Poverty Has Always Accompanied Capitalism

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This article originally appeared at Truth-out.org.

Mark Karlin: Let's start with the a statement from the preface of your book: "Questioning the capitalist system, let alone discussing system change, simply does not occur to mainstream academics and the journalists and politicians they trained. Such discourses are repressed." How is an open public discussion of capitalism stifled?   

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Economic Update: What Brexit Means

On this week's episode of Economic Update, Prof. Wolff provides updates on new Puerto Rico deal, French street battles, German leaders' need humility, fake Cleveland revitalization, selling out national parks. Major analysis of...

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Economic Theorists: The High Priests of Capitalism

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This article originally appeared at Truth-out.org.

People have always chosen among different co-existing economic theories to understand the world and to act within it. Who chooses which theory, consciously or not, shapes world history. Disagreements over Brexit emerged partly from different ways of understanding the British economy and its relation to Europe. Donald Trump's support...

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Global Capitalism: June 2016 Monthly Update

“The Costs of Capitalist Decline in North America and Europe

These programs begin with 30 minutes of short updates on important economic events of the last month. Then Wolff analyzes several major economic issues.  For June, these will include:

 

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Puerto Rico: Wanted, Used, Depleted

Puerto Rico Wanted Used Depleted
This article has also been translated into Spanish and Italian.

Since Governor Alejandro García Padilla of Puerto Rico announced that its debts were not payable, mainstream media has shown a great interest in the archipelago. Combine a government debt between $70 and $73 billion, a shrinking population of about 3.5 million American citizens, and a subordinate political status, this US territory is at an unprecedented moment in its history. With all the attention Puerto Rico is receiving, most people are left scratching their heads, wondering how this economic crisis came about.

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