Capitalism: Fantasies & Realities
The stories spun about the economy are more akin to fairy tales. The most popular one, endlessly repeated, is that if you work hard you’ll get ahead. Another is trickle down. Remember that one? The fat cats get fatter and you’ll benefit by getting the leftover crumbs. It’s a wonder after decades of breathtaking income and wealth inequality and flat wages for most workers that these tales are still told. Noam Chomsky talks about “really existing capitalism,” dependent on state subsidies, tax breaks and loopholes. The drift to oligarchy continues unabated. Corporate power is dominant. It has tremendous political influence. The media fail to inform. In spite of all that, people all over the world, tired of enduring the lies and deprivations, are asking questions about the fantasies and realities of capitalism.
Richard Wolff is Professor of Economics Emeritus at the University of Massachusetts in Amherst and currently a visiting professor at the New School in New York. The New York Times calls him “America’s most prominent Marxist economist.” He is the author of numerous books including Democracy at Work, Capitalism’s Crisis Deepens and Occupy the Economy with David Barsamian.
Heidi Saraf –
I listen to his Economic Update on KPFA and have been at his presentation in Berkeley and have most of his books. Thanks so much for having him Alternative Radio!
Caught the lecture last night by Richard Wolff while driving.
I think it was excellent!!!
I have known for a long time that capitalism is death to the environment. Every victory, when they happen, is temporary. Worse, NGOs don’t even ask for the real solutions. We are beaten down.
Ted Reees –
Very well expressed and plainly saying what so many people need to clearly hear. One of the best I’ve ever heard! Great job Mr. Richard Wolf!