Economic Update: Economic Change: Why and How

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On this week's Economic Update, Prof. Wolff provides updates on CEO pay, new book on inequality, US estate and inheritance taxes. Interview with Alan Schulman, coordinator Democracy at Work New York City.

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Showing 6 comments

  • followed this page 2016-10-19 11:10:52 -0400
  • commented 2016-06-22 22:04:19 -0400
    Every person’s life is priceless. When a person’s body dies the person may cease to exist forever, so that makes it even more important that each person have the greatest opportunity to live a fulfilling life. Therefore, interfering with the ability of a person to live their life to the fullest is a terrible crime. Using more resources than are necessary to create a humane standard of living, murder, slavery, conquest and theft are various ways to commit this crime.
  • commented 2016-06-21 20:55:33 -0400
    I recently was on a socialist page that creates memes. One of the memes they put up depicted a ku klux klan member on fire, with the captions saying burn clan-members, not crosses. I was called a lib (as an insult) for trying to say that violence begets violence. I believe it is wrong and that it never solves anything, which lead me to be be verbally accosted afterwards. Part of me had a moment of cognitive dissonance after this occurred, not knowing whether pure pacifism was acceptable in Marxian ideology. If professor Wolff could discuss this issue it would be most appreciated.
  • commented 2016-06-21 02:15:31 -0400
    What are some examples of worker co-ops? I used to work at the Harvard Kennedy School in their Executive Education department, but after nearly 8 years, I just had to leave because at the end of the day, the bottom line is what mattered and the management did not care if employees needed to be abused in the process. I have been living off savings for the last 2.5 years and really trying to understand how people should treat each other, but I have avoided getting a job so far, because I don’t want to work in an organization that is only concerned with producing profits at the expense of employees and which only pays lip service to the idea that people should be treated with respect. It would be nice to work with people who actually want to truly contribute to the well being of each employee as well as society at large.
  • commented 2016-06-21 02:11:24 -0400
    Has anyone developed an alternative to the profit motive? I thought of the idea of a humaneness motive the other day (I’m sure others have too), where instead of being motivated by the desire for money one would be motivated by the desire to create a humane standard of living for everyone.
  • commented 2016-06-21 02:08:30 -0400
    Thank you for making this video. I have been spending a lot of time on YouTube in the comments section of various videos challenging the smug notions of people who defend Capitalism. Is there a website where answers to common statements made by those who believe in Capitalism are provided? For example, one person today said that Capitalism has lifted 800 million people out of poverty in China. I responded with an article about how workers making the iPhone have been jumping off buildings because working conditions have been so bad. I don’t have to work, so I can do this full time for now, but it would be nice to have a set of responses rather than having to invent them on my own – even though that is educational as well.
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