“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 […]
Capitalism is not there to serve society, but to enrich a small minority. Richard D. Wolff is professor of economics emeritus at the University of Massachusetts, Amherst, and a visiting professor in the Graduate Program […]
The effects of Covid are much greater for the poor and even the middle class than the rich. This is not a biological phenomena, but an economic one. Richard D. Wolff is professor of economics […]
What really lies behind the term capitalism? 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 […]
The government mostly does what its constituents with money and power make it do. Richard D. Wolff is professor of economics emeritus at the University of Massachusetts, Amherst, and a visiting professor in the Graduate […]
Capitalists in general—and U.S. capitalists in particular—calculated that profits would be greater in other investments than those that could have produced the items needed to prepare for and contain COVID-19. They also determined that the […]
Until now the EU, led by Germany, has had an embarrassing policy of appeasement towards Trump’s trade policies in an effort to protect German car exports. Richard D. Wolff is professor of economics emeritus at […]
In the United States minorities are capitalism’s “business cycle shock-absorber” 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 […]
We continue with our series of articles mapping out possible ways of changing the economy to once again serve the majority of people and preserve the environment. Richard D. Wolff is professor of economics emeritus […]
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