A Patron of Democracy at Work asks: "The focus on economic growth, something you talked about in the September 2022 Global Capitalism lecture, seems misplaced, at least for rich nations. I'm reminded of the Kenneth Boulding quote from the early 1970’s—“Anyone who believes that exponential growth can go on forever in a finite world is either a madman or an economist.” Can you please give your perspective on the obsession with economic growth that is seen almost everywhere? There is a degrowth movement which I believe you have mentioned in a discussion of capitalism. Where would economic growth stand in a socialist perspective?"
This is Professor Richard Wolff's video response.
Ask Prof Wolff is a Democracy At Work production.
We are committed to providing these videos to you free of ads. Please consider supporting us with a monthly donation. Recurring gifts are especially appreciated because they enable us to plan for the future. Learn how we thank our monthly donors.
Do you have a question for Prof Wolff? With the Ask Prof Wolff series we hope to thank the [email protected] donors that ensure we can keep [email protected] shows free to everyone, while making video responses public so that everyone may benefit from the question and response. Become a monthly supporter of [email protected] and submit your question today!
Follow us ONLINE:
“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.”
Check out all of [email protected]’s books: "The Sickness is the System," "Understanding Socialism," by Richard D. Wolff, and “Stuck Nation” by Bob Hennelly at http://www.lulu.com/spotlight/democracyatwork