Articles by: Richard D Wolff

Artificial Intelligence: Profit Versus Freedom

Artificial Intelligence: Profit Versus Freedom

Artificial Intelligence (AI) presents a profit opportunity for capitalists, but it presents a crucial choice for the working class. Because the working class is the majority, that crucial choice confronts society as a whole. It is the same profit opportunity/social choice that was presented by the introduction of robotics, computers, and indeed by most technological advances throughout capitalism’s history. In[Read More…]

by 23/09/2023 Comments are Disabled Life/Philosophy
Why Capitalism Is Leaving the U.S., in Search of Profit

Why Capitalism Is Leaving the U.S., in Search of Profit

Early U.S. capitalism was centered in New England. After some time, the pursuit of profit led many capitalists to leave that area and move production to New York and the mid-Atlantic states. Much of New England was left with abandoned factory buildings and depressed towns evident to this day. Eventually employers moved again, abandoning New York and the mid-Atlantic for[Read More…]

by 20/07/2023 Comments are Disabled World
It’s Hard for Americans to Engage in China-Bashing Without Tripping on Contradictions

It’s Hard for Americans to Engage in China-Bashing Without Tripping on Contradictions

The contradictions of China-bashing in the United States begin with how often it is flat-out untrue. The Wall Street Journal reports that the “Chinese spy” balloon that President Joe Biden shot down with immense patriotic fanfare in February 2023 did not in fact transmit pictures or anything else to China. White House economists have been trying to excuse persistent U.S. inflation saying[Read More…]

by 07/07/2023 Comments are Disabled World
The World Economy Is Changing—the People Know, but Their Leaders Don’t

The World Economy Is Changing—the People Know, but Their Leaders Don’t

The year 2020 marked parity between the total GDP of the G7 (the U.S. plus allies) and the total GDP of the BRICS group (China plus allies). Since then, the BRICS economies grew faster than the G7 economies. Now a third of total world output comes from the BRICS countries while the G7 accounts for below 30 percent. Beyond the[Read More…]

by 07/06/2023 Comments are Disabled World
The Debt Ceiling Debate Is a Massive Deception Against the Public

The Debt Ceiling Debate Is a Massive Deception Against the Public

Future historians will likely look back at the debt ceiling rituals being reenacted these days with a frustrated shaking of their heads. That otherwise reasonable people would be so readily deceived raises the question that will provoke those historians: How could this happen? The U.S. Congress has imposed successive ceilings on the national debt, each one higher than the last.[Read More…]

by 09/05/2023 Comments are Disabled World
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