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.

RT America Interview: Sweden Said Good Riddance to Austerity - When Will America?

Professor Wolff joins host of RT America Thom Hartmann. Sweden has said good riddance to austerity. On Sunday - the country's voters chose a group of left-wing and center-left parties -led by the Social Democrat party - to head a new government. In total - left wing parties won 43.7 percent of the vote and 159 seats in parliament. When all is said and done and the Social Democrats have formed a government - it will mark the end of Sweden's short-lived experiment with austerity.

Socialism and Workers' Self-Directed Enterprises

This article originally appeared in The Monthly Review.

Global capitalism has huge problems coping with the second worst collapse in its history. Its extreme and deepening inequalities have provoked millions to question and challenge capitalism. Yet socialists of all sorts now find it more difficult than ever to make effective criticisms and offer alternatives that inspire.

Economic Update: "Corporations are the Problem"

Updates on Market Basket workers' victory, top paid asset managers, FED report debunks "recovery," Chipotle's gross inequality, Montreal corruption, and Russia/China economic alliance. Major discussion: Part 2 on socialism's new directions. Response to listeners on franchising, capitalist growth, advertising and consumer desires.

Global Capitalism: September 2014 Monthly Update

Democracy at Work is partnering with the Left Forum and Judson Memorial Church to continue the Monthly Economic Update lecture series.

Economic Update: Big Changes Coming

Updates on food insecurity, oil disaster economics, politicos go to Wall Street, billionaires buy homes, education In UK and US sustains elites. Major discussions of (1) employers' movement for a 4-day workweek, and (2) history of socialism vs capitalism (part 1 with part 2 next week) which was also response to many listeners' questions.

Economic Update: Corporate Economics

Updates on Burger King, French socialism, cell phone overcharging, Bank of America's fine. Major topics: advertising industry and once more on no recovery. Responses on Michigan teachers union fight, poor still kept out of US top colleges, corporate stock buybacks.

Professor Richard Wolff joins RT TV's Thom Hartmann for Conversations with Great Minds.

Professor Richard Wolff joins RT TV's Thom Hartmann for Conversations with Great Minds.

Economic Update: "From Ferguson to Retirement Crisis"

Updates on govt. housing for Johnny Cash, inequality and growth, economic lessons from Ferguson. Interview on Retirement Crisis in US with Prof. James Russell. Responses to questions: (1) how government subsidizes Walmart (with Food Stamps plus….), and (2) economics of advertising.

Economic Update: "Economics of Markets and Immigration"

Updates on drop in most American households' wealth, 2003-2013, social security finances more about wages than aging. Major discussions on (1) critical economics of markets, (2) political economy of immigration, and (3) capitalism's two great contradictions. Response to listeners on worker coop incubators and fund-raising by the Clintons.

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