d
@w
produces media & live events to expose capitalism’s systemic problems & to show how democratizing our workplaces solves them. Co-founded by
@Profwolff
"In the 1930s the system had broken down & there were essentially two ways out: fascism [&] social democracy... We're not in 1929, but there are some similarities & it could go either way."
- Noam Chomsky in conversation w/
@profwolff
on
#EconomicUpdate
Fascism is Rising Where Media Fails -
#EconomicUpdate
@AnaKasparian
joins
@ProfWolff
to discuss how media fails the country by focusing on cultural issues that divide and purposely misinforming Americans on economic issues that affect us all.
Time to get excited. We are thrilled to announce our newest podcast...
David Harvey's Anti-Capitalist Chronicles.
A podcast that looks at capitalism through a marxist lens.
Stay tuned!
@profdavidharvey
#marxism
#capitalism
#podcast
"We live in an extraordinarily unequal society. If the phrase capitalism delivers is to have any substance, then one of the things it delivers- and oh does it deliver it- is inequality." -
@profwolff
Retweet if you agree!
Utilitarian, subjective definitions of value have led the CEO of Nestle to the conclusion that everything can have a price tag. He needs to read Karl Marx.
@profwolff
pointed out the inefficiency of capitalism to handle the pandemic in March.
200,000+ deaths later it needs repeating...
"The ultimate inefficiency is when a system's incapacity to prepare for and cope with a disaster like this is killing large numbers of people."
"If you don't trust the gov't & don't let them do what they have to do when you're facing an existential threat to your society, you get bizarre behavior: people who won't wear a mask b/c they want their personal freedom"
@profwolff
#EconomicUpdate
"20th century was shaped by Great Depression. The convulsion, the left wing response, then the right wing undoing it. We're gonna have the same this century & we're well through the lurch to the right, not the left, this time,"
@profwolff
#EconomicUpdate
The structure of capitalism, feudalism and slavery reproduce inequality
@profwolff
on
#EconomicUpdate
"The structure of each of those societies positions a minority in such a way as it can accumulate wealth & keep that from being shared."
Who is doing well during a public health crisis & economic crash
"$58 million per wk. Chase Coleman does not have to buy lottery tickets because he wins the lottery every day, seven days a week, 52 wks of the yr.. There is no need for this."
@profwolff
Half a Million South Korean Workers Walk Off Jobs in General Strike, via Truthout
"Workers aren’t just demanding the government make changes for them; they’re fighting for more power to determine these changes themselves."
"So whatever the word 'democracy' means it doesn't apply to the workplace in capitalism. And that's a very big statement because that's where most adults spend most of their lives in our society."
@profwolff
Watch the full clip from
#EconomicUpdate
Socialism was better for women's lives in Eastern Europe, says Prof Kristen Ghodsee,
@profwolff
's latest guest on
#EconomicUpdate
"The end of exploitation in the family was as important of a goal as the end of exploitation of workers"
Watch entire clip:
Our new book by
@profwolff
is now available!
The Sickness is the System: When Capitalism Fails to Save Us from Pandemics or Itself
Learn more about this unique collection of over 50 essays on our website.
"What [GOP &Dems] do in the way of supporting capitalism is indistinguishable between the two of them. That's their top priority. They disagree on the ways but not on the goal."
@profwolff
#EconomicUpdate
"The problem of the state for capitalism has to do with what we call universal suffrage: the extension of the right to vote to everyone. Why? Because in capitalism a small number of people control the economy."
@profwolff
#EconomicUpdate
"Understanding Socialism," our latest book with
@profwolff
has been published!
@CornelWest
says, "Richard Wolff's book is the best accessible and reliable treatment we have of what socialism is, was, and should be."
Buy it now!
Economist
@ProfWolff
explains why American jobs are being taken away by capitalism's drive for profit & how conspiracy theories distract us from the real culprits right in front of us: employers and a system that fights to keep wages low and profits high.
This system IS NOT working -
#GlobalCapitalism
@profwolff
explains the failures of capitalism in the U.S. to provide the most basic needs during the pandemic. Are we supposed to accept that this country cannot protect public health?
Fascism Causing the Dysfunction of United States -
#EconomicUpdate
Noam Chomsky &
@profwolff
discuss the internal conflicts in the U.S. government that's sent it off the rails and threatens the existence of the American empire.
New
#EconomicUpdate
Outrageous CEO to Median Worker Pay Ratios
"Walmart's CEO gets 983x what the median worker does. McDonald's CEO gets 2x that. Is that because McDonald's CEO is twice as efficient? Or 2x as productive? Nobody in their right mind believes that."
@profwolff
Does socialism affect freedom?
Don't miss the newest episode of
@profdavidharvey
's Anti-Capitalist Chronicles.
Listen on your fav podcast app or our site. This podcast is free, but support if you can!
The 2 Reasons Why Marxism Is Becoming Popular Again: China & Capitalism -
#EconomicUpdate
@ProfWolff
explains why China's economic growth under their Communist Party & capitalism's own failures are inspiring many to return to Marx's ideas.
We are proud to be partnering with
@Means_tv
, the world's first worker-owned, post-capitalist streaming service. You can now also watch our show
#EconomicUpdate
with
@profwolff
on MeansTV along with a lot of other great left content!
Boeing demonstrates the systemic issue of putting profit over people
"[They] 'put profit before candor.' Now this is a very nice way of saying that they are paying a penalty because they lied."
@profwolff
#EconomicUpdate
We are deeply saddened by the tragic news of
@_michaelbrooks
untimely death. Michael was a comrade, & a very good friend of d
@w
&
@profwolff
. He was committed to justice, truth & compassionate understanding of one another. He will be greatly missed.
We are releasing a new book by
@profwolff
in just a few weeks!
"A blueprint for how we got here, and a plan for how we will rescue ourselves." -
@ChrisLynnHedges
Stay tuned!
David Harvey's Anti-Capitalist Chronicles will be released Nov 15th!
This bi-weekly podcast will be FREE, but if you can help us with production costs, become a patron on Patreon where there are a few fun perks for you too!
@profdavidharvey
What a socialist response to COVID-19 would have looked like?
@profwolff
looks at both the logic of socialism's different policies and examples of socialist-influenced policies in other countries in the latest
#EconomicUpdate
Why 'economic policy' is code for class warfare by
@profwolff
"Class warfare lies behind how many politicians, mass media, and academics explain the economic problems requiring the solutions that their policies offer"
U.S. Approaching Fascism? -
#EconomicUpdate
@ProfWolff
talks about the possibility of a fascist regime developing in America to protect capitalism from its own failures. What would we need to do to stop it?
"Capitalism is in deep trouble..."
Toilet paper demonstrates how competitive markets destroy small business
New clip from
#EconomicUpdate
: When Economic Systems Fail
w/
@profwolff
Link:
Marxism is essential to understanding capitalism- but many don’t know what
#Marxism
is or how it could inspire a better world.
@ProfWolff
&
@ProfDavidHarvey
are going live on Friday to discuss why Marx's ideas are so helpful in this moment.
Co-ops are a powerful, non-partisan, intersectional tool which can emancipate communities from extractive economies. After a 10 year recession, no wonder people are becoming more and more attracted to the idea of democracy in the workplace.
Capitalism Incentivized Vaccines over Lockdowns & Profits Over People -
@profwolff
"We are... confronted with a capitalist health care system, which says solve your medical problems this way because it's profitable."
Watch the whole clip at
Inflation: A Slap in the Face of the Working Class -
#GlobalCapitalism
@profwolff
criticizes this economic system for allowing a minority of people to profit off of the working class, especially after the past two years of economic hardship & pandemic.
This week on
#EconomicUpdate
...
"Capitalism vs Competition: Why the Market Creates Monopolies"
"The next time you hear some glib politician or business man or woman tell you about the wonders of competition, you're entitled to sneer." -
@profwolff
@profwolff
commented on the unequal distribution of Covid-19 relief loans on a recent
#EconomicUpdate
"Big business screwed medium & small business out of the help designed for medium & small businesses... Capitalism is the sickness that needs a cure."
Capitalism Will End. What Is A Better System? -
#EconomicUpdate
@ProfWolff
describes what would make a truly different system: one that moves beyond the class divide of capitalism. He connects Marx's insights to worker cooperatives.
The wealth of the world’s 2,043 billionaires rose $762 billion in 2017. That's seven times what’s needed to end extreme poverty. Think about it: capitalism enriches the richest while ignoring the poorest.
Clip from recent
#EconomicUpdate
: Marxism's Ongoing Relevance
"The class struggle is everywhere... to pretend that it isn't there, & to pretend we have no use for the single most developed analysis of it, that's childish." -
@profwolff
Full episode:
@profwolff
gives three more reasons why there won't be an economic boom: corporate push back on taxation, gov't spending is going into control of corporations, our highly unequal society will further stunt effective distribution of funds.
#EconomicUpdate
The Economic Realities We Face at the End of 2022 by Richard Wolff
@profwolff
"During 2022, working classes in many countries were no longer willing to defer their needs in the wake of that redistribution..."
New
#EconomicUpdate
w/
@profwolff
Johnson&Johnson charged in opioid deaths; the richest Americans gain $845 billion from Mar-Sep 2020; conversation with
@MexieYT
of
@vegan_vanguard
on intertwining anti-speciesism, veganism & class analysis;
and more!
Check out the new course Understanding Marxism with
@ProfWolff
and the
@LeftForum
! Learn about the history of world Marxism from Karl Marx up until today, covering activists, movements and so much more. Class starts October 31st, so buy tickets today
Democracy at Work's NEW book is here!
"Stuck Nation:
Can the United States Change Course on Our History of Choosing Profits Over People?" by
@stucknation
Find out why some are calling it "simultaneously enlightening, infuriating and inspirational"...
In respect of widespread concern over COVID-19 we've cancelled March's Global Capitalism Live Economic Update w/
@profwolff
this Weds in NYC
We will still produce & post a regular lecture video, but w/out a live audience.
Thanks for your understanding.
Private US capitalism is now on "life-support" financial dependence on US gov't, the US eviction tsunami is now getting worse fast, and no matter who wins, the capitalist system gets continued support.
Watch the new
#EconomicUpdate
w/
@profwolff
now.
"First of all Venezuela isn't a socialist country... but what you're witnessing is an actual war between different ways of arranging the society. And that war is brutal."
Prof. Ciccariello-Maher talks about Venezuela with
@profwolff
on
#EconomicUpdate