Richard Wolff: Mr. Trump, the biggest single cause of Americans interest in socialism is because the economy, the capitalist economy you represent, hasn’t worked real well for the majority of people.
Richard D. Wolff: Capitalism’s fundamental political problem is its class division between a small number of people who are employers and the majority who are employees.
Richard D. Wolff: We will all be better off when the current narrowness of economics is opened up to include more basic proposals for change adequate to the depth and scope of capitalism’s current problems.
Richard D. Wolff: The claim that the Chinese are stealing our intellectual property—chiefly production technologies—is largely bogus
Richard D. Wolff: While both parties readily describe themselves as capitalist or pro-capitalist, it is especially their oscillation in office that sustains capitalism.
Richard D. Wolff: There’s a problem with this resurgence of interest in socialism, however. People cannot agree on what the term actually means.
Richard Wolff: Revulsion is building towards the smokescreens of hypocrisy, racism, and nationalism barely masking capitalism’s ongoing failure to provide the jobs and incomes people need
Richard Wolff: Even though Marx devoted much of his life to the research and exposition of his new surplus conception of class, many readers and followers since have missed the originality of his new and different concept.
Thought-provoking economist Richard Wolff returns to Los Angeles to discuss the divisive crisis of capitalism under President Donald Trump and to outline better solutions.
Richard D. Wolff: The Trump/GOP budget will result in huge deficits of the sort the GOP has usually used to attack Democrats.
Richard Wolff: The truths of younger generations, now spoken ever louder to power, are also wakening to the need for an alliance with a socially effective power to contest against both the GOP and the Dems.
Richard Wolff: Given the conditions of global capitalism in the new century, a trickle down policy for the post-2008 US meant that “recovery” would be slow and bypass millions.
Thought-provoking economist Richard Wolff returns to Los Angeles to discuss the extreme downturn in most of capitalism’s old centers, the unequal growth in its new centers, and the resurgence of a global speculative bubble, making the case that the Great Recession should not be grasped as a passing moment, but as an evolving stage in capitalism’s unfolding history.