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Richard D. Wolff: Economic Development and Rana Plaza

The official death toll from the April collapse of the Rana Plaza building in Dhaka, Bangladesh, which housed clothing factories, has now passed 1,100. How exactly will the staggering costs of that overwhelming tragedy be figured? Will they count as part of capitalism's contribution to economic development across Asia, Africa, and Latin America? In capitalism's Read more…

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Richard D. Wolff: Choosing Ryan, Embracing Austerity

Whatever electoral calculations drove Mitt Romney to choose Paul Ryan as his vice-presidential running mate, the choice also has a deeper meaning. Ryan's arrival at the top of the Republican Party represents the rise of the most vocal and visible proponent of austerity in US politics today. Ryan represents the US parallel to the regimes now controlling, for Read more…

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