When workers make the decisions, you stop outsourcing jobs, you stop the wealth gap, you stop inequality. - Richard D. Wolff
" "When workers make the decisions, you stop outsourcing jobs, you stop the wealth gap, you stop inequality.
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About Richard D. Wolff
Richard David Wolff (born April 1, 1942) is an American , known for his work on and . He is Professor Emeritus of Economics at the , and currently a Visiting Professor in the Graduate Program in International Affairs of the in New York. Wolff has also taught economics at Yale University, , , University of Paris I (Sorbonne), and The Brecht Forum in New York City. Not be confused with Richard Wolffe
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Alternative Names:
Richard David Wolff
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Richard Wolff
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Economic Update
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democracyatwork.info
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Democracy at Work
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rdwolff.com
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Additional quotes by Richard D. Wolff
Let me give you an example: simply the People's Republic of China. They're having a bad year, they're only growing...ready? 6.5%. Which is lower than what they've been able to do for most of the last 15 or 20 years. The Chinese economy has become the second most important in the world because they systematically grow, you got it, faster than the United States. The real wages of Chinese workers, the average amount of money they get adjusted for inflation, has quadrupled in the last 12, 15 years. What happened to the average wage in America, adjusted for inflation? It hardly budged. It went up single digits, not 3-4 times. The experience of the economies in these two countries could not be more different. Excluding that from the conversation - prancing around as if the economy here is the envy of the world - that's not just nonsense. That's straight out lying; and it is meant to position himself as the special person.
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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.
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