[S11 E18] Capitalism vs. Democracy
On this week’s show, Prof. Wolff presents an analysis of how and why capitalism is an undemocratic economic system. The first half is devoted to the micro-level, namely to the organization of the enterprise (factory, office or store). Its undemocratic character is exposed using examples and empirical evidence. The second half has a macro-level focus that shows how capitalism’s generation of growing income and wealth inequality impels the employer class (a small numerical minority) to use their money politically. Their practice undermines real democracy leaving only its empty forms.
**Economic Update with Richard D. Wolff is a @Democracy At Work production. We make it a point to provide the show free of ads. Please consider supporting our work. Donate one time or become a monthly donor by visiting us at or become a patron of Economic Update on Patreon: Your contributions help keep this c
1 view
263
63
5 years ago 00:29:46 10
Economic Update: China’s Economic Record and Strategy
5 years ago 00:29:46 2
Economic Update: Exposing Economic Myths
7 years ago 00:28:54 1
Economic Update: Distorting Economic Truths
4 years ago 00:15:30 161
Большой американский террор. Часть 2 || Economic update. Ричард Вольф
2 years ago 00:30:36 1
Economic Update: 2023 World Economic Trends
4 years ago 00:15:39 25
Большой американский террор. Часть 1 || Economic update. Ричард Вольф
3 years ago 00:29:41 87
Не такое уж невинное определение капитализма || Economic update. Ричард Вольф
4 years ago 00:15:19 102
Конкуренция и монополизм при капитализме. Часть 1 || Economic update. Ричард Вольф
10 years ago 00:01:41 8
Economic Boom Update Trailer
4 years ago 00:15:03 89
Экономические успехи и стратегия развития Китая. Часть 2 || Economic update. Ричард Вольф
4 years ago 00:29:51 1
Economic Update: Socialism & Puerto Rico
4 years ago 00:15:15 76
Экономические успехи и стратегия развития Китая. Часть 1 || Economic update. Ричард Вольф
4 years ago 00:29:51 1
Economic Update: Dems’ Self Promotion VS Hard Economic Realities
3 years ago 00:29:10 1
Economic Update: Political Divides Deepen
3 years ago 00:29:36 2
Economic Update: Inflation & Labor Shortage
6 years ago 00:58:01 1
Economic Update: Economic Failures and the Blame Game