Why Capitalism Cannot Finally Repress Socialism Posted on 2023-11-08, Richard Wolff, Democracy at Work Socialism is capitalism’s critical shadow. When lights shift, a shadow may seem to disappear, but sooner or later, with further shifts of light, it comes back. Capitalism’s ideologues have long fantasized that capitalism would finally outwit, outperform, and thereby overcome socialism: Read more…
AI: Profit vs. Freedom Posted on 2023-09-29, Richard Wolff, Democracy at Work Artificial Intelligence (AI) presents a profit opportunity for capitalists, but it presents a crucial choice for the working class. Because the working class is the majority, that crucial choice confronts society as a whole. It is the same profit opportunity/social choice that was Read more…
Add Your Heading Text HereThe World Economy Is Changing—the People Know, But Their Leaders Don’t Posted on 2023-06-11, Richard Wolff, Democracy at Work The year 2020 marked parity between the total GDP of the G7 (the U.S. plus allies) and the total GDP of the BRICS group (China plus allies). Since then, the BRICS economies Read more…
How Treasury Bonds Help Corporations and the Rich Posted on 2023-04-22, Richard Wolff, Democracy at Work This is Richard Wolff from Democracy at Work responding to another ask Prof Wolff question from a supporter, namely David and I want to thank David for posing the question very simply and clearly: what the roles are, or Read more…
Is Capitalism a religion? Posted on 2022-02-05, Richard Wolff, Democracy at Work This is Richard Wolff from Democracy at Work responding to another ask Prof Wolff question from our Patreon community. This question comes from Paul. And Paul asks basically a very simple question, which when you think about it, turns out not to be Read more…
What’s Wrong with Capitalism? Posted on 2023-01-21, Richard Wolff, Democracy at Work I want to talk about this because of what has happened over this last year just behind us. 2022 saw many economic problems emerge or become much more serious even as most of our leaders continue to practice the denial of them or Read more…
The Economic Realities We Face at the End of 2022 Posted on 2022-12-26, Richard Wolff, Democracy at Work Economies around the world were shocked and damaged over the course of 2022. Global capitalism had been brewing conflicts among the major powers (the United States, China, and the EU) for some time as their relative strengths Read more…
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…