Democracy is an illusion! It’s become a political system fostered by the élite, for the élite, in order to fool the people that they have a stake in the system. In actual fact, they have virtually none. The whole political system in the modern era, despite having noble beginnings, is now used to benefit the few at the expense of the many. – Mark Alexander, June 29, 2018
Wednesday, 12 July 2017
Marxian Economics vs Capitalism with Economist Prof. Richard D. Wolff
Professor Richard D. Wolff. is one of the world's leading Marxian economists and is a professor of economics emeritus at the University of Massachusetts, where he taught from 1973 to 2008. He is also currently a Visiting Professor in the Graduate Program in International Affairs of the New School University in New York. He is also a founding member of the Green Party of New Haven Connecticut, is the host of Economic Update, at WBAI in New York City, and has co-authored 13 books, most recently "Democracy at Work: A Cure for Capitalism" in 2012.
Do we have true capitalism? What exactly is Marxism, and why does it exist? Most Americans have a knee-jerk reaction against Marxism, but is it fully justified to not even speak of it? What political histories and structures are compatible with different economic systems? Is there a positive role Marxism has taken in national and world economies?
Avowed capitalist Cenk Uygur discusses these questions and much more with Professor Richard D. Wolff.
