Professor Richard D. Wolff
@profwolff
Professor of Economics Emeritus University of Massachusetts Founder/Director Democracy At Work #WeCanDoBetterThanCapitalism Follow: website: www.RDWolff.com website: www.DemocracyAtWork.info
#WolffBites: US working class's DECLINING share of national income follows the decline since 2000 of the US empire. Those at the top gathered around the Trump regime offloading the costs of the empire's decline onto the working class below them.
#WolffBites: Proof US workers are right. US capitalism squeezes them while corporate profits soar (especially under Trump)
#WolffBites: If AI models are our technical future, China has the best and cheapest, not the US. Like electric vehicles, solar panels, batteries, etc.
#WolffBites: Hard threatening faces will scare children. Only a cringing Secretary of the Treasury could put that face on a new US $ 1 gold coin.
#WolffBite: On Bastille Day, celebrating France's 1789 revolution, we are reminded that revolutions happen when people lose confidence in social institutions (see Gallup poll below).
#WolffBites: Americans increasingly cannot afford to buy homes because US capitalism raises home prices much faster than individual incomes. So much for "our great economy."
#WolffBites: US airfares have risen 24% already in first half of this year.....far, far above general inflation. How US airlines pass costs of Iran war onto US consumers.
#WolffBites: US has worst maternal death record in the industrial world. Situation worsened in recent decades. Yet another cost of having a failed profit-profit-driven healthcare system.
#WolffBItes: A changed world economy frustrated (1) collective West-Ukraine war against Russia and (2) US-Israel war on Iran. Will that lesson be learned?
#WolffBites: Latest Gallup poll shows for FIRST time more Americans sympathize with Palestine than with Israel. Result when US colleges/universities punish/repress pro-Palestinian students and faculty.
Hello friends, next month myself alongside @shahramazhar.bsky.social will be presenting “Marxian Class Analysis”, an Online Course. This is part of the Left Education Project organized by @democracyatwork.bsky.social and #LeftForum You may register at: www.eventbrite.com/e/marxian-cl...
#WolffBites: USSR's decline left US empire to reach its peak. World's central banks exchanged gold for US dollar treasuries. As US empire goes into decline after 2000 and China rises.... Those banks shift back from US treasuries to gold.
#WolffBites: The biggest threat to US capitalism is this inequality: 20% richest do 59% of total consumer spending that keeps economy going, but poorest 80% do only 41% of spending. Capitalism keeps producing the inequality that destroys it.
#WolffBites: Job prospects in the US worse today than at any time over the last 12 years (worse even than during the pandemic).
#WolffBites: Americans who can buy foreign passports are doing so in record numbers. Do you wonder why that might be? www.bloomberg.com/explainers/h...
World trade growth remains steady across 2025, but US trade growth declines and falls below 0 at year's end. Rough 2026 ahead. www.bloomberg.com/news/newslet...
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 “People’s Forum” in New York City RSVP Here: shorturl.at/u3pIQ democracyatwork.substack.com/p/mamdanis-s...
#WolffBites: Thanks to Trump and Kennedy........................... x.com/dr_andrealov...
#WolffBites: This graphic shows the economic decline/isolation of the US relative to the economic rise of China and growth of its BRICS alliance. sonar21.com/the-turning-...
#WolffBites: Desperate inequality: richest 10% now do half of total US consumer spending. No wonder the other 90% are increasingly upset and angry.
It was liberals - now called "centrists" in both parties - who passed the laws giving presidents the powers now used against them. The centrists aimed to use that power against leftists. Ironically the far right now uses it against the centrists. - Meme credit: @redneckgonegreen.bsky.social
#WolffBites: Inflation of ice cream hits a new high in hurting every family's budget. Meanwhile our "leaders," watching the stock market, celebrate how "good" the economy is. www.axios.com/newsletters/...
Huge tax cuts for corporations and the rich means cuts to programs people need, plus $ trillions more US govt borrowing. Out of control capitalism, driven by the rich to get ever richer. This will end badly.
#WolffBites: Around the world favorable attitudes toward China rise while they fall for the US. Trump's election, inauguration, policies sharply damage US's world reputation.
#WolffBites: A declining US empire leads the rich and corporations to their current attack on Social Security (staff and service cuts plus threats to payments). Yet Americans need social security more than ever.