Inflation and Labour Shortage Posted on 2021-07-20, Richard Wolff, Democracy at Work This time of year, the July 4th holiday, is on people’s minds and I wanted to start with that because it allows us an insight into economic problems we’re facing now. Independence, back in the end of the 18th century, was on Americans Read more…
Blaming Government for Capitalism’s Ills Posted on 2021-06-10, Richard Wolff, Democracy at Work A patron of Economic Update asks: “According to a recent Axios article on Americans’ trust in institutions (linked below), 77% say they trust their employers and 62% trust businesses, both outperforming NGO’s and government by significant margins. After a mass upward transfer of wealth, decades Read more…
Economic Update – Alberta 2021-06 Posted on 2021-06-05 The insurance industry in Alberta is rising prices of insurance premiums. In some cases, by 18%. Their defense is “you see this happens when the (NDP) government freezes insurance premiums in the province”. This is a “natural” reaction to all of that. Another one: “Alberta is a Read more…
Capitalism vs. Democracy Posted on 2021-05-15, Richard Wolff, Democracy at Work In the wake of the attack on the Capitol January 6th, there have been many statements from republicans, democrats and others referring to “an attack upon our democracy”. Well, when you put that together with the questions many of you have sent to me about what Read more…
Marxism’s Ongoing Relevance Posted on 2021-04-14, Richard Wolff, Democracy at Work Today I responds to a request many of you have made and something that I’ve wanted to do for quite a while. To talk about the ongoing relevance and importance of Marxism. It’s an important tradition not only of thinking about the world but Read more…
Economic Update, Alberta, 2021-03 Posted on 2012-03-22 Economic activity in Alberta plummeted to all time low in the last couple of years as a fallout of global capitalism’s crises. The provincial government has not enough income. Less people are paying income taxes due to high unemployment, less taxes are coming in from businesses too. It Read more…
Economic Update, Alberta, 2021-02 Posted on 2021-02-20 There are 90000+ abandoned oil wells (The Issue with Abandoned Oil Wells in Alberta – EnergyRates.ca) in Alberta. 600 companies benefited from 300+ million CAD federal money to clean up the mess of private capitalist corporations. 1500 jobs were created. The Alberta Government takes credit for it. And Read more…
The Real Reason Why Lockdowns are Opposed Posted on 2021-02-12, by Richard Wolff I want to talk about the so-called controversy between lockdowns as a strategy to deal with covid19 and personal freedom. I think this is 100% a phony issue. Let me explain. Why everyone in the business of medical care, every epidemiologist, every Read more…
Posted on 2021-01-23 Chapter 6 from the Anti-Capitalist Chronicles by David Harvey The topic of freedom was raised recently when I was giving some talk in Peru. The students there were very interested in the question: “Does socialism require a surrender of individual freedom?” The right wing has managed – particularly in the United States, Read more…
Anti-Capitalist Chronicles by David Harvey Posted on 2021-01-02 Editor’s Note Jordan T.Camp and Chris Caruso In this book, The Anti-Capitalist Chronicles, David Harvey, leading Marxist geographer and theorist of capitalism, offers interventions in the current conjuncture. It provides timely observations and incisive interventions into current events and contemporary debates. Likewise, the book offers a Marxist Read more…