Global Capitalism: Affordability: Why So Much Costs Too Much and What to do About it

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In our capitalist economy, employers pay wages and set prices that together determine whether a decent life is affordable. Employers’ goal is to maximize their profit. But employees – the vast majority of us – have different goals. One of them is basic affordability. In this presentation of Global Capitalism, Professor Wolff discusses the factors at play in determining our cost of living, and ways we can and should get involved in affecting them. 

This video was produced by Democracy At Work and published on their YouTube channel on the 19th of November, 2025. We have translated it into German and are republishing it today to help build opinion on this issue in Germany and beyond.

To read the transcript of the interview: Global Capitalism: Affordability: Why So Much Costs Too Much and What to do About it

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VIDEO: Global Capitalism: Affordability: Why So Much Costs Too Much and What to do About it

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ABOUT RICHARD D. WOLFF

Richard D. Wolff is Professor of Economics Emeritus at the University of Massachusetts Amherst, currently a visiting professor in the Graduate Program in International Affairs at The New School in New York City. He is co-founder of the organization Democracy at Work and host of the weekly program “Economic Update,” and is widely known for his critiques of capitalism and work on class analysis and economic crises.