In 2017 a minimum wage was introduced (!) in Germany. It was only 8.84€ per hour. Leading economists like Hans Werner Sinn, Germany’s chief neo-liberal ideologue, predicted an increase of one million unemployed. Not only […]
What will the consequences of this transition be – beside increased inequality? And how much inequality can societies tolerate? Richard D. Wolff is professor of economics emeritus at the University of Massachusetts, Amherst, and a […]
If there is one topic that mainstream media and the political class wishes to ignore, it is the egregious inequality in the West. Poverty is a phenomenon of “down there”. Richard D. Wolff is professor […]
We need to drop the taboo on debating how we ought to organize the workplaces where most adults spend most of their lives. Richard D. Wolff is professor of economics emeritus at the University of […]
When the political elite inexorably furthers the interests of the 1%, that is no longer democracy. Then they wonder why citizens are losing their faith in democracy. Richard D. Wolff is professor of economics emeritus […]
It will take progressive spirits inside and outside his party to take Biden’s economic management away from centrism Richard D. Wolff is professor of economics emeritus at the University of Massachusetts, Amherst, and a visiting […]
No matter who “won” the U.S. election, what will not change is the capitalist organisation of the country’s economy. Richard D. Wolff is professor of economics emeritus at the University of Massachusetts, Amherst, and […]
Fascism is the absolute reign of neo-liberalism. Richard D. Wolff is professor of economics emeritus at the University of Massachusetts, Amherst, and a visiting professor in the Graduate Program in International Affairs of the New […]
“Fascism merges private capitalism and the state. Political power then enforces capitalism’s basic rules: the economic dominance of the major shareholders and their top directors and managers.” Do not panic, Wolff is writing about the […]
An interesting take not only on China, but the USSR and Europe as well. Richard D. Wolff is professor of economics emeritus at the University of Massachusetts, Amherst, and a visiting professor in the Graduate […]
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