Economic Democracy

  • Democracy Now!: Detroit a "Spectacular Failure"

     

    Professor Wolff joins Amy Goodman to discuss President Obama's "Drop Dead" moment for Detroit.

    A transcript of this video is available at Portside.

  • Detroit's Decline Is a Distinctively Capitalist Failure

    This article originally appeared at The Guardian.

    A Catalan translation of this article is available at Espai Fàbrica.

    Capitalism as a system ought to be judged by its failures as well as its successes.

  • The Opposite of What the Marchers Demanded

    This article originally appeared at Moyers & Company.

    The March on Washington aimed to secure a decent, livable wage for all Americans as a way to reduce income inequality. Fifty years later, that noble goal remains unachieved. In fact, the 1970s proved to be a turning point. The decades since show a steady decline in the share of national income going to the lower 50 percent and, indeed, to the lower 90 percent of American households.

  • Breaking the Set: Bailing Out Detroit

     

    Richard Wolff joins Abby Martin on RT's "Breaking the Set" to discuss Detroit's bankruptcy.

  • Economic Update: Economics and Religion

    Updates on Fiat labor struggles in Italy, stagnating real wages in US, capitalist corruption (US, China, Russia), "eminent domain" helps homeowners against foreclosure. Interview with Dr. Obery Hendricks, Jr., professor of religion and biblical studies: how the bible contradicts conservatives' interpretations. Responses to listeners on workers coops forming in Italy, how workers coops can manage growth, and US capitalists substituting stock for cash in paying workers.

  • RT CrossTalk: Class Globalization

     

    Richard Wolff joins RT's Peter Lavelle and Mark Levine on "CrossTalk." What does a globalized middle class mean for global capitalism? Has the system actually reformed itself since the 2008 slump? And, does the world have the resources to accommodate the demands of the rising middle class?

  • Economic Update: How the System Works

    Updates on rich investors buying up and converting foreclosed homes into rental properties, insurance companies prove that allowing guns into schools do not make them safer, gross pay packages for CEOs, effective corporate tax rates far below official 35%, US non-financial corporations hoarding cash, Australian pawn broker records fastest growth in country's retail sector. Major discussions of (a) IMF report on slowing global economy, and (b) why austerity and stimulus programs both do not work. Responses to listeners' question on state of Puerto Rican economy.

  • Economic Update: Economic Decline Mounts

    Updates on political economy of "internships," Philadelphia public schools disaster, Obama criticized by South African unions. Major discussions of social costs of financial crises, "quantitative easing" policies, and the contradictions of capitalism (part 1). Response to question on workers self-directed enterprises as means for transition beyond capitalism.

    On Economic Update with Professor Richard Wolff, Wolff and guests will discuss the current state of the economy, both locally and globally in relation to the economic crisis.

  • The Social Power of Marxism

    This interview was originally published in Greek in Eleftherotypia. The text of the Greek-language version appears here below the English.

  • Economic Update: Economic Realities

    Updates on G8 and Bernanke "shows", Turkey vs Brazil protests, Europe's austerity, drug companies "pay to delay." Major discussions of crisis in financing public education and of lotteries as disguised tax increases. Responses to listener questions on job losses from progress, worker coops' survivability, capitalism and democracy, and campaign financing reform.

  • Richard Wolff on G8 Leaders and Tax Evasion

     

    Professor Wolff joins CCTV Anchor Phillip Yin to talk about the decision by leaders of the G8 to tackle to the issue of tax evasion

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