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Mail & Guardian
Richard D Wolff

Creator

Richard D Wolff

Richard D Wolff is professor of economics emeritus at the University of Massachusetts, Amherst.

Nigeria has asked for South Africa to back its bid to join Brics and to become a member of the G20,

Economic growth in G7 versus Brics: A reality check

It is imperative that social movements inside both blocs navigate their agenda

Russian President Vladimir Putin speaks with Chinese President Xi Jinping before an extended-format meeting of heads of the Shanghai Cooperation Organization summit (SCO) member states in Samarkand, Uzbekistan September 16, 2022. Sputnik/Sergey Bobylev/Pool via Afp

Facing up to the damaging and disruptive economic realities of 2022

Economic war rages on as global power dynamics shift.

Both employer and employee classes want government services for themselves and likewise want to pay minimal taxes.

A deficit spending scam destroyed Liz Truss, UK’s prime minister. Who is next?

UK governments borrow money for deficit spending from corporations and the rich. But the very beneficiaries of the tax cuts Truss proposed were these ‘investors’, who baulked

Inflation deeply affects societies that suffer them, yet no democratic process determines where, when or how employers’ decisions to inflate prices lead to those impacts.

Behind the ‘economic policy’ façade, it’s class war

Inflation, that ‘problem’ torturing capitalist economies these days, offers us the first example of such policies

A woman holds a banner ‘Capitalism Is the Crisis’. (Photo by Beata Zawrzel/NurPhoto via Getty Images)

It is time to topple the false gods of capitalism

The market is the pillar of capitalist ideology, yet it is just another human institution invented and reinvented periodically across human history

A vendor in Shijiazhuang, Hebei province, China. (Kevin Frayer/Getty Images)

OPINION| China is retooling the capitalist paradigm

The forms of capitalism adopted in the West and in economies such as China are influenced by how early or late those polities were in coming to the game

Capitalism in crisis: US President Joe Biden (pictured during his inaugural address, above) may be far from Donald Trump ideologically, but both leaders’ parties are imprisoned in a neoliberal capitalist mode of thought, argues the author. (Tasos Katopodis/Getty/AFP & Bettmann)

The American political process is disconnected from economic reality

While the Democrats and Republicans use an outdated political playbook, people need protection from the capitalist system itself

US President Joe Biden listens as Vice president Kamala Harris (L) speaks during an event at the White House with members of the National Governors Association on January 31, 2022 in Washington, DC. The National Governors Association concludes its three day winter meeting today.  (Photo by Win McNamee/Getty Images)

US politicians paper over the social problems caused by capitalism

Mainstream American politicians — establishment figures in both major parties — apply the denial and displacement mantra to many problems, especially inflation

Fundamental injustice: The white majority of the working class in the US is by and large protected from capitalism’s instability, because African Americans bear the brunt of its effects. (Brendan Smialowski/AFP)

How racism is an essential capitalist tool

In the United States, the African American minority is capitalism’s ‘business cycle shock-absorber’