The Economic Crisis
Income Inequality
In the United States as in many other capitalist countries, recent decades have seen a growing distance between higher and lower personal incomes. Income inequality and poverty levels have risen. Occasionally defended as necessary, natural, and even desirable by some, most citizens have expressed more or less dismay and opposition to ever-greater personal income inequality. They see that inequality as helping to cause the severe global crisis since 2007. They believe that it strains the implicit social compacts holding contemporary capitalist societies together.Talking Congressman Ryan on KPFA's Evening News
Published on January 30, 2013AUDIOProfessor Wolff on KPFA's Evening News
Economic Update: "Economics and Banking"
Published on January 20, 2013AUDIOUpdates on Gerard Depardieu's individual tax evasion, corporate tax evasion via profit repatriation, worst CEOs of 2012, and phony DC "debt-ceiling" theatrics. Discussion of Swiss bank crimes, Keynesian vs Marxian economics, political turmoil in 2013, and criticism of markets. Response to question on new capital gains taxes. On Economic Update with Professor Richard Wolff, Wolff and guests will discuss the current state of the economy, both locally and globally in relation to the economic crisis.Revolution for Income Equality (blog)
The transitions from feudalism and other pre-capitalist economic systems to modern capitalism have always and everywhere been celebrated for bringing a new epoch of human history. Freedom, democracy, and equality were the hallmarks of those celebrations. The French Revolution of 1789 raised the slogan of liberte, egalite, fraternite. The US has long celebrated its capitalism for producing a vast “middle class” that permanently overcame previous societies’ tendencies toward extreme inequalities of wealth and income.Fiscal Cliff Follies: Political Theater Distracts From Key Problems With the Fix
orignally appeared in Truthout.orgExtremely unequal distributions of wealth and income continue to enable the richest and largest individuals and enterprises to manipulate the economy and control the political parties. The result is an economic structure disinterested in a democratically focused way out of crisis and decline.
Has Capitalism Proven Its Durability?
We ask if falling US unemployment rates and increased profits for large companies show capitalism can adapt and endure.Published on January 4, 2013VIDEOoriginally appeared on Al Jazeera's Inside Story
As unemployment in the US decreases and large companies expand their profit margins, has the capitalist system once and for all proven its ability to endure and adapt?
The jobless rate in the US has dropped to its lowest level in four years. And the economy, which in 2008 appeared to be on the brink of collapse, is said to be recovering.
Economic Update: "Unemployment Analyzed"
Published on December 30, 2012AUDIOUpdates on Marvins' "shared unemployment," $4 trillion profits hoarded by US corporations, and root issues of the "fiscal cliff." Discussion of solutions for unemployment. Responses to listeners: on pluses and minuses of China's economic growth and on the contradictions of "social investing."
On Economic Update with Professor Richard Wolff, Wolff and guests will discuss the current state of the economy, both locally and globally in relation to the economic crisis.15 Minutes of Fact with Jerry Ashton Interview
Are Worker Co-Ops the “Cure” for Capitalism, or a (“Gasp”) Slippery Slope to Socialism?Published on December 30, 2012AUDIOFrom wgrnradio.com
My 15MOF interview today will be with someone I have wanted to have on our program for some time, and that is Dr. Richard Wolff, who is currently a Visiting Professor in the Graduate Program in International Affairs of the New School University here in New York City.
Credentials? He is Professor of Economics Emeritus, University of Massachusetts, Amherst, and has earned a BA magna cum laude in history from Harvard in 1963 and an MA in economics at Stanford.
Economic Update: "People, Power and False Economics"
Published on December 26, 2012AUDIOUpdates and discussion of pensions and guns, fiscal cliff, charitable tax deductions, Mondragon, the environment, and prison economics. On Economic Update with Professor Richard Wolff, Wolff and guests will discuss the current state of the economy, both locally and globally in relation to the economic crisis.
