Daily Archives: September 23, 2010

Wolff on NPR’s All Things Considered

Rick Wolff

Rick Wolff, UMass Amherst economics professor emeritus, discusses socialism on NPR’s All Things Considered.  Wolff explains that socialism has changed significantly in the last 50 years.  Socialists now believe that the government shouldn’t own everything and they advocate for employee-owned businesses that would function as a cooperative.  “Groups of workers make the decisions: what to produce, how to produce, where to produce, and what to do with the profits that are generated.”  Listen to the audio…

Is The U.S. Moving Toward Socialism? A Socialist Weighs In

The upcoming elections will be decided in large part based on what voters think about economics.  So Planet Money is looking into the economic thinking behind much of today’s politics.

We’re going to start today with socialism.

Now, with the notable exception of Vermont Senator Bernie Sanders, no major figure in American political life identifies as socialist. Certainly no serious contender for national office this November does.

But socialism has become a large part of the discussion, with many conservative activists arguing that the nation may be “on the road toward a more socialist agenda,” as Sarah Palin said this summer.

There is no evidence that President Obama or any leading Democrat is an avowed socialist.  But we did think it would be worth digging a bit deeper into socialism and finding out what a socialist government in the U.S. might look like.

Right now, the governments of Spain, Portugal, Greece, are headed by socialists.  In the recent past, the UK, France, Canada have all been led by socialists.  Most countries have an active socialist party; socialism is just one more mainstream way of thinking — on talk shows, on political debates, in the papers.

I talked to Richard Wolff, a real life American socialist — a Marxist Socialist, even — who is professor emeritus of economics at University of Massachusetts.

He says that in the 1950s, the U.S. banned socialism from polite discourse.

“That meant we have now about two generations worth of people who never really engaged that topic,” he says. “It produces both an inability to understand what socialism [and] a gut level rejection and hostility to it.”

And, he says, it produces ignorance of what socialists think these days.  Most Americans, he says, think that socialism died alongside the Soviet Union and the shift towards capitalism in China.

“They don’t know that, of course, the experience of Russia and China has also affected socialists,” Wolff says. “Over the past 50 years, socialism has changed, dramatically, in every way.”

For example, he says, socialists now say the government shouldn’t own everything. You can own your house, your car, even your own business.

But, he says, socialism is not capitalism.

Take how companies work. In capitalism, large companies are typically owned by shareholders, directed by a board, and run by a small number of managers.

Most workers simply work in exchange for a paycheck.  Under socialism, many companies would be owned by the workers and would function as a cooperative.

“Groups of workers make the decisions: what to produce, how to produce, where to produce, and what to do with the profits that are generated,” Wolff says.

The Democrats’ health-care reform and stimulus spending came nowhere near the socialist vision, Wolff says.

A truly socialist government would instantly provide free health care to everyone and government jobs programs to employ every single out of work American — along with a host of other government programs that, these days, it’s hard to imagine the U.S. government being able to afford.

Strangely (or, maybe, not so strangely) Wolff says he loves it every time he hears the word socialism in the media, even if it’s out of the mouth of an angry and possibly poorly informed critic.

He says that for the first time in a long time, socialism is — sort of — back in the public discourse.

For more: See Wolff’s web site.

Wicks-Lim: We Need a (Green) Jobs Program

Jeanette Wicks-Lim

Jeannette Wicks-Lim ’05 PhD, Political Economy Research Institute, writes a column about the need for a green jobs program to provide employment and to counter pollution and reliance on fossil fuels. (Dollars & Sense, Sept./Oct. issue)

We Need a (Green) Jobs Program
Clean-energy investment would promote job growth for a wide swath of the U.S. workforce.
By Jeannette Wicks-Lim

Fourteen months of an unemployment rate at or near 10% clearly calls for the federal government to take a lead role in job creation. The White House should push its clean-energy agenda as a jobs program but steer clear of all the hype about “green-collar” jobs. Green-collar jobs are widely perceived as job opportunities accessible only to an elite segment of the U.S. workforce—those with advanced degrees, such as environmental engineers, lab technicians, and research scientists. Such jobs are inaccessible to the 52% of unemployed workers with no college experience. The truth is, however, that clean-energy investments could serve as a powerful engine for job growth for a wide swath of the U.S. workforce.

My colleagues at the Political Economy Research Institute and I examined a clean-energy program that includes making buildings more energy efficient, expanding and improving mass transit, updating the national electric grid, and developing each of three types of renewable energy sources: wind, solar, and biomass fuels. Here’s what we found.  Read more…