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Government policies likely worsened the relative decline of small and medium businesses. Concentration and monopolization tendencies within U.S. capitalism strengthened
Richard D. Wolff
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.
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). Wolff was also regular lecturer at the Brecht Forum in New York City.
Prof Wolff is the co-founder of Democracy at Work and host of their nationally syndicated show Economic Update.
Revolution becomes the only way finally to secure progressive reforms
A positive outcome of the coronavirus disaster would be a wider appreciation that liberating ourselves from capitalism requires rejecting its self-justifying ideology of efficiency.
Will we see a transition to a post-capitalist global system of quite differently organized enterprises, political institutions (including nation-states), and movements of productive resources and products across its geography?
We need to recognize the class war that is underway and commit to fighting it
Where neoliberalism is strong, governmental preparations for and copings with coronavirus were weak, too late, and too little: as in the U.S., the UK, and Italy, among others
Might the interactions now among capitalism, coronavirus, and a new worker-coop-based socialism prove similar to those among feudalism, the Black Death and capitalism so long ago?
Source: Democracy Now! As Bernie Sanders’s runaway win in Nevada cements his position as the front-runner for the Democratic nomination, the Democratic…
For the last half-century, US and UK capitalisms led the way in undoing the parallel legacies of the New Deal and Europe’s social democracies
How the Democratic Party manages the 2020 election will not only show whether it understands the lessons of history. It will also influence the pace and details of the emerging new socialist left