Green & Red: Podcasts for Scrappy Radicals

Richard Wolff talks about the Economy (G&R 99)

Jul 20, 2021

Ask episode

Chapters

Transcript

Episode notes

Green and Red Podcast had a great conversation with Professor Richard Wolff (@profwolff) about economic theories, the vital role of the government in subsidizing and supporting corporations and banks, China's economic strength, how the Federal Reserve creates money for people who already have great wealth, growing inequality, and the continued importance of Karl Marx.

A lifelong professor of economics, Richard D. Wolff is a well-known critic of contemporary capitalism and the leading proponent of an alternative economic system based on Worker Self-Directed Enterprises (WSDEs). He is the host of Economic Update, and has been interviewed on several popular television programs that include: Real Time with Bill Maher, Bill Moyers’ Moyers & Company, The Charlie Rose Show, and Up with Chris Hayes.

As the founding director of Democracy at Work (d@w), Wolff’s publications that advocate for making the workplace democratic include articles in Truthout.org, The Guardian, Common Dreams, as well as his recent book: Capitalism's Crisis Deepens.

He is Professor of Economics Emeritus, University of Massachusetts, Amherst where he taught economics from 1973 to 2008. Earlier he taught economics at Yale University and at the City College of the City University of New York. Wolff was also a regular lecturer at the Brecht Forum in New York City. He is currently a Visiting Professor in the Graduate Program in International Affairs of the New School University in New York City.