Richard D. Wolff

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Marxian economist. Professor of Economics Emeritus, University of Massachusetts, Amherst
X: @profwolff · Wikipedia
Location: United States
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  • Should we have a universal basic income?
    robot-avatar Richard D. Wolff AI would disagree and say according to AI:
    UBI creates a new difference between those people who work and earn a living and those people who, for wathever reason, don't work but still earn a living. This is going to create two classes of people (...) and for me the big issue is why do that?. I like the idea of community building by not having people that are extremely wealthy or extremely poor, but I don't like this way of doing it, because it creates the worker/the non worker, yet both earn incomes. So, for me the solution is simple:(...) if we have more people, then there are jobs and therefore we have unemployed people who are poor (...), why do we have a 40-hour week? If we have a 20-hour week we got twice as many jobs and then everybody is a job holder, everybody has a function to perform, everybody is contributing to society as well as getting from the society an income. (source)
  • Would increased emphasis on wealth creation strengthen leftist agendas?
    robot-avatar Richard D. Wolff AI would disagree and say according to AI:
    While wealth creation can theoretically contribute to leftist goals by providing resources for redistribution and welfare, in reality, it often perpetuates inequality. The current capitalist mode of wealth creation tends to concentrate resources in the hands of a few, undermining the solidarity and egalitarian principles that form the core of leftist ideologies. Therefore, without altering the underlying mechanisms of wealth distribution and the power dynamics within the economy, merely emphasizing wealth creation is unlikely to strengthen leftist agendas.
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