The American Political Process Is Disconnected From Economic Reality Posted 2022-02-27, Richard Wolff, Democracy at Work The growing disconnect between the capitalist system and the economic realities plaguing the United States is now nearing completion. On the ground, the accumulated problems of U.S. capitalism undermine its empire and challenge its very future. Meanwhile, the ever-deepening Read more…
Ukraine, Sanctions, Raising Inflation Posted on 2022-02-26, Richard Wolff, Democracy at Work This is Richard Wolff wanting to respond about this Ukraine crisis many of you have asked, and I want to talk to you about, particularly, the economic dimensions of it. Of course, we are all worried. Wars in Europe have been devastating over Read more…
World Inequality Report 2022 Posted on 2021-12-23, Richard Wolff, Democracy at Work This is Richard Wolff from Democracy at Work with another wolf response. This time I’m responding to something called the World Inequality Report of 2022. It is a regular report issued by the group known for two of its researchers Thomas Piketty and Read more…
The Real Drivers of Inflation Posted on 2021-12-11, Richard Wolff, Democracy at Work The quantity of nonsense being spewed about around the inflation that’s engulfing the American economy is truly impressive. Republicans are using it to make their usual remarks, democrats are doing the same defensively, which is their posture towards republicans anyway. These days Read more…
The Municipal Bond Racket Posted on 2021-11-26 by Richard Wolff, Democracy at Work This is Richard Wolff from Democracy at Work responding to another ask Prof Wolff question. This one comes from Brandon Gilbreth, and he asks me about the hamster wheel of municipal bonds, and by that I think he means from what he Read more…
Economic Update – Alberta – 2021-11 Posted on 2021-11-20 Alberta “invests” $131M into new emission reduction projects. The news outlets celebrate, the Alberta Government celebrates, but the conservationists keep quiet about this. No doubt any emission reduction is good. No doubt. Alberta invests $131M into new emission reduction projects (mymcmurray.com), Alberta invests $131 million in carbon Read more…
BS Economics to Excuse Capitalism Posted on 23-10-2012, Richard Wolff, Democracy at Work What agitates me, and that happens fairly often, as you know, is when headlines and pundits tell you about an economic problem in such a way that they really do 99% ideological indoctrination and 1% analysis. Nothing illustrates this better than the Read more…
More on Inflation Posted on 2021-10-07, 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 Michael Dorr, and Michael asks me about inflation. Basically, his question is how do you understand it, what do people mean Read more…
Huge Berlin Victory for Public Housing Posted on 2021-10-03 by Richard Wolff, Democracy at Work There have been some stunning elections in Germany very recently. But the most important item is not the results of the parliamentary elections, although I do want to give a nod to the German Socialist Party the SPD which came Read more…
Explaining 21st-Century Capitalism in a Way Everyone Can Understand Posted on 2021-08-24, Richard Wolff, Democracy at Work “Every other economic system in human history was born, evolved, and ceased to exist at some point. The most reasonable expectation is that capitalism, having been born and evolved, will also cease to exist one day.” Now that Read more…