Richard Wolff: Why Capitalism Is Failing and What Comes Next

Richard Wolff discusses the foundations of Marxist economics, the relevance of Black Lives Matter, defunding the police, and the prospects of a third‑wave socialism. He examines historical Marxist ideas, contemporary activism, and policy proposals while questioning institutional biases.- 0:00 - Humility as condition for scholarship- 4:04 - How Wolff became a Marxist economist- 14:14 - West’s fear of Marxism- 17:36 - Taboo of Marxism and education- 23:58 - Definitions of Marxism, Socialism, Communism- 36:02 - The “third phase” of Socialism- 40:10 - Different experiments of Communism- 42:22 - Marx on worker co‑ops- 50:59 - Violence and self‑defense in revolution- 53:20 - Defunding the police movement- 57:32 - Is the state antithetical to Marxism?- 1:02:07 - Black Lives Matter- 1:04:02 - Anarcho‑communism and Marxism- 1:06:02 - Advice for BLM activism- 1:08:02 - Root problem: race or economics?- 1:12:37 - Measuring freedom- 1:16:43 - Identity politics and class- 1:18:45 - Where Wolff disagrees with Marx- 1:22:36 - Limits of right and left politics- 1:25:50 - Policy Wolff would enact if elected- 1:29:50 - Kamala Harris’ father as Marxist- 1:30:45 - Quota‑based systems and affirmative action- 1:35:51 - Definitive answer on affirmative action- 1:38:19 - Hegel’s relation to Marx- 1:40:14 - Hegelian contradiction and logic- 1:42:08 - Overview of the labor theory of value- 1:45:26 - Exploitation in employer‑employee relationsRESOURCES:- YouTube channel: https://www.youtube.com/c/TheoriesOfEverything- Patreon for conversations on Theories of Everything, Consciousness, Free Will, and God: https://patreon.com/curtjaimungal- Crypto: https://nowpayments.io/donation/TOE- Help support conversations like this via PayPal: https://bit.ly/2EOR0M4- Twitter: https://twitter.com/TOEwithCurt- iTunes: https://podcasts.apple.com/ca/podcast/better-left-unsaid-with-curt-jaimungal/id1521758802- Pandora: https://pdora.co/33b9lfP- Spotify: https://open.spotify.com/show/4gL14b92xAErofYQA7bU4e- Google Podcasts: https://play.google.com/music/listen?u=0#/ps/Id3k7k7mfzahfx2fjqmw3vufb44 Theories of Everything with Curt Jaimungal features long-form, technically detailed interviews with leading researchers in physics, mathematics, consciousness, and philosophy, exploring topics at the level of active research. For academics, graduate students, and anyone seeking depth beyond popular science. SPONSOR: I personally subscribe to The Economist. TOE listeners get 35% off the annual subscription. No other podcast has this! https://economist.com/TOE Every episode days early, ad-free, plus my essays: https://curtjaimungal.substack.com/subscribe FOLLOW: Substack | Spotify | YouTube | Twitter Learn more about your ad choices. Visit megaphone.fm/adchoices