Richard Wolff – The Market: A Paragon of Virtue

Myths Die hard.  Just as there are no unicorns, three is no free market.  The myth is propagandized by its beneficiaries, i.e. the rich and powerful, the 1%.  We don’t have a really free market because there is massive government intervention to prop it up through bailouts and subsidies, tax breaks and loopholes.  The system generates more monopoly and concentration.  Attempts at regulation are watered down to be virtually meaningless.  The market as a paragon of virtue?  The crucial question: how do we create an economy which is responsive to people’s needs, meets social goals of equality and protects the environment.

Richard Wolff is Professor of Economics Emeritus at the University of Massachusetts in Amherst and currently a visiting professor at the New School in New York. The New York Timescalled him “America’s most prominent Marxist economist.” He is the author of numerous books including Capitalism Hits the Fan,Democracy at Work and Occupy the Economy: Challenging Capitalism with David Barsamian.


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