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mother earth

(6,002 posts)
Thu Feb 26, 2015, 08:58 PM Feb 2015

Richard Wolff, Global Capitalism: February 2015 (Highly Recommend)

Published on Feb 5, 2015

Monthly Economic Update
Co-sponsored by Democracy at Work, Left Forum, and Judson Memorial Church

Richard D. Wolff

Wednesday, January 14, 2015 at 7:30pm

“The Economics of a New Year” Judson Memorial Church Assembly Hall 239 Thompson Street at
Washington Square, Manhattan

These programs begin with 30 minutes of short updates on important economic events of the last month. Then Wolff analyzes several major economic issues. For this January 14, these will include:

1. Causes and consequences of the oil price collapse: can it produce another crash?
2. Greece: if Jan. 25 election brings Syriza victory, what happens to Europe?
3. The economics of Cuba, 1959-2014: embargo, survival, new industries, and the turn toward worker cooperatives


Professor Wolff's Website: www.rdwolff.com

Professor Wolff's Podcast: http://www.truth-out.org/economic-upd...

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Richard Wolff, Global Capitalism: February 2015 (Highly Recommend) (Original Post) mother earth Feb 2015 OP
Trying to implement Marxism has a pretty bad track record. uhnope Feb 2015 #1
Post removed Post removed Feb 2015 #4
@uhnope lstknight Feb 2015 #2
just thought i'd say hi n/t orleans Feb 2015 #5
Prof. Wolff's background: mother earth Feb 2015 #3
"the big ole bad Russians" uhnope Feb 2015 #6
I think you've hurt someone's feewings! Tarheel_Dem Feb 2015 #8
For five years I've followed Prof. Wolff's lectures and interviews . He is not advocating Marxist appalachiablue Feb 2015 #7
Many Thanks SoLeftIAmRight Mar 2015 #9
Kick! KoKo Mar 2015 #10
This message was self-deleted by its author KoKo Mar 2015 #11
Half Way (or little before) about Used Car Loans is Fantastic.... KoKo Mar 2015 #12


(6,419 posts)
1. Trying to implement Marxism has a pretty bad track record.
Thu Feb 26, 2015, 09:16 PM
Feb 2015

Wolff's been jabbering on and on for years, but Marxism is not coming and is never coming. Trying to bring it on has a pretty bad track record. He's a bit strange and so is his cult following. What's the point? He might as well be preaching utopia via cosmic mind melds with the people who live in sky.

Response to uhnope (Reply #1)


(1 post)
2. @uhnope
Thu Feb 26, 2015, 11:20 PM
Feb 2015

Wolff is not advocating the implementation of Marxism. He is advocating for alternative solutions to a failing capitalistic system.

mother earth

(6,002 posts)
3. Prof. Wolff's background:
Thu Feb 26, 2015, 11:45 PM
Feb 2015

Richard D. Wolff is Professor of Economics Emeritus, University of Massachusetts, Amherst where he taught economics from 1973 to 2008. He is currently a Visiting Professor in the Graduate Program in International Affairs of the New School University, New York City. He also teaches classes regularly at the Brecht Forum in Manhattan.

Earlier he taught economics at Yale University (1967-1969) and at the City College of the City University of New York (1969-1973). In 1994, he was a Visiting Professor of Economics at the University of Paris (France), I (Sorbonne).


BA in History from Harvard College (1963);
MA in Economics from Stanford University (1964);
MA in History from Yale University (1967); and a
PhD in Economics from Yale University (1969)

Published work

Richard WolffOver the last twenty five years, in collaboration with his colleague, Stephen Resnick, he has developed a new approach to political economy. While it retains and systematically elaborates the Marxist notion of class as surplus labor, it rejects the economic determinism typical of most schools of economics and usually associated with Marxism as well. This new approach appears in several books co-authored by Resnick and Wolff and numerous articles by them separately and together. Common to all of Professor Wolff’s work are two central components. The first is the introduction of class, in its elaborated surplus labor definition, as a new "entry point" of social analysis. The second is the concept of overdetermination as the logic of an analytic project that is consistently non-determinist. Professor Wolff was also among the founders in 1988 of the new academic association, Association of Economic and Social Analysis (AESA), and its quarterly journal Rethinking Marxism.

Since 2005, Professor Wolff has written many shorter analytical pieces focused chiefly although not only on the emerging and then exploding global capitalist crisis. He regularly published such shorter analytical pieces on the website of the Monthly Review magazine and occasionally in many other publications, both print and electronic. The wide circulation of the shorter pieces coupled with the deepening crisis brought many invitations to present work in public forums.

Public presentations

Especially since 2008, Professor Wolff has given many public lectures at colleges and universities (Notre Dame, University of Missouri, Washington College, Franklin and Marshall College, New York University, etc.) to community and trade union meetings, in high schools, etc. He also maintains an extensive schedule of media interviews (on many independent radio stations such as KPFA in Berkeley, KPFK in Los Angeles, WBAI in New York, National Public Radio stations, the Real News Network, the Thom Hartmann show, and so on). He has spoken at Occupations and local high schools, churches, and monthly at the Brecht Forum in New York.

Professor Wolff’s public speaking engagements and media interviews usually
focus on one or more of the following topics:

a. The Current Economic Crisis: Origins and Consequences
b. Democracy at Work: A Cure for Capiatlism
c. The Current Economic Crisis and Globalization
d. Economic Crisis and Socialist Strategy
e. The Difference Among Economic Theories (Neoclassical, Keynesian and Marxian)
f. The History of the Marxian Theoretical Tradition
g. The Contemporary Relevance and Unique Insights of Marxian economics
h. A Class Analysis of the Rise and Fall of the USSR

Economic Update

Professor Wolff has a weekly radio show on WBAI 99.5fm in New York. You can listen to the archieves of the programs on the show's partner, Truthout.org, webpage for the program. If you are interested in syndicating the program, please review this page and contact info@democracyatwork.info.

Professor Wolff lives in New York City with his wife, Dr. Harriet Fraad, a psychotherapist. They have two adult children.



(6,419 posts)
6. "the big ole bad Russians"
Fri Feb 27, 2015, 07:38 PM
Feb 2015

From your other post...

I post from a human rights standpoint on a variety of issues, but Putin's Russia has become a primary one for various reasons.

Are you actually saying that Putin's government and actions shouldn't be criticized? Are you not appalled by them? Especially as he is choosing military solutions to his problems, which is a threat to world peace.

I don't understand the pass that Putin is getting from some who consider themselves progressive.


(31,232 posts)
8. I think you've hurt someone's feewings!
Fri Feb 27, 2015, 08:22 PM
Feb 2015
AUTOMATED MESSAGE: Results of your Jury Service

On Sat Feb 28, 2015, 12:55 AM an alert was sent on the following post:

"the big ole bad Russians"


This post is disruptive, hurtful, rude, insensitive, over-the-top, or otherwise inappropriate.


This poster constantly brings Putin into every discussion when he's not doing his own OP's with the same Russian subjects, obviously this is meant as harassment & frankly he has done this repeatedly to others, Putin is not even part of the OP. He's on a mission of disruption or some kind of troll for an anti-Putin cause.

You served on a randomly-selected Jury of DU members which reviewed this post. The review was completed at Sat Feb 28, 2015, 01:07 AM, and the Jury voted 1-6 to LEAVE IT.

Juror #1 voted to LEAVE IT ALONE
Explanation: Post is fine.
Juror #2 voted to LEAVE IT ALONE
Explanation: Read whole thread. I don't see where this post is disruptive. Use your words, answer bad ideas, debate them, use your words.
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(41,118 posts)
7. For five years I've followed Prof. Wolff's lectures and interviews . He is not advocating Marxist
Fri Feb 27, 2015, 07:38 PM
Feb 2015

economics, rather providing comprehensive explanations of capitalist systems and adoption of worker owned cooperatives as one alternative. What luck if I'd had him as a prof. in college. My understanding of the economy and economics would be much better. Wolff's an excellent teacher and communicator with an outstanding and diverse academic background.

Response to mother earth (Original post)


(84,711 posts)
12. Half Way (or little before) about Used Car Loans is Fantastic....
Thu Mar 5, 2015, 08:11 PM
Mar 2015

How the poor are abused with "Car Loans" for "Recalled Vehicles is a MUST WATCH.....Half way mark in Video, or just before.

This is Not NEW....when we were poor College Students (Married) and our Old Car Clunker died that we Had to buy another "Used Car off the Lot" ( because we had little money as Students) died after we drove it off the lot (some decades ago..when we were young) our choice due to the Used Car Salesman was...."You Bought It.....YOU FIX IT"...........! We had to beg one of our relatives to give us a loan...and we payed them back....but it took awhile and we felt humiliated. It was a POS....and we did the best we could with negotiating...but, to no avail.

That people are still going through this makes me sick.............

Listen to Richard Wolff in this. He really is pointing out "little times change." There's something wrong with OUR SYSTEM here in the USA.. Whever that goes....

And Yes...I understand that the "Millenials" don't want cars and only want to use "Uber" and "Walk to Work" but there's a limit to that...and I lived in Bronx, NY when we were YOUNG (decades ago) and starting out and ONE OF US took SUBWAY to work in Manhattan but the other needed a CAR to get to their Classes to get their degree.

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