Prof. Wolff joins Thom Hartmann's The Big Picture to discuss the financialization of our economy, why the fed is unwinding stimulus and how US consumers are set to be given power to sue banks.
Prof. Wolff joins acTVism Munich to talk about the different political ideologies.
Global Capitalism: "Evaluating 6 months of the Trump/GOP economy"
with Richard D. Wolff
Co-sponsored by Democracy at Work, Left Forum & Judson Memorial Church
Prof. Wolff talks with acTVism Munich about the Basic Universal Income and whether it poses any dangers. In addition, he discusses the role of technological progress in our society and how it should be implemented in the workplace.
On this week's show, Prof. Wolff provides updates on car loans, sales showing falsity of "recovery" claims, airline profits vs service, the G-20 meetings coordinate global austerity, July 4 and capitalism, and the...READ MORE
On this week's episode, Prof.Wolff presents updates on European sanctuary cities, McDonald's automation, Travis Kalanic, and...READ MORE
Prof. Wolff joins Thom Hartmann on The Big Picture RT to discuss the GOP healthcare bill. As Republicans push for this murderous healthcare, Americans are literally dying, increasingly as a result of opioid overdoses. Does this omnipresence of death in American society tell us something about capitalism?
On this week's show, Prof. Wolff presents updates on declining Cal State University system, Trump vs coal industry realities, Hudson Yards for mega-rich vs New York's social needs, lotteries' and legalized...READ MORE
Prof. Wolff joins acTVism Munich to talk about the role of banks and insurance corporations in our society and how to reform them.
On this week's show, Prof. Wolff presents updates on Oklahoma cuts funds for public schools, why Americans dont take paid vacations owed them, how coal/oil companies fight solar/wind companies to buy...READ MORE
Prof. Wolff talks with acTVism Munich about the state of the European political system and whether there are any examples to draw from that could improve the economic condition of working people.
Prof. Wolff talks with acTVism Munich about the US political system and Bernie Sander's role in the Democratic Party.
On this week's show, Prof. Wolff presents updates on California, Nevada steps toward universal medical insurance, Toronto housing bubble, Air Traffic Controllers and the...READ MORE
Prof. Wolff joins Thom Hartmann on The Big Picture RT to discuss President's Trump's latest proposal of privatizing air traffic traffic control.
Most Americans have never recovered from the recession of 2008 and the outsourcing, mechanizing, robotizing and computerizing of their jobs. Men’s salaries and working conditions have been deteriorating since the mid 1970s. Women’s salaries have increased to...READ MORE
On this week's show, Prof. Wolff presents updates on big banks fix rates, IRS checks on churches, CEOs' pay rises fastest to worsen US inequality. On the second half of the show, Prof. Wolff will discuss in more detail...READ MORE
Prof. Wolff joins Thom Hartmann on The Big Picture RT to discuss a new kind of socialism. With democratic socialism on the rise all over the Western world right now, how can the resurgent left seize this moment - and the means of production?
On this week's show, Prof. Wolff talks about Trump's 2018 budget, Ford's undemocratic decisions, US opioid epidemic, Swiss vote to end nuclear power, Harley-Davidson moving jobs overseas, Canada outlaws...READ MORE
(Photo: Susannah Kay / The New York Times)
This article originally appeared at Truthout.org
Capitalism as a system is now increasingly challenged. Critics proliferate and steadily deepen their opposition (alongside, of course, the persistence of capitalism's defenders). Yet capitalism's traditional "other" -- namely, socialism -- has also been widely devalued. It has lost its position as the goal (however variously interpreted) for anti-capitalist social movements. When not simply ignored, socialism (and even more its derivative "communism") is often treated as utterly passé. When taken seriously, it is mostly a vague rhetorical gesture expressing criticism of the capitalist status quo, not advocacy of a concrete alternative. Socialist parties now mainly support capitalism but with a human face -- i.e. with the social supports and safety nets that their "conservative" counterparts disdain.