Richard D. Wolff is a Marxian economist and professor emeritus of economics at the University of Massachusetts Amherst. He is currently a visiting professor at the New School University and previously taught at Yale University. Wolff is the founder of Democracy at Work and has written or contributed to over a dozen books, including his most recent, “Capitalism's Crisis Deepens: Essays on the Global Economic Meltdown,” and “Understanding Marxism.” Wolff earned his bachelor’s at Harvard and his master’s in economics and history, as well as a doctorate in economics, at Yale.
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"By democratizing our workplaces, we can supplant the dominant ecomomic system which cannot escape its intrinsic exploitation of labor"
"It is important to notice how leaders carefully, consistently avoid any critique of the capitalist system and its internal structure for generating yet another economic downturn in its long, long history of doing that repeatedly. That absence speaks very loudly once you note it."
"As the economist Richard D. Wolff explains, the company's valuation, and Bezos' personal wealth, are signs not of unrivaled innovation, but of economic extortion."
"In this interview, Wolff discusses how market-based economies have had their critics since the times of Plato and Aristotle, how both major US political parties have become subservient to the gospel of capitalism and how technology isn’t always constructive."
In a video produced by Democracy at Work, Professor Richard D. Wolff discusses "the parallels of declining capitalism in the UK and U.S." as well as capitalism's impact in Central and South America.
"Whatever distractions candidates promote to win voters, some underlying issues will wield their influence on 2020 election outcomes in any case. The biggest of these are the historically accumulated anger and betrayal felt by millions of working class Americans."