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Current Affairs

The End of American Empire (w/ Richard Wolff)

Current Affairs

Current Affairs

Comedy, Government, News, Culture, Politics

4.4645 Ratings

🗓️ 3 June 2025

⏱️ 56 minutes

🧾️ Download transcript

Summary

Professor Richard Wolff is the host of the weekly program Economic Update, co-founder of Democracy at Work, and the author of numerous books including Understanding Marxism, Understanding Socialism, Capitalism Hits the Fan, and The Sickness Is the System.

Transcript

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0:00.0

Welcome to Curt Affairs.

0:09.5

My name is Nathan Robinson.

0:11.2

I am the editor-chief of Kurt Affairs magazine, and I am completely delighted to be joined today by Richard Wolff.

0:18.5

He has been called America's most prominent Marxist economists by no less than the New York Times.

0:25.1

He is a specialist in making economics intelligible to ordinary people, which he does each week on his syndicated program,

0:34.4

Economic Update. His many books include understanding Marxism, understanding socialism,

0:40.4

understanding capitalism, democracy at work, capitalism hits the fan, and the sickness is the system.

0:47.0

The legendary Noam Chomsky says of Richard Wolfe that his constructive and innovative ideas

0:50.8

suggest new and promising foundations for a much more authentic democracy

0:54.6

and sustainable and equitable development ideas that can be implemented directly and carried

0:59.4

forward. Richard Wolfe, Professor Richard Wolfe, welcome to current affairs. Thank you very much,

1:05.4

Nathan. I'm glad to be here. Now, I noted there that many of your books have the word understanding in the title. You

1:13.1

are, started as an academic economist, but you have in recent years dedicated yourself to helping

1:18.7

ordinary people understand the often confusing and mysterious forces, the economic forces,

1:25.3

that shape their lives. I wondered if we could perhaps start with

1:30.1

some of what you are trying to get people to understand, some broad themes that come out that

1:35.1

you, I'm sure you respect a lot of what ordinary workers perceive about the economy that

1:42.2

perhaps many economists don't perceive, but there has to be a

1:46.0

great deal that ordinary people don't understand about the economic world.

1:50.6

So what is it that you're trying to, when you take someone who doesn't really understand economics,

1:55.4

how are you trying to open their eyes?

1:56.9

What are you trying to show them?

...

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