Capitalism is Unstable…and It's Designed That...

In today's "Ask Prof. Wolff Live," the discussion will cover the potential Marxist themes in Shakespeare's works, the distinctions between employee stock ownership programs (ESOP) and work cooperatives, and the concerning practices of investors buying up tangible assets and pr ...

This week on Ask Prof Wolff Live, we explore anti-inflationary measures implemented by central banks, the rationale behind income caps subject to social security tax, and the potential implications of transitioning from a socialist or communist economy to a wartime footing. Ask P ...  Show more

Some analysts argue that capitalism would work better without democracy, while others believe that democracy would be better off without capitalism – so what’s the solution? In his new book “The crisis of democratic capitalism”, Martin Wolf, chief economics commentator at the Fin ...  Show more

Are we heading towards another economic crisis? The stock market plunged last week; private debt is at an all-time high; speculative markets are on the rise; wealth remains concentrated at the top; and workers are stuck in precarious low-wage jobs. My guest today, William I. Robi ...  Show more

[EU S14 E18] Uneven Development a Key Problem of Capitalism This week in honor of Karl Marx's birthday over this past weekend, Professor Richard Wolff offers a discussion of Marx's important theory of uneven development as central to capitalism. We show its widespread existence, ...  Show more

It won't come as a surprise to most to hear that the Trump administration has completely dropped the ball on their response to the covid pandemic. The misinformation campaign, lack of empathy, and outright failure of this administration to address the dangers and impacts of co ...