Does Capitalism Actually Reduce Poverty? (with Richard Wolff)

Professor Richard Wolff of the New School joins us to answer this question. You’ve probably heard that “capitalism has reduced global poverty by 90 percent.” It’s a line frequently parroted by capitalism’s most enthusiastic promoters. But there’s a problem with those claims: they’re either misleading or outright false. Wolff breaks it down.

Join us, and make our work possible: https://www.patreon.com/gravelinstitute​
Institute Merch: https://gravelinstitute.org/merch​

CITATIONS: https://bit.ly/2JVp9ge​ 

Follow Democracy at Work: https://www.democracyatwork.info/​
Democracy at Work Twitter: https://twitter.com/democracyatwrk​

Follow the Institute!
Twitter: https://twitter.com/GravelInstitute​
Instagram: https://www.instagram.com/GravelInstitute​
Facebook: https://www.facebook.com/GravelInstitute​

Thank you to Richard Wolff and his organization Democracy at Work for helping to make this video possible!