The idea that only capitalism creates wealth or that it does so more than other systems is a myth Richard D. Wolff Richard D. Wolff Why Poverty Reduction Under Capitalism is a Myth braveneweurope.com/richard-d-wolf… #economics #wealth #capitalism #poverty

#WolffBites: Strarbucks' prices will now include paying for the new CEOs's 1,000 mile commute by private company jet from his California home to company headquarters in Seattle. Bad for climate and for Starbucks' customers. This is what capitalists do. bbc.com/news/articles/…

Old UK leader (Tony Blair) advises new one (Keir Starmer) to ignore "vicious" criticism. Blair got caught lying repeatedly about slavishly following US into failed Iraq war. Blair advice will get Starmer hated/reviled even faster than Blair did. theguardian.com/politics/artic…

BBC's misleading reports on German election. Yes, right-wing AfD got 32.4% of Thuringia vote, but if 3 left-wing parties unified (as 4 did recently in France and won), they would have gotten 34.7%. CDU got only 23.8%. Left rising too! bbc.com/news/articles/…

Mass demonstrations across Israel plus general strike called by Israeli trade unions to "shut the nation down" in mass demands for negotiations with Hamas for ceasefire and return of hostages. Shaking Netanyahu gov't. cnn.com/world/live-new…

#WolffBites: Labor Day thought: Profits = portions of enterprise revenues that flow to employers. Wages = portions that flow to employees. Vast majorities in capitalism are employees. Enterprises' main goal (or "bottom-line") should be wages, not profits.

New Episode of #EconomicUpdate today at 4:30 PM ET with @profrdwolff "#Labor Day and Abraham Lincoln, Honoring Both Together" Watch it on our @youtube here: tinyurl.com/3jn2yeya #history #work #unions #workersoftheworldunite #strike #democracyatwork #capitalism #economics

New Episode of #EconomicUpdate available now Richard D. Wolff "#Labor Day and Abraham Lincoln, Honoring Both Together" Watch it on our @youtube now here: tinyurl.com/3jn2yeya #history #work #unions #workersoftheworldunite #strike #democracyatwork #capitalism #economics

#WolffBites: UK's new Labor Party gov't scapegoats immigrants much as the Conservative Party gov't before did. Both parties work to distract people from blaming employers and their capitalist system for UK's deepening economic crisis. theguardian.com/politics/live/…

"Understanding Capitalism" The new book from Richard D. Wolff, professor emeritus of economics, explores definitions of capitalism, offers tools to engage basic economic and social issues, and describes alternative systems. democracyatwork.info/understanding_…

Meet our hosts Professors Shahram Azhar & Richard D. Wolff New Episodes releases every other Thursday on Democracy At Work YouTube channel at 4:30PM (Eastern Time) instagram.com/p/C_cHzAEtY-M/…

Episode 1 - Dialectic At Work: For Roses and Bread: On Marxism as a Theory of Overcoming Trauma Hosted by Shahram Azhar and Richard D. Wolff youtube.com/watch?v=zQ6esJ…

🤣

#WolffBites: Macron supports "French democracy" except when he loses elections. So now the loser acts the king. NY Times and Wash Post fall silent about that. Why? Are they getting ready for autocracy coming here too? scheerpost.com/2024/09/02/us-…

Episode 2 - Dialectic At Work: A Theoretical Rupture: Overdetermination Hosted by Shahram Azhar & Richard D. Wolff via Democracy At Work youtube.com/watch?v=W21APf…

Despite UK's huge gaps between rich and poor, new Labor Party gov't plans to "save money" by depriving millions of poor elderly pensioners of gov't help to pay fuel bills for heating this winter. Pay with tax on millionaires. Stop Labor Party betrayal. theguardian.com/politics/artic…

#WolffBites: US capitalism fails again: too few jobs. Older work longer (low pensions/Social Security, kids' need help longer, low wages mean few savings, inflation). Too few new jobs for younger. Older/younger need to unite, fight dividive system. axios.com/2024/09/01/old…

Georgia school killings should remind us: the more nations use wars to solve their problems, the more their people use killing to solve theirs. Georgia shooter gave his name in Russian on Discord. usatoday.com/story/news/nat…

As the climate crisis intensifies, we often hear that our future will be marked by a frightening scramble for natural resources. Economist Richard D. Wolff outlines an alternative to this Mad Max vision of scarcity, competition, and violence. youtu.be/4uREwZ2mWt0