Capitalism’s Creation, Everybody’s Problem Posted on 2022-09-16, Richard Wolff, Democracy at Work Nicholas asks a very, very important question. He asks, what would be the difference in how a democratically run worker co-op would manage one of the key, central problems of modern capitalism that the system itself has not solved. Now he’s mostly talking Read more…
What is Communism? Posted on 2022-09-15, Richard Wolff, Democracy at Work Today’s is going to be partly something I’ve wanted to do for a long time, partly something that is coming back into the public awareness, and finally something that many of you have asked me to do. I’m going to try to give you an overview of Read more…
Behind the ‘Economic Policy’ Façade, It’s Class War Posted on 2022-09-09, Richard Wolff, Democracy at Work “Class warfare lies behind how many politicians, mass media, and academics explain the economic problems requiring the solutions that their policies offer.” At the end of July, an economic adviser working for Bank of America wrote a memo that got leaked. Read more…
Western Capitalism’s Decline Posted on 2022-09-07, Richard Wolff, Democracy at Work A 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 Read more…