Economic Update: Karl Marx, 1818-1883

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This week on Economic Update, Professor Richard D. Wolff delivers updates on global capitalism's extreme inequality (Oxfam report), Victoria's Secret's billionaire owner, why immigration is a “weapon of political distraction”, how the GOP...

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Economic Update: Capitalism's Excuse: Blame Govt

On this week's show, Professor Richard D. Wolff delivers updates on on capitalist fishing industry self-destructs, how malls mirror US capitalism, blaming government self -destructs in Oklahoma, renationalizing...

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Wall Street vs Workers: Minsky, Marx, and Capitalist Crisis

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What Hyman Minsky and Karl Marx can teach us about the recent fluctuation in global stock markets, speculative finance, capitalists and their workers.

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Democratizing the Workplace through “Worker Self-Directed Enterprises”

This article originally appeared at artsforum.ca

Contemporary capitalism no longer “delivers the goods” (which is understood as a rising standard of real wages) to the majority of people.  That classic defense of its instability (e.g. recurrent bouts of unemployment), its deepening economic, political, and cultural inequalities, and its attendant injustices is no lon­ger plausible.  In the U.S. since...

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