Professor Richard D. Wolff's Avatar

Professor Richard D. Wolff

@profwolff.bsky.social

Professor of Economics Emeritus University of Massachusetts Founder/Director Democracy At Work #WeCanDoBetterThanCapitalism Follow: https://bsky.app/profile/democracyatwork.bsky.social website: www.RDWolff.com website: www.DemocracyAtWork.info

12,912 Followers  |  17 Following  |  341 Posts  |  Joined: 14.11.2024  |  1.7913

Latest posts by profwolff.bsky.social on Bluesky

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The problems with building "micro cars" in the U.S. The laws of economics and physics will almost certainly ensure the cars won't happen for the U.S.

#WolffBites: How capitalism "tackles" the affordability crisis. Use clever words to hide reduced products for people to buy: hamburger helper instead of hamburger, smaller apartments for the same rent, and now "tiny cars." Don't be fooled.

www.axios.com/2025/12/05/t...

06.12.2025 17:33 β€” πŸ‘ 9    πŸ” 3    πŸ’¬ 2    πŸ“Œ 0

#WolffBites: "Affordability" depends on your income and what it lets you buy. The employer class (3% of US) sets most wages/salaries and likewise sets most prices we must pay. Employees' "affordability" issue is caused by capitalist employers.

04.12.2025 15:47 β€” πŸ‘ 32    πŸ” 6    πŸ’¬ 0    πŸ“Œ 0
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Hello friends, This is an important article written by Chris G. Beck - If you are free and in New York Please join myself and Chris at the β€œPeople’s Forum” in New York City RSVP Here: shorturl.at/u3pIQ
democracyatwork.substack.com/p/mamdanis-s...

03.12.2025 17:16 β€” πŸ‘ 13    πŸ” 6    πŸ’¬ 0    πŸ“Œ 0
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Hillary Clinton claims TikTok is influencing young people’s views on Israel-Palestine Former secretary of state complains young Americans being swayed by unreliable media on TikTok, making it difficult to have a β€˜reasonable discussion’ about events in the Middle East

Hilary Clinton calls young people who disagree with her (on Israel vs Gaza) misled by TikTok. They should, of course, rely instead on mainstream medias' "truth." Next she may call to censor one so the other gets a monopoly, what ruling classes do.

www.independent.co.uk/news/world/a...

03.12.2025 16:20 β€” πŸ‘ 42    πŸ” 8    πŸ’¬ 9    πŸ“Œ 4
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Axios PM - 1 big thing: $6B for America's kids

#WolffBites: US = a "Rube Goldberg" capitalism. First you rip off working class parents so they cannot provide adequately for their children. Second, you gather media to celebrate your give back of $250 to the poorest children. The ripoff continues.

www.axios.com/newsletters/...

03.12.2025 14:38 β€” πŸ‘ 21    πŸ” 8    πŸ’¬ 2    πŸ“Œ 0
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Amy Goodman at Hamptons Doc Fest Screening of Steal This Story, Please! | Democracy Now! In this age of widespread misinformation and increased threats to press freedom, support for independent journalism is more important than ever. Media is

Join us in Sag Harbor on Dec 4, 2025 at 7:30 PM for a screening of "Steal This Story, Please!"

A Q&A with Amy Goodman plus Oscar-nominated, Emmy-winning filmmakers Tia Lessin & Carl Deal follows the film.

02.12.2025 18:15 β€” πŸ‘ 55    πŸ” 18    πŸ’¬ 3    πŸ“Œ 2
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People living along polluted Thames file legal complaint to force water firm to act Residents claim raw sewage and poorly treated effluent as result of Thames Water’s failings are threat to health

#WolffBites: Right-wing UK leader Thatcher privatized London's water system. Private owners aimed for profits, sacrificed everything else. Now extreme pollution or sky-high costs confront London's water-users. Privatization often fails.

www.theguardian.com/business/202...

02.12.2025 14:57 β€” πŸ‘ 21    πŸ” 11    πŸ’¬ 2    πŸ“Œ 0
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Schools urged to trial four-day week to ease pressure on teachers in England and Wales Advocacy group tells education secretary β€˜working smarter’ can protect staff wellbeing and help students

#WolffBites: UK teachers quitting because of "crippling" working conditions. No "Labor gov't" plan for pay increases, more hires. Instead, plans to reduce teacher work-weeks. Capitalism's crisis deepens as it undereducated its own.

www.theguardian.com/education/20...

01.12.2025 14:52 β€” πŸ‘ 28    πŸ” 10    πŸ’¬ 2    πŸ“Œ 0
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The kids aren't alright – Economic health of Gen Z Unemployment is rising and wage growth is declining for young adults, which could have a long-term scarring impact.

#WolffBites: Gen Z (born from 1997 to 2012) suffer heavy economic distress. American dream unattainable. US capitalism hugely disappointing. Oxford economics presents the economic statistics proving it.

www.oxfordeconomics.com/resource/the...

25.11.2025 17:51 β€” πŸ‘ 27    πŸ” 9    πŸ’¬ 4    πŸ“Œ 0
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Belgian airports warn of 'major disruption' amid nationwide strikes Three days of industrial action planned by unions in Belgium are set to affect public services and transport across the country.

#WolffBites: Belgium shows what's coming to us in "the West:" gov't austerity to satisfy nation's creditors = cuts in social welfare. These lead to union strikes then to general strike. How "decllne of the west" plays out.

www.bbc.com/news/article...

24.11.2025 16:58 β€” πŸ‘ 29    πŸ” 13    πŸ’¬ 2    πŸ“Œ 1
Wolff Response: "The National Debt Disaster" dated November 19, 2025
YouTube video by RichardDWolff Wolff Response: "The National Debt Disaster" dated November 19, 2025

Wolff Response: "The National Debt Disaster" dated November 19, 2025
www.youtube.com/watch?v=g5Z3...

20.11.2025 23:13 β€” πŸ‘ 16    πŸ” 8    πŸ’¬ 0    πŸ“Œ 0
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Ultra-processed food is global health threat, experts warn It is increasing our risk of a range of chronic diseases, including obesity and depression, a major review says.

#WolffBites: Ultra-processed foods are very profitable so they get produced and increasingly eaten despite serious dangers to our health. Another contradiction between how capitalism works and what people need. The system is the problem.

www.bbc.com/news/article...

20.11.2025 23:12 β€” πŸ‘ 40    πŸ” 13    πŸ’¬ 2    πŸ“Œ 1
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Lowe's stock pops, CEO says Americans will renovate homes instead of moving Lowe's CEO Marvin Ellison expects home renovations to ramp up in lieu of homeowners taking on new homes because of still-high mortgage rates.

#WolffBites: Loews CEO predicts rising demand because homeowners can borrow more to renovate their homes. A wobbly US economy living on ballooning credit for decades wiil go further down its debt hole.

finance.yahoo.com/news/lowes-s...

19.11.2025 21:45 β€” πŸ‘ 27    πŸ” 5    πŸ’¬ 4    πŸ“Œ 0
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Food stamps are back, but millions will soon lose benefits permanently Even though the shutdown is over, the GOP’s signature tax and spending law is poised to kick people off the nation’s largest anti-hunger program.

#WolffBites: Despite gov't shutdown over, millions of the US poorest will be thrown off of food stamps (SNAP) because of Trump's "big, beautiful" tax bill. SNAP payments now average $6 per day for 42 million people.

www.politico.com/news/2025/11...

18.11.2025 18:47 β€” πŸ‘ 24    πŸ” 8    πŸ’¬ 0    πŸ“Œ 0
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How Apollo Turned Americans’ Nest Eggs Into Wall Street’s Hottest Trade Apollo’s widely copied playbook is shepherding billions to Bermuda affiliates, losing US guarantees

#WolffBites: US insurance firms and pension funds seek more profits by moving hundreds of $ billions to less-regulated places (Bermuda, etc.), So their safety erodes. In contrast, China invests more in wealth-generating industrial production.

www.bloomberg.com/graphics/202...

17.11.2025 21:06 β€” πŸ‘ 22    πŸ” 9    πŸ’¬ 0    πŸ“Œ 0
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China’s Deflationary Spiral Hurts Economy Harder Than Official Numbers Suggest Bloomberg analysis shows deflation on the ground feels more pronounced than official data show, with prices of everyday goods plunging and the share of loss-making companies at a 25-year high.

#WolffBites: Bloomberg bashes China again. Says its economy in deflation, its gov't lying. Fact: In recent years China's inflation rate kept near zero. Embarrassingly crude China bashing = sign of weakness and desperation.

www.bloomberg.com/graphics/202...

14.11.2025 19:27 β€” πŸ‘ 41    πŸ” 9    πŸ’¬ 1    πŸ“Œ 1
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US Companies Announce Most October Job Cuts in Over 20 Years US companies announced the most job cuts for any October in more than two decades as artificial intelligence reshapes industries and cost-cutting accelerates, according to data from outplacement firm ...

#WolffBite: Good economy? US companies this October announced the largest job cuts in 20 years. No wonder Americans find socialism ever more appealing.

www.bloomberg.com/news/article...

13.11.2025 16:35 β€” πŸ‘ 52    πŸ” 23    πŸ’¬ 6    πŸ“Œ 3
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Catherine Connolly sworn in as Ireland’s president on day of pomp and celebration New president pledges β€˜all voices’ will be heard and vows to promote climate action, tolerance and a Gaelic revival

#WolffBites: Zohran Mamdani has a parallel new leader in Caterie Connolly, Ireland's newly elected President. How the political winds are shifting!

www.theguardian.com/world/2025/n...

11.11.2025 19:52 β€” πŸ‘ 71    πŸ” 18    πŸ’¬ 5    πŸ“Œ 0
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China Consumer Prices Unexpectedly Rise on Holiday Demand The consumer price index rose 0.2% from a year earlier, after a 0.3% decline in September, according to data released by the National Bureau of Statistics on Sunday. The median forecast of economists...

#WolffBites: China's inflation from October 2024 to October 2025 was 0.2%. The US inflation over the same time was 3%. Thus US inflation was 15 times worse than Chinese. A repeated difference in recent years.

finance.yahoo.com/news/china-c...

10.11.2025 14:08 β€” πŸ‘ 30    πŸ” 15    πŸ’¬ 1    πŸ“Œ 0
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#WolfBites: ZOHRAN MAMDANI...

06.11.2025 15:55 β€” πŸ‘ 75    πŸ” 14    πŸ’¬ 0    πŸ“Œ 0

#WolffBites: Zohran Mamdani: another American mostly inside his "new country" yet also partly outside so he sees not only how nations differ but also how capitalism and socialism do.

05.11.2025 14:59 β€” πŸ‘ 21    πŸ” 4    πŸ’¬ 0    πŸ“Œ 0
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US’s top 10 wealthiest are $700 billion richer under Trump: report The president’s own personal wealth allegedly grew by $3.4 billion during his two terms in office

#WolffBites: American capitalism 2025: the already obscenely rich get even richer by shifting income and wealth from the rest of an overcharged and underpaid people. It's how capitalism works.

www.independent.co.uk/news/world/a...

04.11.2025 21:22 β€” πŸ‘ 37    πŸ” 27    πŸ’¬ 4    πŸ“Œ 3
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Axios AM - πŸŽ“ College students pick socialism over capitalism

#WolffBites: US poll of college students shows that 67% view socialism as either positive or neutral, while only 40% feel that way about capitalism. Capitalism's performance produces the yearning for something better.
www.axios.com/newsletters/...

03.11.2025 15:04 β€” πŸ‘ 54    πŸ” 18    πŸ’¬ 0    πŸ“Œ 3

#WolffBites: Mississippi police officers arrested for drug trafficking. No risk of death penalty if convicted. US military executed over 60 people in South American boats over recent weeks, called them "drug traffickers." Trump team cheers.

www.newsnationnow.com/crime/missis...

31.10.2025 16:47 β€” πŸ‘ 35    πŸ” 17    πŸ’¬ 0    πŸ“Œ 1
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Who is paying for Trump's tariffs? So far, it's US businesses. President Donald Trump promised during his recent campaign to impose steep tariffs on other countries, assuring voters that the cost would be paid by foreign sellers, not Americans. In September 2024,...

#WolffBites: Yes, so far US businesses either pay Trump's tariffs or pass them on in higher prices for consumers. But remember, before his tariffs, Trump extended earlier tax cuts for corporations and the rich plus added new ones. US consumers got no offsetting tax cuts.
www.piie.com/blogs/realti...

30.10.2025 15:55 β€” πŸ‘ 29    πŸ” 14    πŸ’¬ 2    πŸ“Œ 0
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US kills 14 in strikes on four alleged drug boats Mexico's navy is searching for the sole survivor of the latest attack on boats the US says were carrying drugs in both the Pacific and Caribbean.

#WolffBites: 57 people killed in boats on open seas in recent months. US Chief Executive has taken on the extra job of Chief Executioner. No evidence, lawyers, juries, or judges....just straight to execution.

www.bbc.com/news/article...

29.10.2025 13:57 β€” πŸ‘ 69    πŸ” 38    πŸ’¬ 10    πŸ“Œ 4
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#WolffBites: "Delusion"

27.10.2025 14:36 β€” πŸ‘ 167    πŸ” 44    πŸ’¬ 3    πŸ“Œ 2
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AI’s Grand Circus We inflate markets, deflate possibility, and call it progress.

AI’s Grand Circus:
We inflate markets, deflate possibility, and call it progress. open.substack.com/pub/democrac... via @democracyatwork.bsky.social

25.10.2025 14:34 β€” πŸ‘ 21    πŸ” 7    πŸ’¬ 1    πŸ“Œ 0
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The Peril of a White House That Flaunts Its Indifference to the Law

#WolffBites: A president stretches the law to enhance powers that include killing. It is a desperate gesture trying to offset the decline of the empire and its "rules-based international order." All previous empires declined despite such gestures.

www.nytimes.com/2025/10/24/u...

25.10.2025 14:30 β€” πŸ‘ 60    πŸ” 22    πŸ’¬ 7    πŸ“Œ 2
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Check out this upcoming reading group "Popular #Cultures and Antifascist Care" on Jack Z. Bratich's recent book "On #Microfascism: #Gender, #War, and Death" from
@commonnotions.bsky.social
register here: radicalimagination.info/Popular-Cult...

25.10.2025 00:15 β€” πŸ‘ 5    πŸ” 2    πŸ’¬ 0    πŸ“Œ 0

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