Dr. Richard Wolff - Capitalism is Broken. Here is the Solution.

Dr. Richard Wolff - Capitalism is Broken. Here is the Solution.

Author: Smart People Industries December 6, 2016 Duration: 58:08
Our guest this week believes capitalism is broken, and he makes a pretty good argument to support this. He explains how capitalism as a system has spawned deepening economic crisis alongside its bought-and-paid-for political establishment. Neither of these outcomes serves the needs of our society. Our guest this week believes he has the solution - a cure for capitalism. In this episode, world renowned economist, Dr. Richard Wolff, offers a fair critique of capitalism and advocates for a worker cooperative based economy. This solution requires the institution of genuine economic democracy, starting with workers directing their own workplaces, as the basis for a genuine political democracy. According to Dr. Wolff, what most people don't realize is that worker cooperatives are actually larger than conventional businesses, survive at least as long as other businesses, and have more stable employment. Tune in and get your smart people economics fix! Dr. Richard D. Wolff is professor of economics emeritus at the University of Massachusetts, Amherst. He is currently a visiting professor at the New School for Social Research in New York. Wolff is the author of many books, including his newest, Democracy at Work: A Cure for Capitalism. He is also the founder of Democracy at Work, a 501(c)3 organization that conceives, creates, and distributes content aimed at demonstrating why, and how, democratizing the workplace is a feasible solution to a new and better economic system. Learn more about your ad choices. Visit megaphone.fm/adchoices

Every other week, Chris Stemp and Jon Rojas sit down with a guest who has fundamentally shaped their field, driven not by a rigid agenda but by genuine curiosity. The Smart People Podcast from Smart People Industries is built on the idea that the most compelling insights emerge from relaxed, authentic dialogue. You’ll hear authors, innovators, and cultural leaders-each with significant recognition in areas like business, education, or society-speak in a way that often feels more like a fascinating dinner conversation than a formal interview. Chris’s thoughtful questioning, paired with Jon’s producer perspective, gently guides discussions into unexpected territories, revealing the personal journeys and nuanced ideas behind public achievements. This podcast thrives in the space between expertise and accessibility, making complex topics relatable without sacrificing depth. It’s for anyone who believes that learning is a continuous, engaging process, and that the best lessons come from listening to people who think differently. Tune in biweekly for conversations that are as intellectually substantial as they are genuinely enjoyable, reminding us that smart discourse can be both enlightening and warmly human.
Author: Language: English Episodes: 500

Smart People Podcast
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