The Economic Crisis

Articles about the recession and financial crisis that began in late 2007.

Capitalism Hits the Fan Movie

Watch as Professor Richard Wolff breaks down the root causes of today's economic crisis, showing how it was decades in the making and in fact reflects seismic failures within the structures of American-style capitalism itself. Wolff traces the source of the economic crisis to the 1970s, when wages began to stagnate and American workers were forced into a dysfunctional spiral of borrowing and debt that ultimately exploded in the mortgage meltdown.

Why No Sustained Protests (Yet)?

This article originally appeared at www.truth-out.org

The organized post-1945 destruction of the New Deal coalition - unionists, socialists and communists - and the failure to replace those organizations help explain the muted reaction to the bailouts, austerity and other anti-democratic policies pursued by US governments at all levels.

May Day 2912 protests in Chicago. (Photo: get directly down / flickr)

Economic Update: Bankers and Presidents

Please click on the link to stream or download the radio show:  www.truth-out.org 

Updates on O'Reilly vs de Blasio, Greek bonds, millions for Detroit's athletes, and who pays federal taxes. Interview with Nomi Prins, ex-Goldman Sachs banker, on new book All the Presidents' Bankers.Response to listener on where and why Congress refuses to act (taxing rich, helping poor, reducing inequality, etc.) despite US poll results showing big majorities supporting those actions.

THE PROGRESSIVE INTERVIEW

Richard WolffRichardRichard Wolff has emerged as one of the most prominent progressive economists in America. He appears on Free Speech TV, Link TV, and Pacifica Radio, and has been a repeat guest on Bill Moyers’s program, as well as appearing on Charlie Rose’s show. His books include Capitalism 

Richard Wolff has emerged as one of the most prominent progressive economists in America. He appears on Free Speech TV, Link TV, and Pacifica Radio, and has been a repeat guest on Bill Moyers’s program, as well as appearing on Charlie Rose’s show.

Economic Update: Building Worker Coops

Please click on the link to stream or download the show:  www.truth-out.org   Updates on Supreme Court McCutcheon decision on campaign financing, global meaning of French municipal elections, special impacts on women of raising minimum wages, and corporations' cash hoards cause unemployment and cut government services. Interview with Vanessa Bransburg who supports and builds successful worker coops in Brooklyn, New York. Response to listener on scarcity and its economic effects.

Economic Update: Economic Extremes

Please click on this link to stream or download this week's broadcast:  www.truth-out.org

Economic Update: The System in Question

Please click on this link to stream or download this week’s show: Truth-out.org

The EU Is 1 Big Scam & The Ukraine Is It's Next Victim...

Professor Wolff joins Thom Hartmann. Joining the European Union has been a disaster for countries like Greece – Spain – and Ireland. Austerity cuts have decimated their already struggling economies. So why is Ukraine even THINKING of moving closer to joining the EU?

Economic Update: Criticisms of Capitalism

Please click on this link to stream or download this week's program: Truthout.org

Updates on the General Motors recall scandal; corporations' push for secret courts; the economics of marijuana; Radio Shack closings; and US workers leaving the labor force. Major discussions of the history and basics of the criticism of capitalism, and billionaires and extreme inequality as products of capitalism.

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