Socialism and Workers' Self-Directed Enterprises
This article originally appeared in The Monthly Review.
Global capitalism has huge problems coping with the second worst collapse in its history. Its extreme and deepening inequalities have provoked millions to question and challenge capitalism. Yet socialists of all sorts now find it more difficult than ever to make effective criticisms and offer alternatives that inspire.
(More...)Capitalism’s Deeper Problem
Recent press reports refer to troubling price increases for such assets as real estate, government bonds, companies targeted for acquisition and artwork. A New York Times front-page headline read “The Everything Boom, or Maybe the Everything Bubble.”
(More...)Giant Corporations, Giant Failures
General Motors recently released the report it commissioned from the huge Jenner & Block law firm. The latter's chairman, Anton Valukas, investigated how and why GM failed - for over 10 years - to recall cars it produced while knowing they had defective ignition switches. The eventual recall of 2.6 million Chevrolet...
(More...)Better than Redistributing Income
Widening gaps between rich and poor, the top 1% and the rest, are heating up debates, struggles and recriminations over redistributing income. Should governments' taxing, spending, and regulatory powers redistribute income from the wealthy to others, and if so, how exactly? As opinions and feelings polarize, political conflicts sharpen.
(More...)Why No Sustained Protests (Yet)?
The organized post-1945 destruction of the New Deal coalition - unionists, socialists and communists - and the failure to replace those organizations help explain the muted reaction to the bailouts, austerity and other anti-democratic policies pursuedby US governments at all levels.
(More...)The Progressive Interview
Richard Wolff has emerged as one of the most prominent progressive economists in America. He appears on Free Speech TV, Link TV, and Pacifica Radio, and has been a repeat guest on Bill Moyers’s program, as well as appearing on Charlie Rose’s show...
(More...)Interview with RoosterGNN: Is Capitalism Digging Its Own Grave?
NEW YORK CITY, U.S.A. The economic crisis of 2008 has shown the dark side of capitalism. Due to irresponsibility and risky behavior at the most powerful financial institutions...
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Dialogos Radio Interviews Professor Wolff
An interview with renowned economist Richard Wolff, discussing the current economic situation in Greece, Europe and the United States, plus his proposal for moving on to a new, postcapitalist system. In English. Aired March 20-21, 2014.
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