Professor of Economics, Author, Radio Host, Speaker

Richard D. Wolff

Economic Update: Why Capitalism Reproduces Inequality and a Solution

Richard Wolff
posted by | 18407pt
February 22, 2021

[S11 E07] New

The extreme economic inequalities of both global and US capitalism are not new or exceptional. Capitalism reproduces inequality and repeatedly blocks or reverses redistribution...READ MORE

Economic Update

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  • Zalizko Marharyta
    commented 2026-09-30 18:01:30 -0400
    The structural argument is that capital income grows faster than wage income over time, so any system that ties wellbeing to wages drifts toward inequality without deliberate counterweights. That’s the mechanism, not individual behaviour. I saw a similar point at https://luckypays-gb.org.uk and it applied here.
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Richard D. Wolff is Professor of Economics Emeritus at UMass Amherst and a visiting Professor in the Graduate Program in International Affairs of the New School University in New York. Richard Wolff is also a co-founder and active contributor of his non-profit: Democracy at Work

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