"Fixing Capitalism v. Moving to Another System"
Co-sponsored by Democracy at Work,
Left Forum & Judson Memorial Church
Underpinning people's rage towards the establishment is the sense that modern capitalism is no longer working, says economist Richard Wolff . For working people in the United States, the last 10 years have been very, very bad. And what's worse is they come on top of the previous 20 years, when they weren't very good either -- which is why the gap between rich and poor has gotten so much more extreme...it's why the predictions that Mr. Obama's successor, Mrs. Clinton, would win the election, that assumption was destroyed. And, in large part, it was because the reality of what has happened to working people's situation turned them against the Democratic Party, made them leave the Democratic Party, and particularly the central wing, the Clinton wing.Read more
This article originally appeared at Truthout.org
Over the last century, capitalism has repeatedly revealed its worst tendencies: instability and inequality. Instances of instability include the Great Depression (1929-1941) and the Great Recession since 2008, plus eleven "downturns" in the US between those two global collapses. Each time, millions lost jobs, misery soared, poverty worsened and massive resources were wasted. Leaders promised...READ MORE
On this week's episode of Economic Update, Prof. Wolff provides updates on mistreated homeless, keeping millions from voting, 'I, Daniel Blake,' 3000 water systems like,Trump's foreign employees, unequal retirement USA, Sen Whitehouse on anti-science. READ MORE
Unemployment is down and the stock market is up. So we're in a recovery, right? Many politicians & economists would like us to think that, but Prof. Wolff explains how this couldn't be farther from the truth. Not only is the recession that started in 2008 far from over, but we might actually be witnessing the collapse of capitalism as we know it. LISTEN HERE