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
Professor Richard D. Wolff
#WolffBites: Chinese electric vehicles now dominate global markets (as do Chinese batteries, automotive software, etc.). USA similarly outcompeted in many other industries. Historic change in world economy will have many global effects.
www.bbc.com/news/article...
#WolffBites: US savings rate now very low 2.6% (what we save out of our disposable personal incomes). Prices up faster than wages cuts savings across Trump's 2nd term. We risk our futures if we cannot save now. Trump's economy is not "great."
www.cnbc.com/2026/05/28/s...
#WolffBites: Krugman says only 19% of Americans (MAGA) agree with Trump that the economy is getting better; the rest think it's getting worse. Yet neither non-MAGA republicans nor democrats have any coherent program to make the economy better.
paulkrugman.substack.com/p/whos-deran...
#WolffBites: US economy not so great now: highest credit card debt in history PLUS highest rate of credit card delinquency ever. Households are desperate: "There's too much month at the end of the money..."
www.youtube.com/watch?v=3AUs...
#WolffBites: Once huge firms needed markets to raise money. Now "our" gov't hands out billions to a favored few. Wars and megacorps get our taxes now. We dont.
www.cnn.com/2026/05/21/b...
#WolffBites: Extremely unequal US distribution of wealth: richest 0.1% own 24.3% of total stocks and mutual funds. Rest of of richest 1 % own 25.9%. Rest of richest 10% own 37.2%. Bottom 90% of Americans own 12.6%, while bottom half of US owns 1.1%
www.federalreserve.gov/releases/z1/...
Amazing: did the committee not ask Gates exactly how Epstein would know of Gates' extramarital affairs?
ew.com/bill-gates-t...
#WolffBites: Since Trump's election in 2024, first the working class, now also small business face economic decline. Endless US wars plus tax cuts for big business are costing the rest of us.
www.bloomberg.com/news/article...
Bank CEO caught in a truth: AI useful, because it brings employers more profits as they replace "lower value human capital" [you and me] with "finance capital" [investors' money]. Bank CEO got scolded for his lapse so he apologized. Are we fooled?
www.bbc.com/news/article...
Professor Richard D. Wolff
Professor Richard D. Wolff
Professor Richard D. Wolff
#WolffBites: In this planet's era of anti-colonialism and amid the rise of the global south, Israel's attempt to expand its settler colonialism becomes ever more desperate as does its alliance with the declining US empire
Professor Richard D. Wolff
Professor Richard D. Wolff
Professor Richard D. Wolff
An index of US small business optimism fell in May to the lowest level since October 2024, erasing almost all of the gains seen since President Donald Trump was elected for a second term.
