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In this educational video Professor of Economics Emeritus (University of Massachusetts), Marxist economist and founder of Democracy at Work, Richard Wolff, talks about capitalism’s current and future state. Prof. Wolff also explains how changes in how the workplace is organized can play a transformative role from capitalism into a more humane and rational system.
The following questions are addressed in this educational video:
- When will capitalism end?
- What condition is capitalism in today and what factors are driving its demise?
- Is there an historical connection between the cutback of social welfare (austerity measures) in Europe and North America today and the collapse of the Soviet Union in 1989 as well as the economic reforms of China that began in the late 1970s?
- How are the wealthiest 1% coping with the decline of capitalism? What techniques are they employing to control policies of the state and what effects does this have on people?
- Can capitalism be saved or reformed? Are there any viable alternatives?
- Why does the Left today have to be critical of the traditional understanding and practice of socialism?
- Why and how do we have to change our workplace in order to make a transformation away from capitalism?
Holding Trump accountable for his illegal war on Iran
The devastating American and Israeli attacks have killed hundreds of Iranians, and the death toll continues to rise.
As independent media, what we do next matters a lot. It’s up to us to report the truth, demand accountability, and reckon with the consequences of U.S. militarism at this cataclysmic historical moment.
Trump may be an authoritarian, but he is not entirely invulnerable, nor are the elected officials who have given him pass after pass. We cannot let him believe for a second longer that he can get away with something this wildly illegal or recklessly dangerous without accountability.
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