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The State of Capitalism -- When and Why Will It End?

Wednesday, April 26, 2017 By Richard D. Wolff, acTVism Munich | Video
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In this educational video Professor of Economics Emeritus (University of Massachusetts), Marxist economist and founder of Democracy at Work, Richard Wolff, talks about capitalism's current and future state. Prof. Wolff also explains how changes in how the workplace is organized can play a transformative role from capitalism into a more humane and rational system.

The following questions are addressed in this educational video:

  • When will capitalism end?
  • What condition is capitalism in today and what factors are driving its demise?
  • Is there an historical connection between the cutback of social welfare (austerity measures) in Europe and North America today and the collapse of the Soviet Union in 1989 as well as the  economic reforms of China that began in the late 1970s?
  • How are the wealthiest 1% coping with the decline of capitalism? What techniques are they employing to control policies of the state and what effects does this have on people?
  • Can capitalism be saved or reformed? Are there any viable alternatives?
  • Why does the Left today have to be critical of the traditional understanding and practice of socialism?
  • Why and how do we have to change our workplace in order to make a transformation away from capitalism?
This piece was reprinted by Truthout with permission or license. It may not be reproduced in any form without permission or license from the source.

Richard D. Wolff

Richard D. Wolff is professor of economics emeritus at the University of Massachusetts, Amherst, where he taught economics from 1973 to 2008. He is currently a visiting professor in the Graduate Program in International Affairs of the New School University, New York City. He also teaches classes regularly at the Brecht Forum in Manhattan. Earlier he taught economics at Yale University (1967-1969) and at the City College of the City University of New York (1969-1973). In 1994, he was a visiting professor of economics at the University of Paris (France), I (Sorbonne). His work is available at rdwolff.com and at democracyatwork.info.

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The State of Capitalism -- When and Why Will It End?

Wednesday, April 26, 2017 By Richard D. Wolff, acTVism Munich | Video
  • font size decrease font size decrease font size increase font size increase font size
  • Print

In this educational video Professor of Economics Emeritus (University of Massachusetts), Marxist economist and founder of Democracy at Work, Richard Wolff, talks about capitalism's current and future state. Prof. Wolff also explains how changes in how the workplace is organized can play a transformative role from capitalism into a more humane and rational system.

The following questions are addressed in this educational video:

  • When will capitalism end?
  • What condition is capitalism in today and what factors are driving its demise?
  • Is there an historical connection between the cutback of social welfare (austerity measures) in Europe and North America today and the collapse of the Soviet Union in 1989 as well as the  economic reforms of China that began in the late 1970s?
  • How are the wealthiest 1% coping with the decline of capitalism? What techniques are they employing to control policies of the state and what effects does this have on people?
  • Can capitalism be saved or reformed? Are there any viable alternatives?
  • Why does the Left today have to be critical of the traditional understanding and practice of socialism?
  • Why and how do we have to change our workplace in order to make a transformation away from capitalism?
This piece was reprinted by Truthout with permission or license. It may not be reproduced in any form without permission or license from the source.

Richard D. Wolff

Richard D. Wolff is professor of economics emeritus at the University of Massachusetts, Amherst, where he taught economics from 1973 to 2008. He is currently a visiting professor in the Graduate Program in International Affairs of the New School University, New York City. He also teaches classes regularly at the Brecht Forum in Manhattan. Earlier he taught economics at Yale University (1967-1969) and at the City College of the City University of New York (1969-1973). In 1994, he was a visiting professor of economics at the University of Paris (France), I (Sorbonne). His work is available at rdwolff.com and at democracyatwork.info.