{"id":7216,"date":"2021-05-21T16:02:12","date_gmt":"2021-05-21T14:02:12","guid":{"rendered":"https:\/\/www.actvism.org\/?p=7216"},"modified":"2021-05-21T16:02:12","modified_gmt":"2021-05-21T14:02:12","slug":"wirtschafts-update-kapitalismus-vs-demokratie-prof-wolff","status":"publish","type":"post","link":"https:\/\/www.actvism.org\/en\/opinions\/wirtschafts-update-kapitalismus-vs-demokratie-prof-wolff\/","title":{"rendered":"EDITORIAL PICK: Economic Update with Prof. Wolff: Capitalism vs. Democracy"},"content":{"rendered":"
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EDITORIAL PICK: Economic Update with Prof. Wolff: Capitalism vs. Democracy <\/strong><\/p>\n

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In this week\u2019s editorial pick for our Import program, we select a video from \u201cDemocracy at Work\u201d which analyses capitalism\u2019s impact on democracy.\u00a0<\/span><\/p>\n

On this week’s show, Prof. Wolff presents an analysis of how and why capitalism is an undemocratic economic system. The first half is devoted to the micro-level, namely to the organization of the enterprise (factory, office or store). Its undemocratic character is exposed using examples and empirical evidence. The second half has a macro-level focus that shows how capitalism’s generation of growing income and wealth inequality impels the employer class (a small numerical minority) to use their money politically. Their practice undermines real democracy leaving only its empty forms. <\/span><\/p>\n

To read the transcript of this interview, click here: Economic Update: Capitalism vs. Democracy<\/a><\/p>\n

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VIDEO: EDITORIAL PICK: Economic Update with Prof. Wolff: Capitalism vs. Democracy<\/h2>\n