Professor Richard D. Wolff

Professor Richard D. Wolff

@profwolff.bsky.social

Professor of Economics Emeritus University of Massachusetts Founder/Director Democracy At Work #WeCanDoBetterThanCapitalism Follow: https://bsky.app/profile/democracyatwork.bsky.social website: www.RDWolff.com website: www.DemocracyAtWork.info

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Professor Richard D. Wolff
@profwolff.bsky.social

#WolffBites: When Norway taxed business wealth, very few rich businesses left Norway, business tax revenues rose by 70%, and no adverse effects. Conclusion: tax raises on business could serve US too. www.nber.org/papers/w35854

nber.orgTaxing Entrepreneurial Wealth: Evidence from Norway, 2021–2025Founded in 1920, the NBER is a private, non-profit, non-partisan organization dedicated to conducting economic research and to disseminating research findings among academics, public policy makers, an...
Professor Richard D. Wolff
@profwolff.bsky.social

#WolffBites: Macron, "boss" of France's political "center," (1) tries police/army repression of protests, (2) panders to the right by blaming immigrants, and (3) keeps neglecting schools (the protests' cause). Trump urges/applauds repression in France, of course. www.theguardian.com/world/2026/o...

theguardian.comMacron bans ‘illegitimate‘ protests in France as he tries to get a grip on unrestFrench president will decide on concrete ‘next steps’ regarding demonstrations called for Saturday and after, as part of tough security response to recent rioting
Professor Richard D. Wolff
@profwolff.bsky.social

#WolffBites: Investors in French gov't bonds see rising risks of French leaders' refusal to honor their gov't debts. So they demand higher interest rates. Same is happening elsewhere in Europe and in US. Crisis spreads.

Professor Richard D. Wolff
@profwolff.bsky.social

#WolffBites: French President Macron focuses on violent police repression of teenagers. How France's elite responds to millions of teachers and students protesting inadequate funding of schools. Result: protests spread across Europe. www.cnn.com/world/video/...

cnn.comFrench police tactics under scrutiny after teenagers seriously injured during protests | CNNA 14-year-old boy left with a fractured jaw after police fired a tear gas canister at close range, striking him in the face. Another teenager who lost the use of an eye. As students across France cont...
Professor Richard D. Wolff
@profwolff.bsky.social

#WolffBites: French protests against cuts in public services spread to Portugal and Italy, as earlier to Belgium. Italy's gov't learns nothing, hits protesters with police, solving nothing, provoking more protests. www.theguardian.com/world/2026/o...

theguardian.com‘We are suffocating’: protests spread to Lisbon and Milan as housing and living cost tensions intensifyHundreds at Lisbon tent camp demand action, as Giorgia Meloni says march in Italy was exploited by ‘hooligans’
Professor Richard D. Wolff
@profwolff.bsky.social

#WolffBites: Capitalism made the already richest man in the world - Musk - much richer (a trillionaire). Musk uses that money to buy US elections so officials will preserve the capitalism that enriched him. That is the opposite of democracy. www.nytimes.com/2026/10/12/u...

nytimes.comInside Elon Musk’s $276 Million Midterm Rescue Mission for RepublicansThe world’s richest person has quietly become by far the biggest known midterm donor, trying to save Republicans’ Senate majority with some of the largest donations in American political history.
Professor Richard D. Wolff
@profwolff.bsky.social

#WolffBites: As people increasingly ask "how can we do better than capitalism," the Nobel prize goes yet again to economists who work to keep capitalism by "managing" its profound instabilities better. news.columbia.edu/news/columbi...

news.columbia.eduColumbia’s Michael Woodford Wins 2026 Nobel Memorial Prize in EconomicsWoodford receives Sveriges Riksbank Prize in Economic Sciences, along with Robert E. Hall of Stanford University, for microeconomic foundations of macroeconomic stabilization.
Professor Richard D. Wolff
@profwolff.bsky.social

#WolffBites: As yes-women clap for him, he wants a new name (either Trump or America) for the Atlantic or Pacific oceans. As the actual US empire and its leader decline, growing their names becomes more urgent and desperate. www.dailymail.com/news/article...

dailymail.comTrump floats renaming Atlantic or Pacific 'Trump Ocean' to huge cheersThe president joked about finding another major river or ocean to rename before leaving office, while ruling out changing the Hudson or Mississippi rivers.

Professor Richard D. Wolff reposted

Democracy At Work
@democracyatwork.bsky.social

Book Talk next week with Jasper Bernes on his recent book The Future of #Revolution from @versobooks.bsky.social RSVP here: marxedproject.org/event/future...

marxedproject.org'The Future of Revolution' with Jasper Bernes - Marxist Education ProjectHow might a twenty-first-century revolution against class society succeed? Join us for a conversation with Jasper Bernes, author of The Future of Revolution: Communist Prospects from the Paris Commune...
Professor Richard D. Wolff
@profwolff.bsky.social

French students lead against gov't cuts in public services (like schools), healthcare, pensions. Instead, Macron uses tax revenues to aid big business, rearm, fund Ukraine's war, save the rich from paying fair taxes. What "Alors enfants de la patrie" really means. www.cnn.com/2026/10/06/e...

cnn.comUnprecedented student protests are rocking France. Here’s why they’re angry | CNNFrance is struggling to contain its biggest student protests in decades. What started as a demonstration in support of striking teachers at a suburban high school to the north of Paris has snowballed ...
Professor Richard D. Wolff
@profwolff.bsky.social

#WolffBites: On October 7: when "they had no choice" is said about Israel's wars against Palestinians, the aim is to end debate about the choices that were and are always there. The fear is about where debate can lead.

Professor Richard D. Wolff
@profwolff.bsky.social

#WolffBites: Stock market hits record highs. When empires decline, the top 10% keep squeezing wealth despite decline. They push the rising costs of decline onto the masses (think DOGE). The richest 10% own 80% of US stock markets. The masses merely watch. finance.yahoo.com/markets/live...

finance.yahoo.comStock market today: S&P 500, Nasdaq hit record highs as Nvidia, AMD lead tech higherStocks continued to march higher despite elevated bond yields.
Professor Richard D. Wolff
@profwolff.bsky.social

#WolffBites: As of 56 days before the mid-term election, $11.6 billion has been spent ("donated") to buy political parties, candidates, and votes. That's why politicians serve their donors first and everyone else a distant second. finance.yahoo.com/economy/poli...

finance.yahoo.comShifting Senate Map Is Fueling Most Expensive US Election EverThe political battle for the Senate is spreading to states many analysts doubted would have a central role in the November midterms, prompting both parties to bolster spending in an election that is o...
Professor Richard D. Wolff
@profwolff.bsky.social

#WolffBites: Trump hits Europe with tariffs and demands for tribute (investments in US). Euro leaders cave plus provide bases for thousands of US bombing raids on Iran since February 2026. Slavish Euro leaders serve US masters. www.nato.int/en/news-and-...

nato.intA conversation on NATO’s Futurewith Secretary General Mark Rutte and US Permanent Representative to NATO Ambassador Matthew G. Whitaker, hosted by the Chicago Council on Global Affairs | Des Moines, Iowa

Professor Richard D. Wolff reposted

Democracy At Work
@democracyatwork.bsky.social

Register now for2-part Online Courses (The Marxian MBA & Red Threads) with @profwolff.bsky.social and @shahramazhar.bsky.social Learn to Analyze Corporate finance structure and tactics through a Marxian Lens, and the evolution of Marxian tradition around the Globe! www.eventbrite.com/e/a-two-part...

eventbrite.comA Two-Part, Four-Session Online Course from d@wLearn to Analyze Corporate finance structure and tactics through a Marxian Lens, and the evolution of Marxian tradition around the Globe!
Professor Richard D. Wolff
@profwolff.bsky.social

#WolffBite: Most in US now oppose Trump/MAGA. Yet among richest 5% - the US ruling class - enough support him to let him keep power. In return, he makes the ruling rich still richer, himself included. How long will we tolerate this?

Professor Richard D. Wolff
@profwolff.bsky.social

#WolffBites: NY Senator Schumer, going down with voters like most other centrists. The center cannot hold and takes its mascots down with it. Unsolved real problems kicked down the road eventually provoke most voters to chose the Mamdanis over the Cuomos. www.cnn.com/2026/09/23/u...

cnn.comThe Odds: Historic slump facing Senator Schumer | CNNSenate Minority Leader Chuck Schumer is facing a historic slump, with his net favorability among Democrats hitting a record low in new polling. CNN News Central’s John Berman and Chief Data Analyst Ha...
Professor Richard D. Wolff
@profwolff.bsky.social

#WolffBites: To a UN General Assembly - an institution founded in reaction against the violent horrors of World War 2, - Trump threatened to "annihilate" a fellow UN member nation of 92 million people. No excuse, not even senility.