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Tag: inequality

Lee Camp talks with Richard Wolff about the myths of the American Dream

Lee Camp talks with Richard Wolff about the myths of the American Dream

CAMP: I don’t think that I ever believed there was a promise of the American dream, but I bristle and I’m upset at the idea of being manipulated, at the idea of how much propaganda we’re fed out of our mainstream airwaves, and from our politicians. And to me, that is kind of a false promise. It is a false truth. And, you know, ever since I discovered (and it maybe took me a little longer than some, but you…

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Capitalism’s failures exposed by the Coronavirus – Richard Wolff

Capitalism’s failures exposed by the Coronavirus – Richard Wolff

So let me begin by indicating what some of the problems are that a capitalist medical system, of the sort we have in the United States, presents to dealing with something as big of an epidemic as the coronavirus already is. 30 million Americans have no insurance, no medical insurance. They have a long history of not going to the doctor when they have something they think is a passing flu, viral or bacterial, because they can’t afford to pay…

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How depression affects workers and work – Richard Wolff & Tess Fraad-Wolff

How depression affects workers and work – Richard Wolff & Tess Fraad-Wolff

FRAAD-WOLFF: It’s extraordinarily and particularly depressing, I think, for human beings to feel asked to partake in things that have nothing to do with them on a repeated and lengthy basis. I think there’s something terribly wrong when we feel that we have to participate in something that has no regard for us, no regard for our humanity. There’s a splintering of a sense of self, and self esteem, and coherence internally that starts there, and I think it’s very…

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Leaked report by JP Morgan & Chase says fossil fuels are not a profitable investment – Richard Wolff

Leaked report by JP Morgan & Chase says fossil fuels are not a profitable investment – Richard Wolff

My next update has to do with a private report that was leaked. It was a report commissioned and paid for by the JP Morgan Chase Bank and one of the largest banks in the world. The paper explains whether or not, it answers the question, whether or not climate change is something that threatens the world and therefore if JP Morgan Chase needs to, and I quote, “rethink its investments in the fossil fuel industry.” And the conclusion of…

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Global Forces Changing Corporate America after 2008 | Kevin Sneader | Business In :60 | GZERO Media

Global Forces Changing Corporate America after 2008 | Kevin Sneader | Business In :60 | GZERO Media

Hello, I’m Kevin Sneader, the Global Managing Partner at McKinsey. And greetings from New York, where the question for today: Really, there are three forces which have changed corporate America for good. One: Globalization. No longer seen as the panacea, now seen as a real force that may actually be dismantled, as barriers go up across the world, forcing businesses to reevaluate their supply chains. Two: Rising inequality. Questioning the role of business and its contribution in society more generally,…

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Economic Update: Using Unemployment Against Workers

Economic Update: Using Unemployment Against Workers

Welcome friends to another edition of economic update a weekly program devoted to the economic dimensions of our lives jobs debts incomes those of our children and those facing us I’m your host Richard Wolff I want to begin today’s updates by talking about something as old as the human race I’m talking about the problem of maternal death rates women who died in childbirth something that has been a concern for the human community for the life of our…

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Richard Wolff: Three Flaws of Capitalism According to Marxists

Richard Wolff: Three Flaws of Capitalism According to Marxists

Marxism is the notion that we need system change, that capitalism is a system that has fundamental flaws, that those flaws show up in the difficult conditions imposed on the majority of people (the employees as opposed to the employer class) and that Marxism names those flaws, much as the abolitionist in slavery named the fundamental flaw of the system as being what happens if you make a human being into a piece of property like a donkey, or a…

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15 percent of Americans have migraine disease. Why aren’t there better treatment options?

15 percent of Americans have migraine disease. Why aren’t there better treatment options?

AMNA NAWAZ: It’s often dismissed as just a headache, but a migraine attack is much more than that. Fifteen percent of Americans are affected. But, as Stephanie Sy reports, the stigma associated with migraine disease has meant fewer resources for desperate patients. The story is part of our regular series on the Leading Edge of science, technology and health. JENN TINGWALD, Migraine Patient: Eliana (ph), do you have a four? STEPHANIE SY: For Jenn Tingwald, playing Go Fish with her…

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AskProfWolff: Work Relationships in Worker Co-ops

AskProfWolff: Work Relationships in Worker Co-ops

This is Richard Wolff, responding to an AskProfWolff question sent in from our Patreon community. And this time in particular, from Jim Quinn. Jim asks a frequently posed question and a good one. It has to do with how decisions would get made in a worker co-op that does not have the typical capitalist top-down hierarchy, where one or a few people at the top make all the key decisions. The rest of us, as employees, have to live with…

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Caste in America | Part 4

Caste in America | Part 4

(people talking indistinctly) – [Phillip Martin] On the campus of Brandeis University, students pour out of classrooms just before noon. Young women and men in a rich mosaic of skin hues and colors trudge through light snow toward their next academic experience. Like colleges and universities across the US, these students are protected, at least on paper, from prejudices that seep in from the off-campus world. Brandeis has strict prohibitions against racism, gender inequality and homophobia, among other no-nos. And…

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