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Ask Prof Wolff LIVE, October 2022 - Full Event Recording
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Professor Wolff answered the following questions in this event:
1) 5:07 - Can you discuss the concept of labor markets and how they influence collective power?
2) 11:01 - Fascism is when the state and corporations merge so why isn't the system that China has considered fascist? Is it fascist, is it not?
3) 20:42 - If inflation is a result of employers increasing prices to make higher profits, how does the Fed connect the interest rate as a way to directly control inflation?
4) 31:44 - In a worker cooperative society, what would be the role or major functions of the state?
5) 39:47 - What is the major historical downsides to a deflation? Are price decreases in a specific sector (eg, fuel if hypothetically the shocks to that supply chain end sometime) generally isolated from these?
6) 48:00 - Prof Wolff, I think the condition of public goods is correlated with a society's democratic health. What do you think about this?
7) 56:28 - Is capitalism a religion? Has it become the established religion of the United States?
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“Marxism always was the critical shadow of capitalism. Their interactions changed them both. Now Marxism is once again stepping into the light as capitalism shakes from its own excesses and confronts decline.”
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