“Capitalism and its Discontents”: An Interview with Richard Wolff in Sun Magazine

I recently resubscribed to Sun after declining to renew my subscription to the Nation after an underwhelming year of magazines. I’m feeling good about that decision.:

“According to the Organisation for Economic Co-operation and Development (oecd), Americans do more hours of paid labor per year than workers in any other advanced country. That is because, if you don’t earn more per hour, the only way to deliver a better life to your family is by doing more hours of work. So Americans have been pushing themselves, taking second jobs or working full time if they had worked only part time before. We have elderly people coming out of retirement to help their grown children. Teenagers are working on weekends to help pay bills. Americans have committed to an incredible number of work hours per household to try to achieve a rising standard of living. Let’s remember that we are constantly bombarded by advertising telling us that, to be a success, we need a better house, a better car, a better vacation, and a college education for our children. To be financially successful today, most of us have to work crazy hours.

And of course the other thing the American working class has done since the 1970s to keep their consumption rising is take on debt. When your wages don’t go up, and adding a few hours a week isn’t enough, you buy on credit.”

The whole interview is here.

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