On the Meaning of Capitalism, We Don't Agree

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This article originally appeared at Truthout.org

Within conversations on the left, many of us use the term "capitalism," but we aren't all using it to mean the same thing. Among both its champions and opponents, capitalism acquired too many different meanings over the 200 to 300 years of its global ascendancy. I am sometimes faulted for using the term as if everyone knew and agreed on its meaning, when that is not the case. My critics demand instead...

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Economic Update: Lessons About and From Socialism

On this week's episode of Economic Update, Prof. Wolff provides updates on the economic significance of Sanders' Iowa vote, Keynes on risks of revolution against capitalism, costs of oil market collapse. Interview with...

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Global Capitalism: February 2016 Monthly Update

Demands for Basic Economic Change Keep Growing

Co-sponsored by Democracy at Work, Left Forum, and Judson Memorial Church

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

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Economic Update: How Markets Fail

On this week's Economic Update, Prof. Wolff provides updates on Johnson Controls Corp evades taxes, Disney sued over abuse of HB-1 visa system, French workers strike against austerity and against socialist government; response to listeners on...

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How Two-Party Political Systems Bolster Capitalism

 

This article originally appeared at Truthout.org.

The two-major-party arrangement both allows for disagreements yet also keeps dissent bounded by common commitments to reproduce capitalism. 

 

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