A Patron of Economic Update asks: "Hello Prof. Wolff, I came across this article that shows there’s a study on 'Re-imagining' Capitalism (https://hewlett.org/newsroom/major-philanthropies-launch-effort-to-establish-multidisciplinary-centers-at-leading-academic-institutions/). Why is the Hewlett Foundation engaging Howard University’s Center for an Equitable and Sustainable Society? Could this be a way of making capitalism favorable to excluded and disfranchised people of color finally, or is it something finessing the issue? With no real commitment to rewrite the ills capitalism has caused to the black community and other minority groups?"
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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