Tag: inequality

Richard Wolff Critiques Libertarian View that Capitalism’s Problem is the Government

The notion that the government’s intrusion into the economy is some sort of external influence (some sort of outside intrusion on what would be better left without such intrusions), I would argue based on a lifetime of work in the field we call economic history, that this is a complete illusion. Strong government has been part of capitalism throughout its...

Richard Wolff: A transition beyond capitalism requires political power

Just as capitalists were developing employer-employee relationships in feudalism, so it has been now (for quite a while) that worker co-ops are emerging in capitalism. Here in the United States it’s remarkable: hundreds of them have been formed and developed in recent years. And the answer is very similar to what happened in feudalism with the early capitalists. People are...