The David Lin Report ‘Relentless Worsening Of Inequality’; End Of Capitalism Warns Economist | Richard Wolff
Sep 4, 2025
Richard Wolff, Co-Founder of Democracy At Work and a leading Marxist economist, discusses the alarming rise of income inequality in America and the disconnect between GDP growth and stagnant wages. He critiques the government's unpredictable trade policies and the impact of tariffs on American jobs, highlighting fears for middle-class job security. Wolff also delves into the controversial removal of Fed Governor Lisa Cook and the implications of government intervention in private enterprises, advocating for 'trickle-up economics' to foster true economic growth.
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Relentless Rise Of Inequality
- Inequality in the U.S. has grown steadily for about 35 years without meaningful reversal.
- Richard Wolff argues this worsening inequality deeply affects the rest of the economy.
Students Expect Precarious Futures
- Wolff describes teaching anxious students who expect precarious gig work instead of secure careers.
- He links their outlook to outsourcing, immigration, automation, and AI investments by firms.
Tariff Volatility Deterring Investment
- Tariff uncertainty creates radical economic uncertainty that deters investment and reshoring.
- Wolff says unpredictable on-again/off-again tariffs stop firms from relocating or expanding in the U.S.