Shows
Global CapitalismOn This May DayWe are thrilled to share the replay of Democracy at Work and The Left Forum's special live, in-person Global Capitalism event, held last Wednesday at Women Building Up (WBU). Professor Wolff gave a special "May Day" Global Capitalism Lecture on the impact of President Trump’s economic policies and how they are ultimately an attack on working people We would like to thank Susan Shah, Kim Westcott and all the remarkable people at Women Building Up for hosting Democracy At Work and The Left Forum. Presented by Democracy at Work and the Left Forum...2025-05-091h 12Global CapitalismThe Old Cold War Fades, A New One ExpandsProfessor Wolff will present four key points that reveal the emergence of a new Cold War the U.S. has embarked upon in response to the rise of global alliances from which it is being excluded and that challenge the near century-old American economic dominance. I. The Old Cold War Targeted Communism in the West and the USSR as its Source II. The New Cold War Targets China and the BRICS III. Trump/Musk Target the US Working Class and its Allies IV. Europe’s Decline Deepens Presented by Democracy at Work an...2025-03-1456 minGlobal CapitalismWhat Trump 2.0 MeansWe are thrilled to share the replay of Democracy at Work and The Left Forum's special live, in-person Global Capitalism event, held this past Saturday at Women Building Up (WBU). Professor Wolff gave his thoughts and analysis on what the new Trump Presidency means and how we may react. Special messages to our audience: Please help sponsor Global Capitalism by becoming a monthly donor to Democracy at Work. Go to our website to learn more (www.democracyatwork.info/donate). Follow Democracy at Work on X (Twitter) and YouTube. Ou...2025-01-231h 02Global CapitalismThe U.S. Election and Trump 2.0 in Historical Perspective [November 2024]The U.S. Election and Trump 2.0 in Historical Perspective Topics Include: The overdetermination of the vote The new government Persistent problems of a declining empire Co-sponsored by Democracy at Work and Left Forum Special messages to our audience: Please help sponsor Global Capitalism by becoming a monthly donor to Democracy at Work. Go to our website to learn more (www.democracyatwork.info/donate). Follow Democracy at Work on X (Twitter) and YouTube. Our four Democracy at Work books, three by Richard Wolff (Understanding Mar...2024-11-211h 17Global CapitalismWest in Turmoil 2024: Big Elections, Big Social ChangesWest in Turmoil 2024: Big Elections, Big Social Changes Topics Include: Harris vs Trump: civil and class struggles converge Western Europe: UK elections = collapse of conservative votes, French elections = death of political center Germany elections = rise of fascist Right and of “Bundnis Sahra Wagenknecht” Special messages to our audience: Please help sponsor Global Capitalism by becoming a monthly donor to Democracy at Work. Go to our website to learn more (www.democracyatwork.info/donate). Follow Democracy at Work on X (Twitter) and YouTube. Our four Democracy at Work...2024-09-1357 minGlobal CapitalismThe Decline of the US Empire [July 2024]The Decline of the US Empire Topics: Military Losses: Vietnam, Afghanistan, Iraq, Ukraine Economic Losses: The Rise of BRICS Political Losses: Israel, Sanctions The Decline of US Capitalism: What Next? Special messages to our audience: Please help sponsor Global Capitalism by becoming a monthly donor to Democracy at Work. Go to our website to learn more (www.democracyatwork.info/donate). Follow Democracy at Work on X (Twitter) and YouTube. Our four Democracy at Work books, three by Richard Wolff (Understanding Marxism, Understanding Socialism, and The Sic...2024-07-111h 08Global CapitalismA Marxist Critique of Capitalism for 2024 [May 2024]A Marxist Critique of Capitalism for 2024 - Core Issues: Labor, Surplus, Exploitation - Inequality and Injustice - Instability: Cycles and Crises - Alternatives to Capitalism Co-sponsored by Democracy at Work and Left Forum Special messages to our audience: Please help sponsor Global Capitalism by becoming a monthly donor to Democracy at Work. Special messages to our audience: Please help sponsor Global Capitalism by becoming a monthly donor to Democracy at Work. Go to our website to learn more (www.democracyatwork.info/donate). Follow Democracy at Work on X (Twitter) and YouTube....2024-05-0959 minGlobal CapitalismA May Day 2024 Special [May 1st, 2024] Today we offer a very special Global Capitalism special in honor of “May Day” Today's May Day Special, a collaborative effort with long-time contributor Charles Fabian, opens with the major causes for why May Day 2024 is so special. These include the fact that the great crash of global capitalism in 2008-2009 shook the world in ways that include shocking a declining US labor movement back to life and growth. We saw that in 2011 when the Occupy Wall Street movement shook the US and beyond again. Then the "Fight for $15" swept across low-wage America as it still...2024-05-0358 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 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 min
Global CapitalismEurope 2024: Disunity, Decline, Despair (Jan/Feb 2024)February's Lecture Outline: Europe 2024: Disunity, Decline, Despair Ukraine + Sanctions = European De-industrialization Fascism’s Resurgence/Immigration Caught Between: China Up, US Down Euro-farmers’ Protest: Europe’s Future UK: Conservative and Labor Collapses Co-sponsored by Democracy at Work and Left Forum Thank you for being an integral part of our community. Your engagement and support fuel our mission to foster critical discussions and insights. Together, we're building a more informed, equitable, and united world. Stay connected, and let's continue this journey towards understanding and change. Special messages to our audience: Please...2024-02-151h 00Ask 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
Global CapitalismSocialism in Today's World: The 4 KindsDemocracy at Work in conjunction with The Left Forum Presents: Global Capitalism Live Economic Update with Professor Richard D. Wolff Socialism in Today’s World: the 4 Kinds - 3 Kinds of State Role in Economy - 1 Kind of Workplace Revolution - Saving Capitalism from Itself - Socialism, Fascism and Capitalism’s Decline Co-sponsored by Democracy at Work and Left Forum Special messages to our audience: Please help sponsor Global Capitalism by becoming a monthly donor to Democracy at Work. Go to our w...2023-11-0959 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 min
Global CapitalismA Resurging US Labor Movement [September 2023]Democracy at Work in conjunction with The Left Forum Presents: Global Capitalism Live Economic Update with Professor Richard D. Wolff Presentation Topic: A Resurgent U.S. Labor Movement Updates will include analyses of: - Starbucks, Doctors, Autoworkers, etc. - Why Labor Resurgence Now? - Labor’s Goals and Tactics - Alliances with Political Parties - Between Capitalism and Socialism Co-Sponsored by The Left Forum Please help sponsor Global Capitalism by becoming a monthly donor to D...2023-09-1459 minGlobal CapitalismCapitalism Turns to the Authoritarian State [July 2023]Capitalism Turns to the Authoritarian State · Why Private Capitalism Makes That Turn · Why State Capitalism Makes That Turn · Will the Authoritarian State Save or End Capitalism? (United States vs. China) · Socialism and the Authoritarian State. Co-sponsored by Democracy at Work and Left Forum Special messages to our audience: Please help sponsor Global Capitalism by becoming a monthly donor to Democracy at Work. Go to our website to learn more (www.democracyatwork.info/donate). Follow Democracy at Work on...2023-07-2058 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 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 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 minGlobal CapitalismChina vs. US - System Rising vs. Falling [September 2022]In this lecture, Prof. Wolff will discuss the following: Compare economic performances (GDP growth, inflation, real wages) Ukraine War/Taiwan Provocations as both China-US conflicts US edges closer to civil war and foreign wars at same time: implications 2022-09-151h 04Ask 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 minGlobal CapitalismWar, Sanctions, Deepening Splits: Economic, Political, and Cultural [July 2022] In this lecture, Prof. Wolff will discuss the following: Global economic splits: US/UK/Japan/Australia vs BRICS+ US political splits: inflation, interest rates, recession, stock market crash, deepening inequality, Democratic Party self destruction Cultural splits: abortion, Miranda, church-state 2022-07-141h 16Ask 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 minGlobal CapitalismMarxism: From Critique of Capitalism to Alternative System [May 2022]In this lecture, Prof. Wolff will discuss the following: Rising US labor militancy: Amazon to Grinnell College Housing and stock market: bubbles and bursts French left unity: a model for the world? McConnell, GOP serve lenders, crush students with debt 2022-05-121h 02Ask 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 minGlobal CapitalismThe Inflation: Causes, Effects, & Outlook [March 2022]In this lecture, Prof. Wolff will discuss the following: Impact of Ukraine events What the FED can and cannot do about it Solutions for inflation, past and present 2022-03-101h 05Global CapitalismPolitical Economy of Covid: Year #3 [January 2022]In this lecture, Prof. Wolff will discuss the following: US Capitalism’s Public Health Disaster: Where Blame Belongs Trying to Shift Blame to Mandates: Desperate Libertarianism Covid, Inflation,“Broken Supply Chains” = Systemic Crisis 2022-01-131h 08Global CapitalismChina - US’s First Real Competitor in a Century [November 2021]In this lecture, Prof. Wolff will discuss the following: Major Chinese Economic Achievements and Problems China-US Interdependence, Competition, and Cold War Is China Socialist? What does “Chinese Socialism” Mean? 2021-11-1158 minGlobal CapitalismUS Capitalism’s Decline Accelerates [September 2021]In this lecture, Prof. Wolff will discuss the following: Medical (Covid) and military (Afghanistan) defeats deepen social divisions Exploding debt bubbles (gov’t, corporate, and personal) Threats of inflation China’s rise as a US competitor: its “surprise” strategy 2021-09-0953 minGlobal CapitalismThe Challenge of China [July 2021]In this month's lecture, Prof. Wolff will discuss the following: China’s Economic Growth since its Revolution (1949) China’s Economic “Model” and the Global Economy China, Capitalism, and Socialism China versus the US: Options versus Threats 2021-07-1555 minGlobal CapitalismBiden’s Economic Plans and Likely Results [May 2021]In this month's lecture, Prof. Wolff will discuss the following: Changes in Government Spending and Taxing Joe Biden and Franklin Roosevelt: Differences and Similarities Historic Decline of US Capitalism: Reality vs Denial 2021-05-131h 03Global CapitalismMarch 2020-March 2021: Covid and the Crash [March 2021]In connection with Prof. Wolff’s discussion of the main topic above, he will also give short updates on: who lost what; who gained what; where is the US economy headed now; and lastly, political fallout: revisiting the January 6 DC assault2021-03-111h 29Global CapitalismUS Capitalism’s Decline and Desperate Efforts to Save It [January 2021]Professor Wolff will also give short updates on: the US military intervention in elections; a major political breakthrough in Argentina led by women; the economics of advertising; Trump’s political crash and lastly, Biden’s Economic “Team.”2021-01-141h 20Global CapitalismCapitalism’s Decline Accelerates [September 2020]Prof. Wolff presents the following topics: the failures mount: failed preparation for COVID-19; failed containment of COVID-19; failed preparation for 2020 capitalist crash; failed containment of crash’s social effects; failed scapegoating. The social problems explode: systemic racism; State and local budget collapse; unaffordable housing and eviction.2020-09-101h 18Global CapitalismAs US Capitalism Shakes, US Socialism Renews [July 2020]Topics: mass unemployment undercuts US capitalism; Trump vs Biden: neither are solutions, the choice is a symptom of system decline; what old socialist responses to today’s crisis would be; what new socialist solutions to today’s crisis could be. Wolff also covers: why US capitalism has needed racism, and and how it has used it; why US current protests against racism and police violence are so strong.2020-07-091h 10Global CapitalismWolff Responds: Protests and Class WarProf. Wolff talks about the protests sweeping across the US incited by yet another brutal killing of a Black American, George Floyd. He argues that the capitalist system, with its endless drive for profits over people, is the true culprit and failing Americans. The levels of inequality, massive unemployments, and injustices are symptomatic of a system that is in deep trouble. Divide and conquer, or class war is the tactic capitalists are using to distract Americans from uniting against the common enemy: capitalism.2020-06-0210 minGlobal CapitalismCorona and Capitalism: Overlapping Sicknesses [May 2020]Topics: why capitalist enterprises & governments failed to prepare for Corona; private unemployment vs gov’t re-employment; pandemic policies worsen inequality, instability of capitalism; how to do better than capitalism during Corona. In connection with Wolff’s discussion of the main topic above, he covers the following issues: Bubonic plague/feudalism dies; Corona virus/capitalism dies; the pandemic and worker cooperative enterprises.2020-05-141h 08Global CapitalismChanging Strained Alliances of World Capitalism [March 2020]In connection with Wolff’s discussion of the main topic above, he will also cover the following issues: US in decline turns nationalist, drops old allies, targets China Europe in decline turns toward China, away from US UK and Japan: isolated, in greater decline Other nations desperate to survive amid changing alliances Bloomberg: another billion dollar disaster uses the system Why some mega-corporations are OK with Green New Deal movement 2020-03-121h 15Global CapitalismThe Three Key Economic Issues of 2020 [Jan 2020]In connection with Wolff’s discussion of the main topic above, he will also cover the following issues at the January 08, 2020, event: How, why US economy is not in “great” shape How, why US capitalism now struggles between tariffs, trade wars (protectionism) and free trade (globalization) Tensions, conflicts with China Class War in France: Macron vs united unions and yellow vests Class War in the UK: Labor Party defeat, Brexit, and what comes next 2020-01-091h 21Global CapitalismThe Economics of Taxing Wealth [November 2019]In connection with Wolff’s discussion of the main topic above, he will also cover the following issues at the November 13, 2019, event: - Current wealth tax proposals by Bernie Sanders, Elizabeth Warren - How US already taxes wealth (of some, not others} - How other countries tax wealth - How US enables/allows wealth to escape taxes - Redistributing wealth: pros and cons- The protest movements in Chile, Lebanon and beyond and how they differ from those in Hong Kong - The overdue critique of “libertarian” capitalism2019-11-141h 35Global CapitalismUS-China Trade Wars: Causes, Prospects, Risks [Sept 2019]In connection with Wolff’s discussion of the main topic above, he will also cover the following issues at the July 10th, 2019, event: Gainers and Losers Trade Wars and Military Wars A New US Isolationism? Trade War, Recession, and the 2020 Election 2019-09-121h 40Global CapitalismGlobal Capitalism: Economic Issues of the Upcoming US Elections [July 2019]In connection with Wolff’s discussion of the main topic above, he will also cover the following issues at the July 10th, 2019, event: - US-China Trade War and Tariffs - Immigration, Census Questionnaire, Anti-foreigner propaganda - Student Debt Relief - Federal Reserve and Lowering Interest Rates2019-07-121h 40Global CapitalismGlobal Capitalism: Rise of Socialism in the US Today [May 2019]In connection with Wolff’s discussion of the main topic, he will also cover the following issues at the May 8, 2019, event: 1. Libertarianism and socialism 2. Anti-capitalism and socialism 3. Democratic socialism: its multiple meanings2019-05-091h 31Global CapitalismGlobal Capitalism: US and China: 1 Global Economy, 2 Giants - Tariffs, Competition, Deals: What’s ComingThese programs begin with 30 minutes of short updates on important economic events of the last month, then Prof. Wolff analyzes several major economic issues. For March 2019, these issues will include: 1. The record US gov’t budget deficit in 2018: causes and effects 2. The record US trade deficit in 2018: causes and effects 3. Unions reviving? Strikes, organizing and the looming strategic decision they face about socialism in the US 2019-03-141h 33Global CapitalismGlobal Capitalism: Huge Risks for Economy and Politics - What We Can ExpectIn connection with Wolff’s discussion of the main topic, he will also cover the following issues at the January 9, 2019, event: 1. Historic “yellow vests” movement in France and beyond 2. GOP and Dems face threats, splits, and opportunities 3. Record global debt levels and crises capitalism2019-01-101h 35Global CapitalismGlobal Capitalism: The Economic Consequences of the Election - What Can We Expect? [November 2018]In connection with the main topic above, Prof. Wolff discusses: 1. Is another crash coming? 2. The economic and political lessons from young US socialists winning elections 3. The main, different meanings of “socialism” these days. 2018-11-151h 39Global CapitalismGlobal Capitalism: Economic Nationalism [September 2018]Economic Nationalism: How Capitalism Tries to Cope With Extreme Inequality As global capitalism changes, each country tries to grab gains from and shift losses onto others: nationalist hostility becomes the new “spirit of the age” (Brexit, Trump, demonization of immigrants and foreigners, etc.). In connection with Wolff’s discussion of the main topic above, he will also cover the following issues at the September 2018, event: Emerging market crises (Venezuela, Turkey, Argentina, Indonesia, etc.) Modern Monetary Theory, how banks create money, and the meaning of today’s record levels of government, corporate and personal debts.2018-09-271h 32Global CapitalismGlobal Capitalism: Immigration and Trade War: The Economics of Desperation [July 2018]These programs begin with 30 minutes of short updates on important economic events of the last month, then Wolff analyzes several major economic issues. For July 2018, these issues will include: : The anti-union Janus decision of the Supreme Court The Obrador election victory of the left in Mexico 2018-07-121h 28Global CapitalismGlobal Capitalism: Linking Trump and Marx’s Critique of Capitalism [May 2018]These programs begin with 30 minutes of short updates on important economic events of the last month, then Wolff analyzes several major economic issues. For May 2018, these issues will include: : 1. Power and potential of public school teachers’ strikes 2. The 200th anniversary of Marx’s birth and Marxian economics today 3. Comparing the conditions of the US and Chinese working classes today2018-05-121h 49Global CapitalismCut Taxes, Deport Immigrants, Impose Tariffs [March 2018]Co-sponsored by Democracy at Work and Judson Memorial Church These programs begin with 30 minutes of short updates on important economic events of the last month, then Wolff analyzes several major economic issues. For March 2018, these issues will include: West Virginia public school teachers strike victory Why 700 Quebec doctors reject salary increases Economics of the US gun industry 2018-03-151h 36Global CapitalismThe GOP/Trump Plan for 2018 [January 2018]Co-sponsored by Democracy at Work and Judson Memorial Church These programs begin with 30 minutes of short updates on important economic events of the last month, then Wolff analyzes several major economic issues. For January 2018, these issues will include: Reviving the “privatization” myth (that private works better) Reviving the “deficit problem” myth (their tax cut caused that deficit) Pushing the bottom 2/3 of Americans into long-term economic decline. Learn more: http://www.democracyatwork.info/media#gc 2018-01-191h 26