Skip to content Skip to footer

Richard D. Wolff Debates FOX’s Stuart Varney About Socialism

The return to socialism as a better alternative in current US society is because capitalism has failed them.

Economist and Democracy At Work founder Richard Wolff joined Fox Business on July 31 to debate with Stuart Varney about socialism, capitalism and taxes. Capitalism is responsible for a level of inequality not seen since the time of the ancient Pharaohs, says Wolff. The return to socialism as a better alternative in current US society is not because Americans inherently favor socialism, but because capitalism has failed them.

Angry, shocked, overwhelmed? Take action: Support independent media.

We’ve borne witness to a chaotic first few months in Trump’s presidency.

Over the last months, each executive order has delivered shock and bewilderment — a core part of a strategy to make the right-wing turn feel inevitable and overwhelming. But, as organizer Sandra Avalos implored us to remember in Truthout last November, “Together, we are more powerful than Trump.”

Indeed, the Trump administration is pushing through executive orders, but — as we’ve reported at Truthout — many are in legal limbo and face court challenges from unions and civil rights groups. Efforts to quash anti-racist teaching and DEI programs are stalled by education faculty, staff, and students refusing to comply. And communities across the country are coming together to raise the alarm on ICE raids, inform neighbors of their civil rights, and protect each other in moving shows of solidarity.

It will be a long fight ahead. And as nonprofit movement media, Truthout plans to be there documenting and uplifting resistance.

As we undertake this life-sustaining work, we appeal for your support. Please, if you find value in what we do, join our community of sustainers by making a monthly or one-time gift.