Reform and Revolution

Richard D. Wolff is Professor of Economics Emeritus, University of Massachusetts, Amherst and a Visiting Professor in the Graduate Program in International Affairs of the New School University, New York City. In this interview, host Andrew Keen and Professor Wolff discuss the definition of capitalism from the Marxist perspective. When the system of capitalism experiences dire crises, Wolff argues, it has been natural to question the nature of the system itself, just as the financial crises of the early 20th and 21st centuries have prompted reforms of capitalism to varying extents. Today, the path to better political democracy, says Wolff, lies in stronger economic democracy.