Richard Wolff
Truthout
New York, NY, United States
Contact Richard
Discover and connect with journalists and influencers around the world, save time on email research, monitor the news, and more.
| Recent: |
|
| Past: |
|
Past articles by Richard:
Our Capitalist Economy's Dependence on Credit Is Driving Us Toward Fascism
Private capitalists and the top political circles in both major parties are merging into a dangerous political project. → Read More
Government Debts as Class Swindles
In modern capitalism, governments routinely borrow money. They do this to finance budget deficits that occur when governments raise less in taxes than they spend. Governments also borrow to invest in long-term projects of economic development. The swindling occurs when the lenders and borrowers—usually private financiers and career politicians—negotiate loans that serve their → Read More
Yes, We Can do Better Than Capitalism
As capitalism drives itself into ever-greater inequality, instability and injustice, its critics multiply. Worried defenders react in two ways. Many dismiss the criticisms. After all, capitalism has been around a long time and weathered ups and downs before. They presume or hope that criticism will fade as little really changes despite the critics, and frustrations set in. → Read More
The Capitalism/Racism Partnership
In the wake of W.E.B. DuBois ’s 150th birthday, his works offer a lens through which to assess US capitalism’s relationship to racism today. He famously wrote: “Capitalism cannot reform itself; it is doomed to self-destruction,” while adding that in the US, race would be a key issue in that process. Thus he would have had much to say when, around last Memorial Day, Trump suggested that NFL… → Read More
How Two-Party Political Systems Bolster Capitalism
Mainstream economics has always privileged one debate above all others as its most central. Should production and distribution of goods and services be private or public, done by individuals or the state? Mainstream economists likewise keep aggressively projecting this question as the central debate for politics and politicians. Such arrogant self-confidence is the other side of the insular… → Read More
How Two-Party Political Systems Bolster Capitalism
In two-major-party systems, political parties operate as if capitalism were the only viable economic structure. → Read More
Economic Update: Capitalism's Results
This episode provides updates on Obama's visit to Detroit, and more. → Read More
Economic Update: Fighting Right-Wing Economics
This episode provides updates on Flint's poisoned water, and more. → Read More
Economic Update: What Capitalism Is
This episode provides updates on an "Obamacare scandal," bank errors threatening depositors, public pension looting and subsidizing religion. We also have major discussions about the old and new meanings of capitalism as an economic system. → Read More
Economic Update: Economics and Real Issues
This episode provides updates on bikes displacing cars in Europe, and more. → Read More
Economic Update: Capitalism and/or Socialism
This episode provides updates on Spain's new left government, and more. → Read More
Debunking the Magnitude of Markets: A Holiday Story
If one applied market principles to a holiday meal, a guest might suggest charging the host to help clear the table after dinner. → Read More
Capitalism
The cause of global economic decline is the capitalist contradiction that can no longer be postponed by credit extension. → Read More
Economic Update: Economic Lessons From 2015
This episode provides updates on the Fed's interest rate hike, and more. → Read More
Economic Update: Transcending Capitalism
This episode provides updates on on transcending capitalism via worker cooperatives, and more. → Read More
Economic Update: Austerity's Social Costs
This episode provides updates on Portugal joining Greece against austerity, and more. → Read More
Economic Update: Ireland as a Tax Haven
This episode provides updates on immigration, economic alarmists and Ireland as a tax haven. → Read More
Economic Update: Big vs. Small Business
This episode provides updates on Japan's Recession, and more. → Read More
Economic Update: Economic Power Struggles
This episode provides updates on Greek and Portuguese austerity struggles, and more. → Read More
Economic Update: How Capitalism Works
This episode provides updates on the real costs of apps, and more. → Read More