On this week's episode of Economic Update, Prof. Wolff provides updates on more VW sleaze, Irish bankers to jail, US public pension economics, Yale worker wins back job, Yale exposed. Interview with...READ MORE
How Capitalism Perpetuates Immigration
(Photo: Ivan Kashinsky / The New York Times)
This article originally appeared at Truthout.org
Capitalism has a long, ugly history of scapegoating immigrants. The pattern has been repeated often. For example, British capitalism's drive to empire helped force the Irish, as colonial subjects, to emigrate. Miserable colonial conditions, including horrific famines, drove many Irish to labor for capitalists in England at wages lower than English workers had won. English workers raged against and clashed with the Irish immigrants more than they struggled against the colonial system that had brought them.
Economic Update: Economics and Red States: Arlie Hochschild
On this week's episode of Economic Update, Prof. Wolff provides updates on Corbyn's victory in UK, Uber drivers unionize, state retirement systems sued for threatening pensions, hard facts about...READ MORE
The Greylock Glass Growl: RICHARD WOLFF ON THE TPP AND VANISHING HIGHER ED CAREERS
Prof. Wolff joins The Greylock Glass's Growl Podcast to discuss the TPP and the ever vanishing higher education careers.
Economic Update: Higher Ed Class Struggles
On this week's episode of Economic Update, Prof. Wolff provides updates on top Corp leaders and top government officials as tight partners, British wages and...READ MORE
Prof. Wolff on TRNN: "Don't Celebrate Just Yet: Median Household Income In a 20-Year Decline"
Recent statistics from the US Census Bureau show improvement from 2014-2015, but in reality, wages are in a real decline and no mechanisms have been put in place to prevent another crash, says Prof. Wolff.
The Contradictions of Finance
This article originally appeared at Truthout.org and Roar Magazine.
Like much else in economies, finance both enhances the economy's growth and development and undermines it. The balance between these contradictory effects depends on all the other aspects of an economy and society and how they all influence financial contradictions. From its first entrance into the economy -- that part of society concerned with the production and...READ MORE
Economic Update: Worker Coops Vs. Capitalism
On this week's Economic Update, Prof. Wolff provides updates on declining US incomes, parental leave policies, rising medical deductibles...READ MORE
Global Capitalism: September 2016 Monthly Economic Update
Global Capitalism, Monthly Economic Update:
"Labor Day: The Condition of the Working Class & Labor's Strategy"
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 September 2016, these will include...READ MORE
Prof. Wolff on The Big Picture RT with Thom Hartmann
Prof. Wolff joins The Big Picture RT's Thom Hartmann to discuss whether the FED has created a "False Economy."
Economic Update: Economics for Labor Day
On this week's episode of Economic Update, Prof. Wolff, provides updates on dark money, Mylan drug scandal, air lines concentrating, capitalism and...READ MORE
Rosa Remix: 100 years of capitalism’s global relocation
This article originally appeared at Roarmag.org
Rosa Luxemburg’s great work displays extraordinary merits. First, she explained key dimensions of the capitalism of her time in an exemplary application of Marxian economics. Second, she integrated foreign trade and imperialism into economic theory further and with more insight than most economists including Marx had yet done. Third, she showed the powerful insights available by using Marx’s basic value and price concepts: a remarkable testimony to the usefulness of the labor theory of value. Finally, she linked her theoretical work to the strategic concerns and debates of the workers’ movements of her time. She took sides with an open honesty rarely equaled since among economic theorists who sell themselves instead by pretending to be “scientists above politics.”
Prof. Wolff on District Sentinel Radio's "Unanimous Dissent"
On this episode of "Unanimous Dissent," Prof. Wolff joins the show to discuss Hillary Clinton and Donald Trump’s economic solutions--or the woeful lackthereof. “Trickle-up” is needed, he says, not “trickle down.”Read more
Prof. Wolff on BBC's Business Matters
Prof. Wolff joins BBC World Service's Business Matters to discuss capitalism, Marxism and worker co-ops.
Economic Update: Puerto Rico's Crisis is Systemic
On this week's Economic Update, Prof. Wolff provides updates on US income inequality vs rest of world, Europe exposes Apple Corp's tax evasion; TTP and...READ MORE
Economic Update: Capitalism's Craziness
Prof. Wolff on Redacted Tonight with Lee Camp
Prof. Wolff joins Lee Camp on Redacted Tonight to discuss his latest book and the current crisis facing capitalism.Read more
Economic Update: The System Exposed
On this week's episode of Economic Update, Prof. Wolff provides updates on Olympic economics, mass transit, productivity truths, labor weakness and political parties, golden parachutes...READ MORE
Economic Update: Economics of Worker Coops
On this week's episode of Economic Update, Prof. Wolff provides updates on Macy's closing 141 stores, Clinton campaign economics...READ MORE
Global Capitalism: August 2016 Monthly Economic Update
“Economics of this Presidential Campaign”
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 August 2016, these will include...READ MORE
When Systems Crumble: Looking Beyond Global Capitalism
This article originally appeared at Truthout.org.
As global capitalism staggers painfully, unevenly and dangerously in the wake of its 2008 collapse, its critics divide into two broad camps. One commits to fixing or reforming a capitalism that has somehow lost its way. The other finds capitalism irreparably inadequate and seeks transition to a new and different system. The two camps see many of the same faults: how capitalism relentlessly deepens inequalities of income, wealth, power and access to culture; capitalism's instability (those socially costly cycles it never managed to prevent); and its consequent injustices. Sometimes the two camps can ally and work together. However, at other times -- such as now -- the camps become more wary of, disaffected from, and competitive with one another. Adding complexity these days, the critics favoring system change are also redefining -- for potential recruits and for themselves -- the new system they seek.Read more
Prof. Wolff on News.Markets: "Clinton's Historic Moment"
Prof. Wolff joins New.Markets to discuss a historic moment in US history.Read more
Economic Update: Economic Crisis, Fascism & History
On this week's Economic Update, Prof. Wolff provides updates on India's inequality, Philly's poverty behind DNC front, new initiatives from unions, Starbuck's profiteering, gutting federal estate tax. Interview with...READ MORE
Prof. Wolff on News.Markets: "Trump: The Theatre"
Does Donald Trump – now the official Republican Party presidential candidate – offer anything other than lights, smoke and insults?Read more
"'Capitalism in Crisis' with Richard Wolff" - On Contact with Chris Hedges
Prof. Wolff joins RT's On Contact With Chris Hedges and discuss capitalism in crisis.Read more