The Economic Crisis
Articles about the recession and financial crisis that began in late 2007.
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.
Updates on Swedish plan for peaceful transition beyond capitalism, ripoffs in car insurance, Ferguson, MO credit downgrade. Response to listeners on the CA drought and on best solution for corporate abuses like VW's. Major discussions of (1) what class means and what is at stake in different meanings, and (2) guaranteed income vs guaranteed jobs.
Prof. Wolff discusses discusses why labor force participation is the lowest since 1977 and what's really needed to stimulate the economy.
Prof. Wolff on Tell Somebody, a weekly public affairs program on KKFI-FM 90.1, Kansas City community radio.
Professor Wolff sat down for a conversation with Tell Somebody.
Click here to listen to audio of Prof.
Updates on new Detroit book, Mayor's austerity policy in Chicago, homeless school children, soaring medical insurance deductibles. Responses to listeners on VW scandal and Pope's statements on economics. Interview with Prof. Ian Seda-Irizarry on current crisis in Puerto Rico.
Updates on GM settlement, Census Bureau proves no recovery for 90%, GE moves jobs overseas; responses to listeners on FED agonies over interest rates and how capitalism mishandles unemployment. Major discussion of WSDEs and capitalist corporations.
Global Capitalism: September 2015 Monthly Economic Update Market Chaos and Capitalism’s Instability Judson Memorial Church Assembly Hall 239 Thompson Street at Washington Square, Manhattan Co-sponsored by Democracy at Work, Left Forum, and Judson Memorial Church
These programs begin with 30 minutes of short updates on important economic events of the last month. Then Wolff analyzes several major economic issues. For this September, these will include: