March 25, 2018
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11:33Now PlayingIn this Majority Report clip, Richard Wolff on the rising popularity of socialism.
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"Greedy capitalism has led to decades of downward mobility as U.S. business interests exploit workers at home and abroad and automate jobs out of existence in search of greater profits, according to economist Richard Wolff.
In a Reddit Ask Me Anything session on Monday, the economics professor, author and speaker said the U.S. has gone “way overboard” in celebrating capitalism and overlooking its flaws. He put this down to the power of the ideology created around it.
Trump’s massive assaults on women, the labor movement, immigrants, minorities, etc have produced very little mass street action by social movements. How [to] explain such passivity in the face of such provocation? A declining capitalism has so far succeeded in presenting itself as the opposite, a super-strong totality impossible to budge."*
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