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acTVism Podcast | deutschDie große Lüge der Globalisierung – Prof. Richard D. WolffWie Sie sich an unserem Crowdfunding beteiligen können:
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In diesem Beitrag zeichnet Professor Richard D. Wolff nach, wie sich die Globalisierung in den Vereinigten Staaten von einer gefeierten Wirtschaftsstrategie zu einem Auslöser sozialer und politischer Gegenreaktionen entwickelte. Er zeig...
2026-01-0832 min
Economic Update with Richard D. WolffResisting Trump's Restoration Project with Kali AkunoThis week on Economic Update, Professor Richard Wolff examines a major labor strike unfolding in California, where 2,400 Kaiser Permanente mental health workers are fighting for better conditions. Next, we break down how tariffs function as an economic weapon, undermining the living standards of U.S. workers. Finally, Professor Wolff sits down with Kali Akuno, co-founder and co-director of Cooperation Jackson, to discuss Trump’s controversial "restoration" agenda and the growing resistance against it. Kali Akuno is the co-founder and co-director of Cooperation Jackson, a network of worker cooperatives and community-led programs that sustain and grow a...
2025-04-2932 minEconomic Update with Richard D. WolffResisting Trump's Restoration Project with Kali AkunoThis week on Economic Update, Professor Richard Wolff examines a major labor strike unfolding in California, where 2,400 Kaiser Permanente mental health workers are fighting for better conditions. Next, we break down how tariffs function as an economic weapon, undermining the living standards of U.S. workers. Finally, Professor Wolff sits down with Kali Akuno, co-founder and co-director of Cooperation Jackson, to discuss Trump's controversial "restoration" agenda and the growing resistance against it. Kali Akuno is the co-founder and co-director of Cooperation Jackson, a network of worker cooperatives and community-led programs that sustain and grow a...
2025-04-2932 minEconomic Update with Richard D. WolffSolidarity Cities as Alternatives to Capitalism**** SPECIAL ANNOUNCEMENT **** For those of you in the New York area, we'd like to invite you to join us for another presentation of "Global Capitalism Live with Professor Richard Wolff" taking place on April 30th. Professor Wolff will be giving a lecture on the impact of President Trump’s economic policies and explaining how they are an attack on working people as part of a reflection on May Day. This event will be held in person in the main lecture hall at the Women Building Up campus at 401 State Street in Brooklyn, NY. Seats are limited but you ca...
2025-04-2231 minEconomic Update with Richard D. WolffSolidarity Cities as Alternatives to Capitalism**** SPECIAL ANNOUNCEMENT **** For those of you in the New York area, we'd like to invite you to join us for another presentation of "Global Capitalism Live with Professor Richard Wolff" taking place on April 30th. Professor Wolff will be giving a lecture on the impact of President Trump's economic policies and explaining how they are an attack on working people as part of a reflection on May Day. This event will be held in person in the main lecture hall at the Women Building Up campus at 401 State Street in Brooklyn, NY. Seats are limited but you can...
2025-04-2231 min
A Public AffairCapitalism, Corporations, and Co-ops with Richard D. Wolff
On today’s show, host Allen Ruff talks about the state of the US in the world economy with economist Richard D. Wolff. They discuss the sweeping cuts in the federal workforce, how the US is isolating itself through Trump’s tariffs, the value of the dollar, Trump’s threat to Social Security, and the 2017 tax cuts to the rich that lead to the US government’s borrowing from corporations and the wealthy.
Wolff says that we’re seeing the end of the American Empire. From WWII to the early twenty-first century, the US enjoyed...
2025-03-1354 minEconomic Update with Richard D. WolffCapitalism, Lost Empathy and Rising AddictionsIn this week's episode of Economic Update, Professor Wolff discusses Trump's attempts at taking Panama as more evidence of rising colonialism and imperial ambitions, the recent organizing and strike of 10,000 Colorado grocery workers, and finally, corporations and investment funds abandoning DEI. In the second half of the show, Prof. Wolff interviews psychotherapist Tess Fraad-Wolff on capitalism's causal links to declining empathy and rising addictions. The d@w Team Economic Update with Richard D. Wolff is a DemocracyatWork.info Inc. production. We make it a point to provide the show free of ads and rely on v...
2025-02-1821 minEconomic Update with Richard D. WolffCapitalism, Lost Empathy and Rising AddictionsIn this week's episode of Economic Update, Professor Wolff discusses Trump's attempts at taking Panama as more evidence of rising colonialism and imperial ambitions, the recent organizing and strike of 10,000 Colorado grocery workers, and finally, corporations and investment funds abandoning DEI. In the second half of the show, Prof. Wolff interviews psychotherapist Tess Fraad-Wolff on capitalism's causal links to declining empathy and rising addictions. The d@w Team Economic Update with Richard D. Wolff is a DemocracyatWork.info Inc. production. We make it a point to provide the show free of ads and rely on v...
2025-02-1821 minEconomic Update with Richard D. WolffThe View from PrisonIn this week's episode of Economic Update, Professor Richard Wolff delivers updates on the North Carolina union election at an Amazon warehouse, the deportation of immigrants, and the U.S. construction industry, a lesson in how capitalism installs new technology like A.I. and how it could be far better done. In the second half of this week's episode, Professor Wolff interviews Serena Martin, a formerly incarcerated social activist and executive director of New Hour for Women and Children. The d@w Team Economic Update with Richard D. Wolff is a DemocracyatWork.info Inc. production. W...
2025-02-1130 minEconomic Update with Richard D. WolffThe View from PrisonIn this week's episode of Economic Update, Professor Richard Wolff delivers updates on the North Carolina union election at an Amazon warehouse, the deportation of immigrants, and the U.S. construction industry, a lesson in how capitalism installs new technology like A.I. and how it could be far better done. In the second half of this week's episode, Professor Wolff interviews Serena Martin, a formerly incarcerated social activist and executive director of New Hour for Women and Children. The d@w Team Economic Update with Richard D. Wolff is a DemocracyatWork.info Inc. production. W...
2025-02-1130 minEconomic Update with Richard D. WolffFinancializing Public Universities for Wall Street's BenefitOn this week’s episode of Economic Update, Professor Richard Wolff addresses the numerous requests for financial planning or investment advice that he receives from many of you. We touch on the truth about investing in the stock and/or bond markets. In addition, Professor Wolff offers a basic understanding of the economics of US capitalism's century-long, profit-driven failure to adequately provide housing to its people. Finally, an interview with Professors Eleni Schirmer and Sofya Aptekar about their new book "Lend and Rule", from Common Notions Press, and their fight against the financialization of US public universities, and...
2024-10-0130 minEconomic Update with Richard D. WolffFinancializing Public Universities for Wall Street's BenefitOn this week's episode of Economic Update, Professor Richard Wolff addresses the numerous requests for financial planning or investment advice that he receives from many of you. We touch on the truth about investing in the stock and/or bond markets. In addition, Professor Wolff offers a basic understanding of the economics of US capitalism's century-long, profit-driven failure to adequately provide housing to its people. Finally, an interview with Professors Eleni Schirmer and Sofya Aptekar about their new book "Lend and Rule", from Common Notions Press, and their fight against the financialization of US public universities, and w...
2024-10-0130 minEconomic Update with Richard D. WolffWorsening Economic Inequality Yields Worsening Social ConditionsOn this week’s Economic Update, Professor Richard Wolff discusses Kate Pickett's and Richard Wilkinson's best-selling study in the book "The Spirit Level" (2009), showing how economic inequality correlates with most of the major social problems of our time. We will juxtapose their latest paper "The Spirit Level at 15: The Enduring Impact of Inequality" Which details how economic inequality has only gotten worse since the past fifteen years, despite government laws and programs aimed to "reduce" inequality. Wilkinson and Pickett show how inequality leads to severe social ills, divisions, and disintegration. What we need is to face...
2024-08-2729 minEconomic Update with Richard D. WolffWorsening Economic Inequality Yields Worsening Social ConditionsOn this week's Economic Update, Professor Richard Wolff discusses Kate Pickett's and Richard Wilkinson's best-selling study in the book "The Spirit Level" (2009), showing how economic inequality correlates with most of the major social problems of our time. We will juxtapose their latest paper "The Spirit Level at 15: The Enduring Impact of Inequality" Which details how economic inequality has only gotten worse since the past fifteen years, despite government laws and programs aimed to "reduce" inequality. Wilkinson and Pickett show how inequality leads to severe social ills, divisions, and disintegration. What we need is to face th...
2024-08-2729 minEconomic Update with Richard D. WolffCapitalism vs Patriarchy W/Tess Fraad-WolffOn this week’s Economic Update, Professor Richard Wolff discusses the growing Labor movement and the nuclear disarmament movements in the United States; we will also examine the economic impacts of people under 50 not having nor wanting to have children; we highlight the UK Conservatives fearmongering claiming Free Speech is in danger from "cancel culture" and how anti "cancel culture" legislation was blocked by the new Labor gov't; We also discuss an Ohio court ruling that favors employers over the general public around boneless chicken that had bones. Finally, we end the show with an interview with psy...
2024-08-2030 minEconomic Update with Richard D. WolffCapitalism vs Patriarchy W/Tess Fraad-WolffOn this week's Economic Update, Professor Richard Wolff discusses the growing Labor movement and the nuclear disarmament movements in the United States; we will also examine the economic impacts of people under 50 not having nor wanting to have children; we highlight the UK Conservatives fearmongering claiming Free Speech is in danger from "cancel culture" and how anti "cancel culture" legislation was blocked by the new Labor gov't; We also discuss an Ohio court ruling that favors employers over the general public around boneless chicken that had bones. Finally, we end the show with an interview with psychotherapist T...
2024-08-2030 min
Ask Prof WolffASK PROF WOLFF LIVE (RECAP) - 04-08-2024In today's "Ask Prof. Wolff Live," the discussion will cover the potential Marxist themes in Shakespeare's works, the distinctions between employee stock ownership programs (ESOP) and work cooperatives, and the concerning practices of investors buying up tangible assets and private equity firms acquiring starter homes. Professor Wolff will then take live questions from the audience on these and other economic and social topics. Ask Prof Wolff is a @democracyatwrk production. We are committed to providing these videos to you free of ads. Please consider supporting us on Patreon.com/democracyatwork. Become a part of the growing Patreon co...
2024-04-1747 min
Ask Prof WolffASK PROF WOLFF LIVE (RECAP) - 03-20-2024This week on Ask Prof Wolff Live, we explore anti-inflationary measures implemented by central banks, the rationale behind income caps subject to social security tax, and the potential implications of transitioning from a socialist or communist economy to a wartime footing. Ask Prof Wolff is a @democracyatwrk production. We are committed to providing these videos to you free of ads. Please consider supporting us on Patreon.com/democracyatwork. Become a part of the growing Patreon community and gain access to exclusive patron-only content, along with the ability to ask Prof. Wolff questions like this one! Your support als...
2024-03-2759 min
Economic Update with Richard D. WolffPatriarchy and Capitalism[EU S14 E11] Patriarch and Capitalism This week’s Economic Update Professor Richard Wolff discusses the UAW union’s latest moves. Their organizing drives at auto plants, their efforts to form unions among employed and free-lance journalists. In addition, we will highlight New York Governor Kathy Hochul’s decision to deploy national guard troops in New York City subways and what that means for everyday residents. Finally, an interview with psychotherapist Tess Fraad-Wolff on interactions between patriarchy and capitalism, today. The d@w Team Economic Update with Richard D. Wolff is a DemocracyatWork.info Inc. produc...
2024-03-1929 minEconomic Update with Richard D. WolffPatriarchy and Capitalism[EU S14 E11] Patriarch and Capitalism This week's Economic Update Professor Richard Wolff discusses the UAW union's latest moves. Their organizing drives at auto plants, their efforts to form unions among employed and free-lance journalists. In addition, we will highlight New York Governor Kathy Hochul's decision to deploy national guard troops in New York City subways and what that means for everyday residents. Finally, an interview with psychotherapist Tess Fraad-Wolff on interactions between patriarchy and capitalism, today. The d@w Team Economic Update with Richard D. Wolff is a DemocracyatWork.info Inc. production. We make...
2024-03-1929 minAsk Prof WolffASK PROF WOLFF LIVE (RECAP) - 03-06-2024Stay connected with the latest news from d@w. Join our mailing list today: https://www.democracyatwork.info/sign_up In this installment, Prof. Wolff discusses the impact on children's autonomy, explores the intersections of class struggle with other forms of oppression, and unravels the intriguing concept of "Scientific Socialism." Following the insightful discussion, Prof. Wolff addresses a range of questions from the audience, providing deeper understanding and perspectives on these critical topics. Ask Prof Wolff is a @democracyatwrk production. We are committed to providing these videos to you free of ads. Please consider supporting us...
2024-03-0739 minAsk Prof WolffASK PROF WOLFF LIVE (RECAP) - 02-21-2024 Stay connected with the latest news from d@w. Join our mailing list today: https://www.democracyatwork.info/sign_up Join this special iteration of "Ask Prof Wolff" Every Wednesday at 2PM (Eastern) Live on D@W YouTube Page. Professor Wolff will respond to your questions live! This is Professor Richard Wolff's video response. Submit your own question to be considered for a video response by Prof. Wolff on Patreon: https://www.patreon.com/democracyatwo.... Ask Prof Wolff is a @democracyatwrk production. We are committed to providing these videos to yo...
2024-02-281h 00Ask Prof WolffASK PROF WOLFF LIVE (RECAP) - 01-17-2024 Stay connected with the latest news from d@w. Join our mailing list today: https://www.democracyatwork.info/sign_up Join this special iteration of "Ask Prof Wolff" Every Wednesday at 2PM (Eastern) Live on D@W YouTube Page. Professor Wolff will respond to your questions live! This is Professor Richard Wolff's video response. Submit your own question to be considered for a video response by Prof. Wolff on Patreon: https://www.patreon.com/democracyatwo.... Ask Prof Wolff is a @democracyatwrk production. We are committed to providing these videos to yo...
2024-02-2846 minAsk Prof WolffASK PROF WOLFF LIVE (RECAP) - 12-13-2023Stay connected with the latest news from d@w. Join our mailing list today: https://www.democracyatwork.info/sign_up Join this special iteration of "Ask Prof Wolff" Every Wednesday at 2PM (Eastern) Live on D@W YouTube Page. Professor Wolff will respond to your questions live! This is Professor Richard Wolff's video response. Submit your own question to be considered for a video response by Prof. Wolff on Patreon: https://www.patreon.com/democracyatwo.... Ask Prof Wolff is a @democracyatwrk production. We are committed to providing these videos to yo...
2023-12-2048 min
Ask Prof WolffASK PROF WOLFF LIVE (RECAP) - 11/8/2023Stay connected with the latest news from d@w. Join our mailing list today: https://www.democracyatwork.info/sign_up Join this special iteration of "Ask Prof Wolff" Every Wednesday at 2PM (Eastern) Live on D@W YouTube Page. Professor Wolff will respond to your questions live! This is Professor Richard Wolff's video response. Submit your own question to be considered for a video response by Prof. Wolff on Patreon: https://www.patreon.com/democracyatwo.... Ask Prof Wolff is a @democracyatwrk production. We are committed to providing these videos to you...
2023-11-1342 min
Ask Prof WolffASK PROF WOLFF LIVE (RECAP) - 11/1/2023Stay connected with the latest news from d@w. Join our mailing list today: https://www.democracyatwork.info/sign_up Join this special iteration of "Ask Prof Wolff" Every Wednesday at 2PM (Eastern) Live on D@W YouTube Page. Professor Wolff will respond to your questions live! This is Professor Richard Wolff's video response. Submit your own question to be considered for a video response by Prof. Wolff on Patreon: https://www.patreon.com/democracyatwo.... Ask Prof Wolff is a @democracyatwrk production. We are committed to providing these videos to you...
2023-11-0254 min
Ask Prof WolffASK PROF WOLFF LIVE (RECAP) - 10/25/2023Stay connected with the latest news from d@w. Join our mailing list today: https://www.democracyatwork.info/sign_up Join this special iteration of "Ask Prof Wolff" Every Wednesday at 2PM (Eastern) Live on D@W YouTube Page. Professor Wolff will respond to your questions live! This is Professor Richard Wolff's video response. Submit your own question to be considered for a video response by Prof. Wolff on Patreon: https://www.patreon.com/democracyatwo.... Ask Prof Wolff is a @democracyatwrk production. We are committed to providing these videos to you...
2023-10-2635 min
Ask Prof WolffASK PROF WOLFF LIVE (RECAP) - 10/11/2023Stay connected with the latest news from d@w. Join our mailing list today: https://www.democracyatwork.info/sign_up Join this special iteration of "Ask Prof Wolff" Every Wednesday at 2PM (Eastern) Live on D@W YouTube Page. Professor Wolff will respond to your questions live! This is Professor Richard Wolff's video response. Submit your own question to be considered for a video response by Prof. Wolff on Patreon: https://www.patreon.com/democracyatwo.... Ask Prof Wolff is a @democracyatwrk production. We are committed to providing these videos to...
2023-10-1342 minAsk Prof WolffThe Many Interpretations of Marx A Patron of Democracy at Work asks: "I wrote an email response to someone who had a lot of strange ideas about Marx and all of the purported evil done in his name. He and others seem to hold Marx personally responsible for the crimes of Pol Pot, Stalin, Mao, et al. I've read a bit by and about Marx and listened to many lectures of those who hold him in high regard. Am I missing something?" This is Professor Richard Wolff's response. To submit your own question for Prof. Wolff, join Democracy at Work o...
2023-05-0308 minAsk Prof WolffThe True Cost of Sanctions A Patron of Democracy at Work asks: "Are sanctions, which are detrimental to ordinary citizens, in some cases justified in order to try to pressure a government committing evil (like in the case of South Africa) to cease?" This is Professor Richard Wolff's response. To submit your own question for Prof. Wolff, join Democracy at Work on Patreon at www.patreon.com/democracyatwork
2023-04-2809 minAsk Prof WolffCan Capitalism Be Reformed? A Patron of Democracy at Work asks: "Have you looked into the concept of Collective Capitalism as theorized by G. Means and its influence on Japan (which has the largest Communist Party not in control of the government)? Also, the public private relationship in Singapore's economy seems very different from the Western financial capitalist system. Are these various "Eastern" economic models something that would attract support from American workers rather than socialism? In another way, could concessions from capitalism like guarantees of long-term employment, market controls, social services, etc. be ways that capitalists retain private property rights and stymie s...
2023-04-2608 minAsk Prof WolffHow Treasury Bonds Help Corporations and the Rich A Patron of Democracy at Work asks: "Please explain the role of the bond market (US Treasuries) in the failure of capitalism and democracy." This is Professor Richard Wolff's response. To submit your own question for Prof. Wolff, join Democracy at Work on Patreon at www.patreon.com/democracyatwork
2023-04-2109 minAsk Prof WolffWho Do Politicians Really Serve? A Patron of Democracy at Work asks: "It seems like you believe capitalists aren't just greedy and evil but in a system requiring them to do what they do. Is this also true of politicians who vote for and carry out incredibly destructive policies to human lives and the environment?" This is Professor Richard Wolff's response. To submit your own question for Prof. Wolff, join Democracy at Work on Patreon at www.patreon.com/democracyatwork
2023-04-1909 minAsk Prof WolffLessons from France's Pension Struggle A Patron of Democracy at Work asks: "In view of the French retirement proposals and the argument that fewer active workers are supporting more retired workers, can you address how changing demographics will affect world economies? I don't see that declining birth rates will change. It seems to make the current form of capitalism even more sustainable." This is Professor Richard Wolff's response. To submit your own question for Prof. Wolff, join Democracy at Work on Patreon at www.patreon.com/democracyatwork
2023-04-1408 minAsk Prof WolffAI & ChatGPT - What are the Economic Impacts? A Patron of Democracy at Work asks: "I am writing to seek your insights on the rapidly evolving artificial intelligence (AI) landscape, particularly with regards to its implementation by profit-driven companies. It is evident that AI technology has the potential to bring significant advancements in various sectors. However, there is a growing concern that AI's deployment by corporations focused solely on profit maximization may exacerbate wealth inequality, eliminate jobs, and displace workers. How do you view the current state of AI evolution and its impact on the labor market, especially considering the role of profit-driven companies in shaping AI...
2023-04-1210 minAsk Prof WolffThe Impact of China on Small U.S. Businesses A Patron of Democracy at Work asks: "I am a pediatrician but like everyone in the medical field, we are tired of serving insurance companies and Medicine is not fun anymore. I wish we had public insurance as I don't see how health can go with profit. I am opening a small business. My question is, for us tiny companies: what will the future bring with a possible war with China? Aren't we the biggest losers here? We don't manufacture anything anymore! How can small businesses survive in current times? " This is Professor Richard Wolff's response.
2023-04-0709 minAsk Prof WolffThe Illusion of Woke Economics A Patron of Democracy at Work asks: "Please discuss woke economics. I have seen YouTube clips using this term. After viewing a couple clips I concluded this is capitalism claiming to be the answer to the social problems caused by capitalism. Do I have that correct?" This is Professor Richard Wolff's response. To submit your own question for Prof. Wolff, join Democracy at Work on Patreon at www.patreon.com/democracyatwork
2023-04-0509 minAsk Prof WolffHow Capitalism Distorts The Immigration Issue A Patron of Democracy at Work asks: "What do you think about the left's view of immigration and why do you think that seems to be the consensus view? Why are most on the left so in support of immigration when it’s clear the working class seem to be rejecting it?" This is Professor Richard Wolff's response. To submit your own question for Prof. Wolff, join Democracy at Work on Patreon at www.patreon.com/democracyatwork
2023-03-3109 minAsk Prof WolffIs the U.S. Dollar in Trouble? A Patron of Democracy at Work asks: "I'd love to hear your thoughts on what a world looks like if the US dollar loses its primacy. What does the "economy" look like in the USA? Will there be a huge collapse?" This is Professor Richard Wolff's response. To submit your own question for Prof. Wolff, join Democracy at Work on Patreon at www.patreon.com/democracyatwork
2023-03-2909 minAsk Prof WolffWhy Democratic Workplaces Are Better for Work-Life Balance A Patron of Democracy at Work asks: "Are Americans ready for Democracy (at work or anywhere else)? I have been a volunteer in a non-profit for decades. We are a 12 step program and have plenty of participation in our weekly meetings. We are nominally democratic in that we ideally hold a monthly group conscience in which we can make simple decisions like whether to make a donation or purchase supplies or some of both. When such a meeting is announced, members scatter like roaches when the light goes on. They 'don't want to get involved.’ I have heard it is...
2023-03-2407 minAsk Prof WolffWhat Europe Got Wrong about Sanctions on Russia A Patron of Democracy at Work asks: "Why, in your opinion, did European countries go along with the USA on sanctions on Russia after the Russian invasion of Ukraine last year? Did European leaders miscalculate negative impacts that these sanctions will have on Europe or counted on some benefits that will be worth the losses? Are any benefits present?" This is Professor Richard Wolff's response. To submit your own question for Prof. Wolff, join Democracy at Work on Patreon at www.patreon.com/democracyatwork
2023-03-2210 minAsk Prof WolffWhat Is Economic Nationalism? A Patron of Democracy at Work asks: "I would like Prof to explain what the meaning of Economic Nationalism is and provide examples of past and present systems." This is Professor Richard Wolff's response. To submit your own question for Prof. Wolff, join Democracy at Work on Patreon at www.patreon.com/democracyatwork
2023-03-1707 minAsk Prof WolffDoes Our Education System Reinforce Capitalism? A Patron of Democracy at Work asks: "How could the education system transform under a worker-cooperative economy? What would schools look like for young children to young adults? How would it compare to a capitalist education system, which at least in some part, is designed to make us into workers for capitalists?" This is Professor Richard Wolff's response. To submit your own question for Prof. Wolff, join Democracy at Work on Patreon at www.patreon.com/democracyatwork
2023-03-1506 minAsk Prof WolffCan Profits Be Excluded From Food and Healthcare? A Patron of Democracy at Work asks: "Would you agree that for large monopolistic industries that the entire society depends on for survival, like food, energy, defense, and health care, worker coops would not go far enough? If we're serious about our long-term survival, wouldn't we have to remove the profit motive entirely and give all citizens democratic control over these industries?" This is Professor Richard Wolff's response. To submit your own question for Prof. Wolff, join Democracy at Work on Patreon at www.patreon.com/democracyatwork
2023-03-1007 minAsk Prof WolffWhy Does a Piece of Lumber Cost More Today Than It Did 10 Years Ago? A Patron of Democracy at Work asks: "I don’t understand how inflation works. How can a 2x4 cost more than it did 10 years ago?" This is Professor Richard Wolff's response. To submit your own question for Prof. Wolff, join Democracy at Work on Patreon at www.patreon.com/democracyatwork
2023-03-0708 minAsk Prof WolffWhy Do We Spend So Much on the US Military Industrial Complex? A Patron of Democracy at Work asks: "To what extent does the US Military Industrial Complex factor into the US economy as a whole? It seems like the US is at endless war and, in my opinion, there has to be a significant economic reason for this. Would the US economy take a great hit or maybe fall apart completely if not for the seemingly endless war profiteering?" This is Professor Richard Wolff's response. To submit your own question for Prof. Wolff, join Democracy at Work on Patreon at www.patreon.com/democracyatwork
2023-03-0307 minAsk Prof WolffWhy Can't We Imagine Moving Past Capitalism? A Patron of Democracy at Work asks: "How should we answer when people say, 'capitalism is the only way there is, nothing else works.' How do we live without earning and profiting from our working and, in doing this, making ourselves prosperous from our own industry and ideas?" This is Professor Richard Wolff's response. To submit your own question for Prof. Wolff, join Democracy at Work on Patreon at www.patreon.com/democracyatwork
2023-03-0107 minAsk Prof WolffHow Do Austerity Politics Impact Policing? A Patron of Democracy at Work asks: "From a Marxist economic perspective, can you explain how austerity politics and austerity measures eventually lead to over-policing?" This is Professor Richard Wolff's response. To submit your own question for Prof. Wolff, join Democracy at Work on Patreon at www.patreon.com/democracyatwork
2023-02-2408 minAsk Prof WolffWhat Happens to the Stock Market After Capitalism? A Patron of Democracy at Work asks: "I, as a socialist myself, agree with the socioeconomic model that you advocate, with worker-owned cooperatives substituting today's private businesses. However, making the actual changes, reforms and, if you like, revolution, would also bring an end to stocks, stock-based companies, and the stock market. I can't get my head around how we actually get rid of the capitalist stock markets without letting the state take over with force or having the capitalists cause big damages to the economy as an act of revenge. What should we do with the stock market?"
2023-02-2208 minAsk Prof WolffBlackRock, Homeownership and Reverse Mortgages A Patron of Democracy at Work asks: "Based on the content that I consume, my expectation is that factions of the 1% like BlackRock intend to own all family housing in America and rent it to us. The prices of homes going down paired with higher interest rates makes the game even more favorable for those who can buy these properties in one payment. My question is, how will these parasites intercept houses from young people who are expecting to inherit their parent's home? Is there a mechanism for them to do that?" This is Professor Richard Wolff's...
2023-02-1707 minAsk Prof WolffFascism, Keynesianism, and Military Spending A Patron of Democracy at Work asks: "As we see billions once more go to Ukraine, as we have seen trillions upon trillions go to wars since WWII, isn't it correct to say that Military-Keynesianism is fascism? Technocratic fascism? If so, why? And if not, why not? A Boeing factory in every state, not to mention other military contractors that pay off the coin-operated politicians signifies fascist to me." This is Professor Richard Wolff's response. To submit your own question for Prof. Wolff, join Democracy at Work on Patreon at www.patreon.com/democracyatwork
2023-02-1506 minAsk Prof WolffUnderstanding Surplus & Capitalism’s Abuse of It A Patron of Democracy at Work asks: "Can there be another segment about surplus and economic sinks? If capital has to increase all the time, why is there a surplus? And if there is a surplus, why can't we spend it on social programs like health care and infrastructure?" This is Professor Richard Wolff's response. To submit your own question for Prof. Wolff, join Democracy at Work on Patreon at www.patreon.com/democracyatwork
2023-02-1009 minEconomic Update with Richard D. WolffUnionization, Marxism and EducationIn this week's show, Prof. Wolff shares updates on Starbucks union growth; Texas journalists and Yale graduate students/employees unionize, strike, win; Western Mass Labor Federation denounces Biden's denial of railway workers' right to strike; two major kinds of US tax injustice: (1) exempting bonds and stocks from property tax when 10% richest own 80% of stocks and bonds, and (2) failing to levy excess profits tax on war profiteers as UK and Portugal have already done. In the second half of the show, Wolff interviews Notre Dame Professor Emeritus David F. Ruccio on Marxian economics, its absence from US universities, and its...
2023-02-0929 minAsk Prof WolffHow To Get People on the Right to Hear Your Arguments A Patron of Democracy at Work asks: "The war of ideas is real and, as often as I can, I engage with opposing ideas. From my perspective, I find that socialistic approaches to most social/economic issues check the box of many of the purported ideals of my more/less conservative neighbors, however, I cannot pierce the armor of their preconceptions. I'm tired of blaming their propaganda consumption. I want to affect their actions, not blame their cause. How can we overcome this deterrence? The cold hard merit of my arguments is not enough to overcome their insulation. Is...
2023-02-0805 minAsk Prof WolffIs Capitalism a Religion? A Patron of Democracy at Work asks: "Is capitalism a religion? Has it become the established religion of the United States?" This is Professor Richard Wolff's response. To submit your own question for Prof. Wolff, join Democracy at Work on Patreon at www.patreon.com/democracyatwork
2023-02-0308 minAsk Prof WolffCapitalism is Unstable…and It’s Designed That Way A Patron of Democracy at Work asks: "Are any complex systems eternally homeostatic? Cyclic behavior is a euphemism for millions of people will lose their jobs and homes, quit school, etc. I don't think that anyone imagines an economic system sans fluctuations. That would be truly Utopian. Or dystopian rather because fluctuations can be rightly considered a healthy feature of complex systems. But my overall impression in listening to professor Wolff is that these instabilities are borne in no small measure from the fundamental tensions that constitute the employer/ employee relationship." This is Professor Richard Wolff's response.
2023-02-0108 minAsk Prof WolffWhy Retired Individuals Are Critical For Social Change A Patron of Democracy at Work asks: "Hello, I am an officially retired person, although I continue to work on projects in the arts, in part to supplement Social Security and in part as a labor of love. I often feel that I am somewhat excluded from the critical effort I see here to remake our work lives. What role can seniors play? We do, after all, possess lifetimes of experience." This is Professor Richard Wolff's response. To submit your own question for Prof. Wolff, join Democracy at Work on Patreon at www.patreon.com/d...
2023-01-2707 minAsk Prof WolffShouldn’t We Have a Political Party That Isn’t Capitalist? A Patron of Democracy at Work asks: "I was wondering if there has ever been a political party that focuses primarily on the formation, maintenance and sustenance of worker co-ops? My understanding is that worker co-ops are all inclusive by design and would include folks that have been marginalized by society (i.e. people of color, women, gay folks, etc). Would it be useful to develop a political party in the U.S. whose primary focus would be on worker co-ops?" This is Professor Richard Wolff's response. To submit your own question for Prof. Wolff...
2023-01-2507 minAsk Prof WolffWhy Yale and Other Non-Profits Should Be Called "Tax-Exempt"A Patron of Democracy at Work asks: "One issue I hope Prof. Wolff might address is a comparative analysis of the role of for-profit vs. non-profit corporations. For example, in the recent shows on inflation, he notes that raising prices by the employer is motivated by profit maximization. This dynamic can't play an obvious role for a non-profit, but they could raise prices to maximize the salaries of high-ranking corporate employees. But do they? Alternatively, would we be better off with more non-profits? The big picture here would be invaluable." This is Professor Richard Wolff's response.
2023-01-2007 minAsk Prof WolffConsumer Co-ops vs. Worker Co-opsA Patron of Democracy at Work asks: "You’re known as an advocate of worker cooperatives. However, back in the 19th century, Friedrich Engels (as well as Eduard Bernstein, the father of Democratic Socialism) was very skeptical of worker cooperatives because of the power the workers at a company could still have over the general public to whom they were not responsible to, meaning they could still, for example, create a monopoly, jack up prices, and engage in protectionist tactics. Instead, Engels and Bernstein preferred consumer cooperatives, in which the public that patronized the business would be the ones to...
2023-01-1806 minAsk Prof WolffA Socialist Solution to Oil Prices and SanctionsA Patron of Democracy at Work asks: "Hello Professor Wolff, here in Germany, gas prices are very high due to the sanctions policy with Russia. It is typical of a market economy that the gas that has become scarce is priced higher in order to alleviate the shortage. In this way, the scarce gas is distributed to the rich who can make monetary inquiries. How should allocation of goods (let's say gas/oil to take today's shortage) work in a socialist mode of production?"
2023-01-1108 minAsk Prof WolffWhy are National Infrastructure Banks Necessary?A Patron of Democracy at Work asks: "Dear Prof. Wolff, can you explain the value of a National Infrastructure Bank?"
2023-01-0606 minAsk Prof WolffEthics in Capitalist vs. Cooperative EnterprisesA Patron of Democracy at Work asks: "Greetings Prof Wolff, my question is one of ethics. How does a collective remain competitive in a dog-eat-dog capitalist environment when the expectation is that a worker-owned enterprise would be presumed to follow the law? I'm not saying all privately-held enterprises are corrupt but it follows that if a given firm were to cut corners, all other competitors would have to follow suit to continue to exist. And what of deregulation? Are there examples whereby ethical principles are an existential threat to coops under capitalism?"
2023-01-0406 minAsk Prof WolffThe Manipulation of Labor Markets An audience member of Ask Prof Wolff LIVE asks: "Can you discuss the concept of labor markets and how they influence collective bargaining power?" Prof Wolff answered this question during a live Ask Prof Wolff event. We look forward to having more live "Ask" sessions like these! Some will be open to the public, some will be for the generous donors who sustain our work. Some will be with Prof Wolff, and others will feature other d@w hosts! Stay connected with us to hear about the next live event! The best way...
2022-12-2305 minAsk Prof WolffInterest Rates Hurt the Same People Inflation Hurts An audience member of Ask Prof Wolff LIVE asks: "If inflation is a result of employers increasing prices to make higher profits, how does the Fed connect the interest rate as a way to directly control inflation?" Prof Wolff answered this question during a live Ask Prof Wolff event. We look forward to having more live "Ask" sessions like these! Some will be open to the public, some will be for the generous donors who sustain our work. Some will be with Prof Wolff, and others will feature other d@w hosts! Stay connected with...
2022-12-1610 minAsk Prof WolffThe Role of the State An audience member of Ask Prof Wolff LIVE asks: "In a worker cooperative society, what would be the role or major functions of the state?" Prof Wolff answered this question during a live Ask Prof Wolff event. We look forward to having more live "Ask" sessions like these! Some will be open to the public, some will be for the generous donors who sustain our work. Some will be with Prof Wolff, and others will feature other d@w hosts! Stay connected with us to hear about the next live event! The best...
2022-12-0907 minAsk Prof WolffUnderstanding FascismAn audience member of Ask Prof Wolff LIVE asks: "Fascism is when the state and corporations merge, so why isn’t the system that China has considered fascist? Is it fascist, is it not?" Prof Wolff answered this question during a live Ask Prof Wolff event. We look forward to having more live "Ask" sessions like these! Some will be open to the public, some will be for the generous donors who sustain our work. Some will be with Prof Wolff, and others will feature other d@w hosts! Stay connected with us to hear ab...
2022-12-0209 minAsk Prof WolffWe've Heard of Inflation, But What's Deflation?An audience member of Ask Prof Wolff LIVE asks: "What are the major historical downsides to a deflation? Are price decreases in a specific sector (e.g. fuel if, hypothetically, the shocks to that supply chain end sometime) generally isolated from these?" Prof Wolff answered this question during a live Ask Prof Wolff event. We look forward to having more live "Ask" sessions like these! Some will be open to the public, some will be for the generous donors who sustain our work. Some will be with Prof Wolff, and others will feature other d...
2022-11-2508 minAsk Prof WolffGandhi, Ambedkar, and India's Freedom MovementDeA Patron of Democracy at Work asks: "Hello, I would like to make a comment in reference to Prof. Wolff’s Economic Update on colonialism, where he mentioned India's freedom from the British via the passive movement of ‘Mahatma’ Gandhi. In reality, it was a combination of resistance against the empire that led to the overthrow of the Brits from India. These resistances included infamous communist/socialists like Bhagat Singh, Subhas Chandra Bose, Mahatma Ayyankali and many more. The most critical of them all was the father of the current Indian Constitution, B.R. Ambedkar, the most highly educated Indian...
2022-10-2609 minAsk Prof WolffEconomics Nobel Prize - Ben BernankeA Patron of Democracy at Work asks: "I'd like to hear Prof Wolff comment on esteemed colleagues, economists around the world who advocate for the fair distribution of economic wealth and resources as well as the Nobel Prize in Economics going to Ben Bernanke."
2022-10-2107 minAsk Prof WolffInterest Rate Hikes - Who Wins, Who Loses?A Patron of Democracy at Work asks: "Prof Wolff, now that we've entered a recession here, how would the continued Fed interest rate hikes correlate to supply shortage due to our low production capacity? At what rate would the Fed have to lower demand in order to bring down inflation? Or are we inevitably entering stagflation?"
2022-09-2807 minAsk Prof WolffConsumer Support for Amazon, Starbucks UnionsA Patron of Economic Update asks: "Professor Wolff, how can consumers support the push for unions in companies like Starbucks and Amazon?"
2022-09-1408 minAsk Prof WolffWestern Capitalism’s DeclineA Patron of Economic Update asks: "Hello Professor Wolff, I’m not sure how familiar you are with Canadian economics but things are very bad here. The average home price in 1980 was $47k ($163k adjusted for inflation), in 2000 it was $119k ($190k adjusted for inflation). Between January 2020 and March 2022, the average home price soared from $504,350 to $795,952. The average home price in my town, with a population of 100,000, is $1 million now. My entire generation has been bought out of the housing market. The annual average earnings of full-time employees in Canada is a little more than $54,630. Average hourly wages in Ca...
2022-09-0708 minAsk Prof WolffHuman Needs Should Not Be Tied to ProfitA Patron of Economic Update asks: "This is a question that I hope Dr. Wolff will discuss regarding US profit extraction from basic necessities for workers and families. How much does the extraction of profit from basics like health care, energy, housing, transportation, communication and food hurt the competitiveness of US workers by increasing the needed wages? Should those be a priority for change to cooperative, democratic, worker-owned enterprises? Is it realistic to think that US worker cooperatives can be competitive with capitalism and cheap labor in other countries if most of the US profit extraction is eliminated from...
2022-07-2008 minAsk Prof WolffSupply vs Demand-Side EconomicsA Patron of Economic Update asks: "Dear Prof Wolff, can you please explain the similarities and differences between supply-side and demand-side economics?"
2022-06-2208 minAsk Prof WolffIs Systematic Change Possible?A Patron of Economic Update asks: "Prof. Wolff, do you believe the equality we seek can be brought about by the swift and sudden collapse of corporate fascism, a civil war, or by an evolution in the culture through constant promotion of Marxist/socialist thought? Would the latter be likely to produce the desired change within our lifetime?"
2022-06-1708 minAsk Prof WolffStudent Debt & InflationA Patron of Economic Update asks: "Prof Wolff, can you explain the relationship between debt and inflation? Would canceling $1.7 trillion in student debt cause inflation to increase, as is reported in the media, or would canceling it actually cause inflation to decrease?"
2022-06-1508 minAsk Prof WolffGas Taxes and InflationA Patron of Economic Update asks: "Dear Professor Wolff, can you speak about the advisability of cutting gas taxes in Indiana to alleviate the effects of inflation?"
2022-05-2707 minAsk Prof WolffWhy Inequality Exists Within Some NonprofitsA Patron of Economic Update asks: "Dear Professor Wolff, could you discuss 'economics' at not-for-profit academic hospitals? How do these hospitals afford the salaries of highly paid administrators (CEOs, Deans, Chairs, etc) who do not contribute to surplus labor (patient care)? Are some of these hospitals using 'nursing shortage' as an excuse to implement austere measures by loading more work on to fewer surplus laborers?"
2022-05-0408 minAsk Prof WolffBankruptcy Is Normal Under CapitalismA Patron of Economic Update asks: "Can Prof Wolff please explain what it means when a country declares bankruptcy? Like in Sri Lanka?"
2022-04-2908 minAsk Prof WolffCan Private Foundations "Save" Capitalism?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?"
2022-04-2708 minAsk Prof WolffUS Dollar vs. China's YuanA Patron of Economic Update asks: "Prof. Wolff could you please comment or give your analysis regarding the petrodollar, its impact on global markets, geo-politics and the recent news that the Yuan may soon overtake as the leading world's reserve currency? Most notably I'm interested to know how probable this event is and its impact on the United States economy and domestic politics, etc. What can/should be done about it?"
2022-04-2208 minAsk Prof WolffWhat Ray Dalio Misses in His Analysis of EmpireA Patron of Economic Update asks: "I was wondering what Prof. Wolff’s opinion is on this video (youtube.com/watch?v=xguam0TKMw8) in terms of the accuracy and prediction. It's from billionaire Ray Dalio talking about economics and the US decline and the future. I'd love to get your take."
2022-04-2208 minAsk Prof WolffWhy Employees Need a Seat At The TableA Patron of Economic Update asks: "Hi, Prof Wolff. I work as a pilot in the airline industry. We enjoy great pay, benefits, work rules, etc. compared to other labor in the USA. This is because we have strong unions. There is a company that is doing great financially, has publicized massive growth plans, but is dead-set against meeting pilots’ demands for an industry competitive contract. It almost seems like the behind the scenes leadership (the major share holders) are setting the company up to be sold. Is there anything In the USA specific work groups (or better, all of...
2022-04-2207 min
Working PeopleOrder-Takers No More (w/ Richard D. Wolff) In this special episode of Working People, we chat with world-renowned economist Richard D. Wolff about how the COVID-19 pandemic has accelerated changes to the terrain of work, how we define "working class," and what we need to do to build a broad, diverse, and strong working-class politics in the 21st century Additional links/info below... Join our Working People listener hang session on Monday, August 16, from 8-9:30pm ET! Here's the zoom link Professor Wolff's website, Facebook page, and Twitter page Democracy @ Work's website, YouTube channel, Facebook page, and Twitter page Richard D...
2021-08-051h 17
American Monetary Association348: Capitalism's Crisis Deepens, Global Economic Meltdown by Dr. Richard D. WolffDr. Richard D. Wolff, professor of economics and author of Understanding Marxism, joins Jason Hartman today, discussing the global economic meltdown. Wolff shares his interpretation of marxism and why he believes that is has been poorly applied. As well, Hartman and Wolff discuss capitalism in America, the perception and the reality. Wolff and Hartman discuss the disproportionate pay between CEO and workers. The CEO to worker compensation ratio has changed dramatically. Wolff states that a cooperative/directorship might work using the example of The Mondragon Corporation. Key Takeaways: [2:15] Was Karl Marx's ideas applied wron...
2020-08-0739 min
Heroic Investing Show245: Dr. Richard D. Wolff, Capitalism's Crisis Deepens, Global Economic MeltdownDr. Richard D. Wolff, professor of economics and author of Understanding Marxism, joins Jason Hartman today, discussing the global economic meltdown. Wolff shares his interpretation of marxism and why he believes that is has been poorly applied. As well, Hartman and Wolff discuss capitalism in America, the perception and the reality. Wolff and Hartman discuss the disproportionate pay between CEO and workers. The CEO to worker compensation ratio has changed dramatically. Wolff states that a cooperative/directorship might work using the example of The Mondragon Corporation. Key Takeaways: [2:15] Was Karl Marx's ideas applied wron...
2020-07-3139 min
The Short Term Rental Profits Show51: Capitalism's Crisis Deepens, Global Economic Meltdown by Dr. Richard D. WolffDr. Richard D. Wolff, professor of economics and author of Understanding Marxism, joins Jason Hartman today, discussing the global economic meltdown. Wolff shares his interpretation of marxism and why he believes that is has been poorly applied. As well, Hartman and Wolff discuss capitalism in America, the perception and the reality. Wolff and Hartman discuss the disproportionate pay between CEO and workers. The CEO to worker compensation ratio has changed dramatically. Wolff states that a cooperative/directorship might work using the example of The Mondragon Corporation. Key Takeaways: [2:15] Was Karl Marx's ideas applied wron...
2020-07-3140 min
Holistic Survival Show by Jason HartmanHS 559: Capitalism’s Crisis Deepens, Global Economic Meltdown by Dr. Richard D. WolffDr. Richard D. Wolff, professor of economics and author of Understanding Marxism, joins Jason Hartman today, discussing the global economic meltdown. Wolff shares his interpretation of marxism and why he believes that is has been poorly applied. As well, Hartman and Wolff discuss capitalism in America, the perception and the reality. Wolff and Hartman discuss the disproportionate […]
2020-07-2240 minPodcast Archives - Commercial Investing CenterCI 246: Capitalism’s Crisis Deepens, Global Economic Meltdown by Dr. Richard D. WolffDr. Richard D. Wolff, professor of economics and author of Understanding Marxism, joins Jason Hartman today, discussing the global economic meltdown. Wolff shares his interpretation of marxism and why he believes that is has been poorly applied. As well, Hartman and Wolff discuss capitalism in America, the perception and the reality. Wolff and Hartman discuss the disproportionate […]The post CI 246: Capitalism’s Crisis Deepens, Global Economic Meltdown by Dr. Richard D. Wolff appeared first on Commercial Investing Center.
2020-07-2200 min
Holistic Survival Show - Economic Crisis559: Capitalism's Crisis Deepens, Global Economic Meltdown by Dr. Richard D. WolffDr. Richard D. Wolff, professor of economics and author of Understanding Marxism, joins Jason Hartman today, discussing the global economic meltdown. Wolff shares his interpretation of marxism and why he believes that is has been poorly applied. As well, Hartman and Wolff discuss capitalism in America, the perception and the reality. Wolff and Hartman discuss the disproportionate pay between CEO and workers. The CEO to worker compensation ratio has changed dramatically. Wolff states that a cooperative/directorship might work using the example of The Mondragon Corporation. Key Takeaways: [2:15] Was Karl Marx's ideas applied wron...
2020-07-2240 minPodcast – Speaking of WealthSoW 483: Capitalism’s Crisis Deepens, Global Economic Meltdown by Dr. Richard D. WolffDr. Richard D. Wolff, professor of economics and author of Understanding Marxism, joins Jason Hartman today, discussing the global economic meltdown. Wolff shares his interpretation of marxism and why he believes that is has been poorly applied. As well, Hartman and Wolff discuss capitalism in America, the perception and the reality. Wolff and Hartman discuss the disproportionate…
The post SoW 483: Capitalism’s Crisis Deepens, Global Economic Meltdown by Dr. Richard D. Wolff appeared first on Speaking of Wealth.
2020-07-1700 minSpeaking of WealthSoW 483: Capitalism’s Crisis Deepens, Global Economic Meltdown by Dr. Richard D. WolffDr. Richard D. Wolff, professor of economics and author of Understanding Marxism, joins Jason Hartman today, discussing the global economic meltdown. Wolff shares his interpretation of marxism and why he believes that is has been poorly applied. As well, Hartman and Wolff discuss capitalism in America, the perception and the reality.
Wolff and Hartman discuss the disproportionate pay between CEO and workers. The CEO to worker compensation ratio has changed dramatically. Wolff states that a cooperative/directorship might work using the example of The Mondragon Corporation.
https://traffic.libsyn.com/secure/speakingofwealth/SoW_1503_Richard_Wolff_Part...
2020-07-1700 min
Speaking Of Wealth with Jason Hartman483: Capitalism's Crisis Deepens, Global Economic Meltdown by Dr. Richard D. WolffDr. Richard D. Wolff, professor of economics and author of Understanding Marxism, joins Jason Hartman today, discussing the global economic meltdown. Wolff shares his interpretation of marxism and why he believes that is has been poorly applied. As well, Hartman and Wolff discuss capitalism in America, the perception and the reality. Wolff and Hartman discuss the disproportionate pay between CEO and workers. The CEO to worker compensation ratio has changed dramatically. Wolff states that a cooperative/directorship might work using the example of The Mondragon Corporation. Key Takeaways: [2:15] Was Karl Marx's ideas applied wron...
2020-07-1739 min
Speaking Of Wealth with Jason Hartman483: Capitalism's Crisis Deepens, Global Economic Meltdown by Dr. Richard D. WolffDr. Richard D. Wolff, professor of economics and author of Understanding Marxism, joins Jason Hartman today, discussing the global economic meltdown. Wolff shares his interpretation of marxism and why he believes that is has been poorly applied. As well, Hartman and Wolff discuss capitalism in America, the perception and the reality. Wolff and Hartman discuss the disproportionate pay between CEO and workers. The CEO to worker compensation ratio has changed dramatically. Wolff states that a cooperative/directorship might work using the example of The Mondragon Corporation. Key Takeaways: [2:15] Was Karl Marx's ideas applied wron...
2020-07-1739 min
Accredited Income Property Investment Specialist (AIPIS)336: Capitalism's Crisis Deepens, Global Economic Meltdown by Dr. Richard D. WolffDr. Richard D. Wolff, professor of economics and author of Understanding Marxism, joins Jason Hartman today, discussing the global economic meltdown. Wolff shares his interpretation of marxism and why he believes that is has been poorly applied. As well, Hartman and Wolff discuss capitalism in America, the perception and the reality. Wolff and Hartman discuss the disproportionate pay between CEO and workers. The CEO to worker compensation ratio has changed dramatically. Wolff states that a cooperative/directorship might work using the example of The Mondragon Corporation. Key Takeaways: [2:15] Was Karl Marx's ideas applied wron...
2020-07-1139 min
Creating Wealth Real Estate Investing with Jason Hartman1503: Suburban Social Distancing, CEO to Worker Compensation, Dr. Richard D. Wolff Pt. 2Jason Hartman shares an update on homebuyer demand and yet another article discussing the need for suburban life. However, this article states that the suburban life demand predates the coronavirus, but that COVID-19 and social distancing added fuel to the fire. Wolff and Hartman discuss the disproportionate pay between CEO and workers. The CEO to worker compensation ratio has changed dramatically. Wolff states that a cooperative/directorship might work using the example of The Mondragon Corporation. Meet The Masters Virtual: July 31 – August 2 JasonHartman.com/Masters Guests: Sharon Lechter, Harry Dent, George Gammon...
2020-07-0938 min
Creating Wealth Real Estate Investing with Jason Hartman1502: Capitalism's Crisis Deepens, Global Economic Meltdown by Dr. Richard D. WolffJason Hartman speaks on financial literacy in the US. Foreign buying dries up, easing the way for domestic buyers. Jason poses the question, how have American commercial spaces changed, particularly when looking at the decreasing foot traffic of gyms, a commercial space that has done quite well in the past. Dr. Richard D. Wolff, professor of economics and author of Understanding Marxism, joins Jason Hartman today, discussing the global economic meltdown. Wolff shares his interpretation of marxism and why he believes that is has been poorly applied. As well, Hartman and Wolff discuss capitalism in America, the per...
2020-07-0841 min
How to Fix DemocracyReform and Revolution | Featuring Richard D. WolffReform and Revolution Richard D. Wolff is Professor of Economics Emeritus, University of Massachusetts, Amherst and a Visiting Professor in the Graduate Program in International Affairs of the New School University, New York City. In this interview, host Andrew Keen and Professor Wolff discuss the definition of capitalism from the Marxist perspective. When the system of capitalism experiences dire crises, Wolff argues, it has been natural to question the nature of the system itself, just as the financial crises of the early 20th and 21st centuries have prompted reforms of capitalism to varying extents. Today, the path...
2020-05-2626 min
The Ripple Effect PodcastThe Ripple Effect Podcast #207 (Prof. Richard D. Wolff | Understanding Marxism)Richard D. Wolff is Professor of Economics Emeritus, University of Massachusetts, Amherst and a Visiting Professor at the New School University in New York. Wolff's recent work has concentrated on analyzing the causes and alternative solutions to the global economic crisis. His book Democracy at Work: A Cure for Capitalism inspired the creation of Democracy at Work, a nonprofit organization dedicated to showing how and why to make democratic workplaces real.Wolff is also the author of Occupy the Economy: Challenging Capitalism and Capitalism Hits the Fan: The Global Economic Meltdown and What to Do About...
2020-02-1143 min