A New Empire, a Multipolar World, or a Post-Capitalist System?

I want to talk with you about the emerging new world economic order…

Prof Wolff isn’t afraid to tell the truth: the landscape of capitalism is changing, and it’s important to understand. That’s what the new episode of Economic Update: The Emerging New World Economy accomplishes. 

  1. Capitalism has shifted from neoliberal globalization to nationalistic capitalism.
  2. There’s no longer a great battle between private (capitalism) or government (socialism). Most modern countries use private and state capitalism in a hybrid model. 
  3. The U.S. empire is in decline.
  4. What comes next: a new empire, a multipolar world, or a new post-capitalist system that replaces employer-employee workplace organizations (private and public) with democratically run worker cooperative organizations?

Watch this Economic Update on YouTube or listen on your favorite podcast player.

If you liked this episode and want to learn more, we have some exciting news for you. Democracy at Work will soon be publishing a new book by Richard Wolff which defines and explains our capitalist system and why we can do better! Stay tuned for more news about this exciting project!

Until then, catch up on all the new episodes of Economic Update in Season 13 below!

Today's Medicare for All Battle with Dr. William Bronston
Wolff interviews Dr. William Bronston, advocate for single-payer health care in the US.

When We Put People First in US Politics
A discussion of how US history of the 1920s and 1930s shows the possibility of a progressive political shift and upsurge in the US today.

The Marxist Tradition
Wolff discusses the history and diversity of Marxist theories and practices that comprise the Marxist tradition.

Why the US Constitution is an Obstacle to Change with Robert Ovetz
Wolff interviews Prof. Robert Ovetz on how and why the US Constitution blocks social change.

How Austerity Paves the Way for Fascism with Clara Mattei
Wolff interviews Prof. Clara Mattei on her new book "Capital Order: How Economists Invented Austerity and Paved the Way to Fascism."

Social Security, Ohio Derailment, Puerto Rican Poverty - US Capitalism Provokes with Alexis Colón
Wolff interviews Alexis Colón about the colonial status of Puerto Rico and Puerto Ricans fighting against it.

Establishment Media & Russia with Aaron Maté
Wolff interviews Aaron Maté, independent US media critic with special expertise on Russia.

Are Mega-Corporations Ruining Our World?
Wolff presents a critique of monopoly and oligopoly, popular control over mega-corporations, the fight back by mega-corporations to nullify reforms and some real solutions to the social problem and costs of an economy dominated by mega-corporations.

Inequality’s Insidious Spread - COVID-19, India, Insurance with Dr. Stephen Bezruchka
Wolff interviews Dr. Stephen Bezruchka on how deeply and globally inequality endangers health with special attention to the US and Covid-19.

Unionization, Marxism & Education with David Ruccio
Wolff interviews Notre Dame Professor Emeritus David F. Ruccio on Marxian economics, its absence from US universities, and its social insights.

2023 World Economic Trends
Prof. Wolff identifies and examines the larger economic dimensions and trends of three key aspects of today's global economy: Russia/Ukraine war, Europe's quandary, and the decline of the US empire

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