

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This article originally appeared at Truth-out.org.

People have always chosen among different co-existing economic theories to understand the world and to act within it. Who chooses which theory, consciously or not, shapes world history. Disagreements over Brexit emerged partly from different ways of understanding the British economy and its relation to Europe. Donald Trump's support grows partly out of economic theories different from those used by supporters of Hillary Clinton or Bernie Sanders. The last century's global politics swirled around quite different theories of the difference between capitalism and socialism. Political struggles often reflect clashing economic theories and political strategies often include making one theory dominant and marginalizing or silencing others.

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TRNN: "French Labor Law, Brexit, and Greek Austerity: Class War Against European Workers"

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Prof. Wolff joins The Real News Network to discuss the class war waged on workers in Europe and the growing number of protests sweeping the continent, from France to Greece.

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Prof. Wolff on "Rising Up with Sonali: How Brexit Impacts Greece, Spain, And The US"

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Prof. Wolff joins Rising Up's Sonali Kolhatkar to discuss the impact of Brexit.  

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Economic Update: Small Victories, Big Lessons

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On this week's episode of Economic Update, Prof. Wolff provides updates on victories (1) over US sugar industry and (2) in reducing Sweden's 40-hour workweek to 30 hours with no pay cut. Major analyses of jobs moving south...READ MORE


Richard Wolff on the Changing Tides of Capitalism and Socialism

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This article originally appeared at Truthout.org

Nearly 30 years ago, many capitalists were celebrating what political scientist Francis Fukuyama called the "ultimate victory of the VCR": where consumerism sank communism. However, they failed to calculate the effects of this consumerism on the environment. They also failed to predict how the public would start to tire of a situation in which a very small percentage of capitalists are reaping all the benefits while the rest of us are sinking deeper and deeper into debt, poverty and powerlessness.

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Follow the Money: "Capitalism's Crisis Deepens: A Conversation w/ Prof. Richard Wolff"

Prof. Wolff joins Follow the Money's Jerry Robinson to discuss the widespread popularity of Bernie Sanders among the millennial generation and his thoughts on the global economic crisis.

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The David Pakman Show: "Richard Wolff: Capitalism's Crisis Deepens"

Prof. Wolff joins David Pakman to discuss his new book Capitalism’s Crisis Deepens: Essays on the Global Economic Meltdown 2010-2014, the fantasy so-called "pure capitalism," and more.

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