A RECENT POLL revealed that, despite a concerted effort by corporate America to discredit it, young Americans have a far more favourable view of socialism than capitalism.

Though he died 133 years ago, the analysis put forward by one of the world’s most influential thinkers, Karl Marx, remains extremely relevant today.

Why has Marx and Marxism passed the test of time? In this new episode of The Empire Files, Abby Martin talks with renowned Marxist economist Richard Wolff, Professor Emeritus of Economics at the University of Massachusetts and visiting professor at the New School in New York. His books include Capitalism Hits the Fan, Occupy the Economy and Democracy at Work.

Rick Wolff explains some of the central tenets of Marxism including dialectical and historical materialism, surplus value, crises of overproduction and capitalism's internal contradictions.


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