Poverty isn’t a lack of character; it’s a lack of cash | Rutger Bregman

I’d like to start with a simple question: Why do the poor make so many poor decisions? I know it’s a harsh question, but take a look at the data. The poor borrow more, save less, smoke more, exercise less, drink more and eat less healthfully. Why? Well, the standard Continue Reading

Economic Update: Marxism’s Contribution

Welcome friends to another edition of Economic Update a weekly program devoted to the economic dimensions of our lives, jobs, debts, incomes, our own those looming down the road, those of our kids I’m your host Richard Wolff, I’ve been a professor of economics all my adult life and I Continue Reading

Is capitalism really ending poverty? | Crunched

So, what shall we spar about today? Today we’re going to be asking: Has capitalism made the world a better place? We’re going to be looking at this debate between two groups of economists about global poverty reduction. So, has it happened? How fast has it happened, if it has? Continue Reading

Economic Update: Rise and Fall of the USSR

Welcome, friends, to another edition of Economic Update—the weekly program devoted to the economic dimensions of our lives: jobs, debts, incomes, our own and those of our children. I’m your host, Richard Wolff, and I prepare these economic updates each week. Today, we’re going to depart briefly from our normal Continue Reading

Marxist Economist debates FOX’s Stuart Varney about Socialism

Senator Bernie Sanders renewing calls for a single-payer health care system as the GOP fails to replace and repair Obamacare. Listen to Senator Sanders: [TAPPER] Are you going to introduce single-payer? [SANDERS] Absolutely, of course we are. We’re just tweaking the final points of the bill and we’re figuring out Continue Reading

Richard Wolff Explains 3 Kinds of Socialism

So I want to devote this program to going over with you the three major ways this idea of socialism is understood, because those ways are relevant today, those ways are fighting it out amongst themselves in terms of the allegiance, feelings and thoughts of people around the world, and Continue Reading

Richard Wolff responds to Jordan B. Peterson

Through the magic of the internet it is possible for me to respond to some things that were said by a Canadian psychologist by the name of Jordan Peterson who teaches at the University of Toronto. I’m not going to be talking about the psychology he teaches or that he Continue Reading

Richard Wolff: Socialism is Changing

The socialism that is emerging is not the socialism of our parents and grandparents. A fundamental shift has happened and we shouldn’t be surprised that socialism is changing because, after all, it’s the shadow, as I said, of a capitalism which is also changing. 100 years ago most capitalists were Continue Reading

Economic Update: Black Socialists of America [Trailer]

Demonization of everybody left-of-center became a passion engaged in by both Republicans and Democrats. Socialism can and has appealed to the American people in the past and it looks to be doing that again now. We thought you know we can have a platform you know to educate and to Continue Reading

Richard Wolff talks about communism as one of 3 basic kinds of socialism

Let’s turn to the second one; the communist alternative, when the government takes over running and owning enterprises and plans the output. Well there what we have is interesting results. First, these sorts of economies have been stunningly successful in achieving one of their central goals which is economic growth. Continue Reading