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151001 Richard Wolff - Capitalism: Fantasies and Realities

The stories spun about the economy are more akin to fairy tales. The most popular one, endlessly repeated, is that if you work hard youíll get ahead. Another is trickle down. Remember that one? The fat cats get fatter and youíll benefit by getting the leftover crumbs. Itís a wonder after decades of breathtaking income and wealth inequality and flat wages for most workers that these tales are still told. Noam Chomsky talks about "really existing capitalism," dependent on state subsidies, tax breaks and loopholes. The drift to oligarchy continues unabated. Corporate power is dominant. It has tremendous political influence. The media fail to inform. In spite of all that, people all over the world, tired of enduring the lies and deprivations, are asking questions about the fantasies and realities of capitalism.

Richard Wolff teaches at the New School in New York. The New York Times called 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" with David Barsamian.


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Alternative Radio (Aust.) PO Box 687 Cowes VIC 3922 Australia
tel. 61-3-5952 5780 mob. 61-4-1359 7828 inquiries@araustralia.org
www.araustralia.org