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Ask Prof Wolff: Capitalism is Unstable… and It’s Designed That Way

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Patron of Democracy at Work asks: "Are any complex systems eternally homeostatic? Cyclic behavior is a euphemism for millions of people will lose their jobs and homes, quit school, etc. I don't think that anyone imagines an economic system sans fluctuations. That would be truly Utopian. Or dystopian rather because fluctuations can be rightly considered a healthy feature of complex systems. But my overall impression in listening to professor Wolff is that these instabilities are borne in no small measure from the fundamental tensions that constitute the employer/ employee relationship."

This is Professor Richard Wolff's video response.

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