Richard D. Wolff: Making

Richard D. Wolff is American economist. Explore interesting quotes on making.

Richard D. Wolff: 36 quotes1 like

“When workers make the decisions, you stop outsourcing jobs, you stop the wealth gap, you stop inequality.”

Global Capitalism Monthly Update (12 March 2014)

“A corporation has a tiny minority of people at the top, executives and the board of directors, who make all the decisions. Workers are forced to live with their decisions, yet have no voice in such decisions. I say it is time to bring democracy to the workplace.”

Richard D. Wolff

Global Capitalism Monthly Update (12 March 2014)

“A worker-coop based economy—where workers democratically run enterprises, deciding what, how and where to produce, and what to do with any profits—could, and likely would, put social needs and goals (like proper preparation for pandemics) ahead of profits. Workers are the majority in all capitalist societies; their interests are those of the majority. Employers are always a small minority; theirs are the "special interests" of that minority. Capitalism gives that minority the position, profits and power to determine how the society as a whole lives or dies. That's why all employees now wonder and worry about how long our jobs, incomes, homes and bank accounts will last—if we still have them. A minority (employers) decides all those questions and excludes the majority (employees) from making those decisions, even though that majority must live with their results. Of course, the top priority now is to put public health and safety first. To that end, employees across the country are now thinking about refusing to obey orders to work in unsafe job conditions. U.S. capitalism has thus placed a general strike on today's social agenda. A close second priority is to learn from capitalism's failure in the face of the pandemic. We must not suffer such a dangerous and unnecessary social breakdown again. Thus system change is now also moving onto today's social agenda.”

Richard D. Wolff

COVID-19 and the Failures of Capitalism (2020)

“A country that promises it is committed to democracy has never faced the fact that in the enterprise we don’t have democracy. We have a tiny group of people making all the decisions. And that’s not a good idea. And maybe now we can face that the decisions they’ve made, individually and collectively, have plunged us into a situation where we cannot afford the luxury of not facing basic questions about how our economy is organized. We should have done it for the last 50 years. Maybe this new generation of young people coming into the Congress will begin that conversation and, hopefully, bring us along into a national debate on these subjects, which is long overdue.”

Richard D. Wolff

We Need a More Humane Economic System—Not One That Only Benefits the Rich (December 26, 2018)

“Well, you know, the irony is, it’s one of the bizarre ways an economy works. There was no incentive to take all that money and go in and produce things that might have driven up prices and so on, because the people in America can’t afford to buy it. Our wages have been stagnant. The debts have been so big that people are afraid to borrow the way they once did, even though they still do, but not at the growing scale as before. So, all that extra money kind of went into the stock market to make itself make quick money by buying shares, hoping that they would go up. And if all the rich people who get it into their hands do that kind of thing, you see the stock market go up, but the underlying economy doesn’t go anywhere. And again, after a while, that’s not a sustainable arrangement.”

Richard D. Wolff

On why hasn’t inflation increased dramatically in the U.S despite the Federal Reserve kept interest rates low.
We Need a More Humane Economic System—Not One That Only Benefits the Rich (December 26, 2018)

“Workers must control the workplace: If workers made the decisions, do you really think they would vote to outsource their own jobs to China? Of course not. Would workers vote to pollute their own air and water and poison their own kids just to make an extra nickel in profit? Of course not.”

Richard D. Wolff

Global Capitalism Monthly Update (12 March 2014)