Watch as Professor Richard Wolff breaks down the root causes of today's economic crisis, showing how it was decades in the making and in fact reflects seismic failures within the structures of American-style capitalism itself. Wolff traces the source of the economic crisis to the 1970s, when wages began to stagnate and American workers were forced into a dysfunctional spiral of borrowing and debt that ultimately exploded in the mortgage meltdown.
Prof. Wolff joins David Pakman to discuss the implications of the Panama Papers leak.
Prof. Wolff speaks to The Levy Economics Institute. Sponsored by: Economics Club; Economics Program; Hannah Arendt Center; Levy Economics Institute.
Prof. Wolff analyzes the economy of the US from a Marxist perspective. Capitalism yields an unequal distribution of wealth, creating unsold products, resultant from production power exceeding the purchasing power of the bulk of society. Credit is then created to fill the gap until the credit cannot be repaid. The system collapses, and the elite cause the victims of the collapse to be taxed en masse, to reset the system for another round.
The Varieties of Socialism: An Economic Analysis
Prof. Wolff joins Sophie Shevardnadze of RT America to discuss the American Election campaign.
Prof. Wolff talks to News.Markets about the underlying problems facing the US economy. Video is in 2 parts.
Professor Wolff talks to host of The NOWMAN Show Niswander about socialism, capitalism, worker co-ops.
Despite a concerted effort by the U.S. Empire to snuff out the ideology, a 2016 poll found young Americans have a much more favorable view of socialism than capitalism.
Though he died 133 years ago, the analysis put forward by one of the world’s most influential thinkers, Karl Marx, remains extremely relevant today. The Empire’s recent rigged presidential election has been disrupted by the support of an avowed socialist, Bernie Sanders, by millions of voters.