In this video, economists Richard D. Wolff and Shahram Azhar discuss why capitalism can take very different institutional forms — from privately owned companies to enterprises run by the state. But when does the economic system itself actually change, and when does only the identity of those controlling it change? They examine the relationship between […]
In this lecture, Prof. Richard D. Wolff explains why the war in Ukraine has evolved into a direct confrontation between Europe and Russia—and why the dynamics of escalation are making a wider war increasingly difficult to avoid. Is Europe now standing at the edge of another devastating conflict? Wolff connects military escalation to Europe’s economic […]
In this video, former Greek Finance Minister Yanis Varoufakis and Richard D. Wolff, Professor Emeritus of Economics at the University of Massachusetts Amherst, discuss a central question: Are we witnessing the beginning of a new crisis of the U.S. dollar? Starting from the Petrodollar system, the Iran conflict, and growing uncertainty in financial markets, Varoufakis […]
In this video, former Greek Finance Minister Yanis Varoufakis and Richard D. Wolff, Professor Emeritus of Economics at the University of Massachusetts Amherst, discuss a central question: Are we witnessing the beginning of a new crisis of the U.S. dollar? Starting from the Petrodollar system, the Iran conflict, and growing uncertainty in financial markets, Varoufakis […]
In this video, Richard D. Wolff, Professor of Economics (emeritus) at the University of Massachusetts Amherst, analyzes the far-reaching economic consequences of the US-Israeli war on Iran. The focus is on the Strait of Hormuz, conflicting developments in energy prices and supply, and signs of escalation whose consequences may extend far beyond the region. The […]
We are currently in our annual crowdfunding campaign. If you want our independent and non-profit media network to continue in 2025, please participate in this campaign by clicking here. In this video, Professor Richard D. Wolff traces how globalization shifted from a widely celebrated economic strategy to a source of social and political backlash in the United […]
We are currently in our annual crowdfunding campaign. If you want our independent and non-profit media network to continue in 2025, please participate in this campaign by clicking here. In this interview, our founder and supporting editor, Zain Raza, speaks with Richard D. Wolff, Professor of Economics, about the growing economic pressures facing Germany and Europe. The […]
We are currently in our annual crowdfunding campaign. If you want our independent and non-profit media network to continue in 2025, please participate in this campaign by clicking here. 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 […]
This episode was recorded in June this year and Professor Wolff explains what deficits are and why the capitalist system enables and invites employers to cause them. He then proceeds to explain how deficits both solve specific problems of capitalism while also causing others. Over time, problems accumulate to undermine the credit of the US […]