Richard D. Wolff

This article originally appeared at Truthout.org

Capitalism's supporters use and benefit from a racism whose practice and consequences should be blamed on capitalism itself.

"Racism" is so often applied to US prison statistics and policing; to data on differences in employment, housing, wealth and income distributions, college enrollments, film awards, and so much more; and to hardening hostilities toward immigration. At the same time, racism is so often condemned -- at least in mainstream media, dominant political circles and most intellectual and academic institutions. Racism's persistence where the capitalist economic system prevails raises the question of the connection between capitalism and racism.  READ MORE

On this week's episode of Economic Update, Prof. Wolff provides updates on pay of CEO's that fight $15/ he for workers, workers who get public assistance, facts on taxes paid and evaded, Mitsubishi like VW. Major discussion on...READ MORE

The Varieties of Socialism: An Economic Analysis

Co-sponsored by Democracy at Work, Left Forum, and Judson Memorial Church

These programs begin with 30 minutes of short updates on important economic events of the last month. Then Prof. Wolff analyzes several major economic issues. For this month, these will include...READ MORE

On this week's episode of Economic Update, Prof. Wolff provides updates on tax issues: Panama Papers, corp tax rates, tax-avoiding "inversions" and Yale's tax avoidance. Part 2 of interview with...READ MORE

On this week's episode of Economic Update, Prof. Wolff provides updates on China's rising wages, lethal overdoses and economic crisis, courts worsen Puerto Rico's crisis, moving jobs to Mexico, and Florida governor tries to help Yale evade taxes. Major discussions of...READ MORE

On this week's episode of Economic Update, Prof. Wolff provides updates on top bankers' pay, bad auto corps' decisions, deflation, and socialist economics. Interview with Dr. Harriet Fraad on...READ MORE

Despite a concerted effort by the U.S. Empire to snuff out the ideology, a 2016 poll found young Americans have a much more favorable view of socialism than capitalism.

Though he died 133 years ago, the analysis put forward by one of the world’s most influential thinkers, Karl Marx, remains extremely relevant today. The Empire’s recent rigged presidential election has been disrupted by...READ MORE

On this week's episode of Economic Update, Prof. Wolff provides updates on FED decision, struggles over China trade and Brexit, and fascism. Major discussions: (1) critique of capitalists' "job creation" and...READ MORE

Prof. Wolff joins Rob Lorei of WMNF, Tampa's community radio, and dissects the economics of higher tariffs of imported goods, as proposed by Donald Trump, the US corporate tax rate compared to other countries and the financial viability of an increased minimum wage.