A Patron of Economic Update asks: "The Australian people have just voted to remove the authoritarian conservative government, which recorded its worst election result in 70 years. The Greens (our main left-of-centre option in Aus) recorded it's highest vote in its 30-year history and will hold the balance of power in the Senate. With the combined third-party vote now roughly equal to either major party, many are now realizing for the first time that there is an alternative to the two-party elite consensus. For many young people this is the first win for the left they have ever experienced and their energy this week is inspiring. I do fear, however, that the elite backlash (particularly given our right-wing media bias) will be severe over the next three years. Many of us here would greatly appreciate your advice on how a movement can withstand that push-back and continue to offer optimism."
This is Professor Richard Wolff's video response.
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“Marxism always was the critical shadow of capitalism. Their interactions changed them both. Now Marxism is once again stepping into the light as capitalism shakes from its own excesses and confronts decline.”
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