Of course, socialism and Marxism are multi-faceted, complicated concepts and theories, and there are many different interpretations of what socialist thinkers like Marx believed. Not to do it is to exclude yourself from the critical tradition.” Like his personal appearances in the media and his lectures, this new text makes a valuable contribution to critiquing capitalism and enlightening readers with the socialist alternative.Īs Wolff has said: “If you want to understand an economy, not only from the point of view of people who love it, but also from the point of view of people who are critical and think we can do better, then you need to study Marxian economics as part of any serious attempt to understand what’s going on.
To supply this growing demand, Wolff has self-published a 100-page text that’s somewhere between being a book and a pamphlet entitled Understanding Marxism.
So there is a growing appetite and hunger for an anti-capitalist analysis to explain what’s happening and for solutions. “I’ve got to pinch myself I’m having the time of my life,” a surprised Wolff said about suddenly being thrust into prime time.Īs the Visiting Professor in the Graduate Program in International Affairs of the New School University, New York City observed, “It’s not me it’s the message, which has remained the same.” Indeed, last August at the Left Coast Forum I moderated a panel to commemorate the 200th anniversary of Karl Marx’s birth, and much to my astonishment a standing room only crowd attended the “What is Marxism?” discussion that went into overtime at L.A. With appearances on TV shows including Bill Moyers’s and Charlie Rose’s programs, “Economic Update” (heard in Los Angeles on Pacifica KPFK) radio broadcasts and packed live speaking engagements, the financial disaster made Prof. This included revived interest in socialism, one of those results being the propelling of an obscure leftwing academic into history’s headlights. The 2008 crisis of capitalism sparked and regenerated interest in alternatives to the capitalist system, which was on the verge of collapsing. A cartoon Karl Marx, as depicted on the cover of Richard Wolff’s new book, “Understanding Marxism.”
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