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.