Prof. Wolff on BBC's Business Matters


Prof. Wolff joins BBC World Service's Business Matters to discuss capitalism, Marxism and worker co-ops.


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  • Joseph A. Mungai
    commented 2016-09-11 14:10:43 -0400
    “Emilia-Romagna is a region in Northern Italy, situated just below the foothills of the Italian Alps. It is one of the richest and most developed regions in Europe, with one of the highest GDP’s of all Italian regions. The outside world knows the region as the home of high end car makers such as Ferrari, Lamborghini, Maserati and Ducati. Yet what is truly fascinating about Emilia-Romagna is that whilst being one of the most economically successful regions in Europe, it is also one of the most cooperative regions in the world. With a population of nearly 4.5 million, nearly 2 of every 3 citizens are members of a cooperative. Cooperatives represent around 30% of the region’s GDP, making it a fantastic example of a true cooperative economy.”
  • Joseph A. Mungai
    commented 2016-09-11 14:06:31 -0400
    Capitalism is most efficient at polluting the air our children breathe and water they drink for the obscene profit of a few over the many.
  • Joseph A. Mungai
    commented 2016-09-11 14:05:57 -0400
    “What’s efficiency got to do with capitalism? The short answer is little or nothing. Economic and social collapses in Detroit, Cleveland and many other US cities did not happen because production was inefficient there. Efficiency problems did not cause the longer-term economic declines troubling the US and western Europe. Capitalist corporations decided to relocate production: first, away from such cities, and now, away from those regions…”
  • Joseph A. Mungai
    commented 2016-09-11 13:19:11 -0400
    Another excellent lesson!
  • Richard Wolff
    published this page in Updates 2016-09-09 21:50:45 -0400