Richard Wolff: The State of Capitalism – When and Why will it end?

Richard Wolff: The State of Capitalism – When and Why will it end?

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In this educational video Professor of Economics Emeritus (University of Massachusetts), Marxist economist and founder of Democracy at Work, Richard Wolff, talks about Capitalism’s current and future state. Prof. Wolff also explains how changes in how the workplace is organized can play a transformative role from Capitalism into a more humane and rational system.

The following questions are addressed in this educational video:

• When will Capitalism end?
• What condition is Capitalism in today and what factors are driving its demise?
• Is there an historical connection between the cutback of social welfare (austerity measues) in Europe and North America today and the collapse of the Soviet Union in 1989 as well as the  economic reforms of China that began in the late 1970s?
• How are the wealthiest 1% coping with the decline of Capitalism? What techniques are they employing to control policies of the state and what effects does this have on people?
• Can Capitalism be saved or reformed? Are there any viable alternatives?
• Why does the Left today have to be critical of the traditional understanding and practice of Socialism?
• Why & how do we have to change our workplace in order to make a transformation away from Capitalism?

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VIDEO: The State of Capitalism – When and Why will it end?

To view our educational playlist with Richard D. Wolff, click here.

RICHARD D. WOLFF

Richard D. Wolff is Professor of Economics Emeritus, University of Massachusetts, Amherst. He is currently a Visiting Professor in the Graduate Program in International Affairs of the New School University in New York. Wolff has also taught economics at Yale University, City University of New York, and the University of Paris I (Sorbonne). He is a co-founder and contributor of Democracy at Work, a non-profit organization that promotes democratic workplaces as a key part of a transition to a better economic system. Wolff has published many books and articles, both scholarly and popular. Most recently, in 2012, he published the books Democracy at Work: A Cure for Capitalism (Haymarket Books) and Contending Economic Theories: Neoclassical, Keynesian, and Marxian, with Stephen Resnick (Cambridge, MA, and London: MIT University Press). He writes regularly for Truthout.org. He has been interviewed on The Charlie Rose Show, Up with Chris Hayes, Real Time with Bill Maher, Democracy Now!, Al-Jazeera English, Thom Hartmann, NPR, Alternative Radio, and many other radio and TV programs in the United States and abroad. The New York Times Magazine has named him “America’s most prominent Marxist economist.

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