Richard Wolff on Marxism, Capitalism, Corporations, Worker Cooperatives & Democracy at Work
In this interview with Professor of Economics Emeritus (University of Massachusetts), Marxist economist and founder of Democracy at Work, Richard D. Wolff, we talk to him about Marxism, global economy, corporations, workers cooperatives & democracy at the workplace.
What is Marxism? And why is it associated with Soviet style communism, Stalinism or Maoism?
Why is the financial sector booming and posting record numbers on stock markets while on the hand banks are faltering, worker’s unrest is rising and economic turmoil keeps making headlines?
Does the pathology and internal structure of corporations have an adverse impact on democracy, environment and humane practice?
Are there alternative business models that take democracy, environmental sustainability and humane practice into account?
Should people focus more on changing their consumption habits (organic, fair-trade, separating thrash, etc.) or should they divert their energies towards reforming production?
All of this and more is addressed in the video below:
Richard D. Wolff is Professor of Economics Emeritus, University of Massachusetts, Amherst. He is currently a Visiting Professor in the Graduate Program in International Affairs of the New School University in New York. Wolff has also taught economics at Yale University, City University of New York, and the University of Paris I (Sorbonne). He is a co-founder and contributor of Democracy at Work, a non-profit organization that promotes democratic workplaces as a key part of a transition to a better economic system.
Wolff has published many books and articles, both scholarly and popular. Most recently, in 2012, he published the books Democracy at Work: A Cure for Capitalism (Haymarket Books) and Contending Economic Theories: Neoclassical, Keynesian, and Marxian, with Stephen Resnick (Cambridge, MA, and London: MIT University Press). He writes regularly for Truthout.org. He has been interviewed on The Charlie Rose Show, Up with Chris Hayes, Real Time with Bill Maher, Democracy Now!, Al-Jazeera English, Thom Hartmann, NPR, Alternative Radio, and many other radio and TV programs in the United States and abroad. The New York Times Magazine has named him “America’s most prominent Marxist economist.
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