“Who’s Afraid of Richard Wolff?” — 10-8-14 on “It’s Our Money” with Ellen Brown

In the worlds of economic theory and “acceptable” economic discussion, the terms “Socialism” and “Marxism” acquired an anti-patriotic stain during the 20th Century, despite the significant social economic progress realized by early American populist movements. Noted economics professor Dr. Richard Wolff, who has taught at many esteemed universities, has been overlooked for decades because of his Marxist/Socialist specialties; but suddenly he is out and about making the rounds on major media outlets talking about the failures of Capitalism, how they helped bring about the collapse of the American middle class and set a stage for continuing economic decline. Ellen talks with Dr. Wolff about a way forward that marries American values and sensibilities with the goals of these maligned economic theories.

Listen here (archived).

4 Responses

  1. This is very good news. McCarthy and many others have a lot to answer for.

  2. Any political or economic system that is structured in a hierarchical fashion will concentrate power toward the apex. It can be capitalism, socialism, marxism, fascism or any formal ism that we have seen throughout modern history. It’s the structure that creates the common link. Pick your poison. Maybe we need to rethink this issue to discover that it’s the structure that acts as the guiding principle to consolidated power and thus the problem of continually attracting “moths to the light”.

    Decentralization is a break from this historical pattern on the basis of new found capability with the information age. You cannot pour new wine into old wineskins. Let’s focus more on the wineskin (structure)

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