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.

Prof.Wolff on Clearing the Fog: "Building Power for Worker Rights"

Prof. Wolff joins Margaret Flowers and Kevin Zeese on Clearing The Fog to discuss the current situation for workers and how they are building power to lift up wages and worker rights. 

Economic Update: Poverty and the US Economy

On this week's episode of Economic Update, Prof. Wolff provides updates on slow US economy, money drives Yale, Chobani workers get profits, more car corps scandal, and Christian/Marxist dialogue. Interview with anti-poverty activist Rob Robinson.

The David Pakman Show: "Economist Richard Wolff on the Panama Papers

Prof. Wolff joins David Pakman to discuss the implications of the Panama Papers leak.

How Capitalism and Racism Support Each Other

This article originally appeared at Truthout.org

Capitalism's supporters use and benefit from a racism whose practice and consequences should be blamed on capitalism itself.

Prof. Wolff Lecture on Worker Coops: Theory and Practice of 21st Century Socialism

Prof. Wolff speaks to The Levy Economics Institute. Sponsored by: Economics Club; Economics Program; Hannah Arendt Center; Levy Economics Institute.

Economic Update: Gentrification: The Market Rules

On this week's episode of Economic Update, Prof. Wolff provides updates on pay of CEO's that fight $15/ he for workers, workers who get public assistance, facts on taxes paid and evaded, Mitsubishi like VW. Major discussion on economics of gentrification.

Prof. Wolff on Smart Talk with Andrew Mazzone

Prof. Wolff analyzes the economy of the US from a Marxist perspective.  Capitalism yields an unequal distribution of wealth, creating unsold products, resultant from production power exceeding the purchasing power of the bulk of society. Credit is then created to fill the gap until the credit cannot be repaid. The system collapses, and the elite cause the victims of the collapse to be taxed en masse, to reset the system for another round.

Economic Update: Prisons and Sugar Babies

On this week's episode of Economic Update, Prof. Wolff provides updates on IMF, Panama Papers and tax evasion, workers fighting back. Major discussions of economics of prisons and sugar babies and of how worker coops might have changed the USSR and China.

Global Capitalism: April 2016 Monthly Economic Update

The Varieties of Socialism: An Economic Analysis

Co-sponsored by Democracy at Work, Left Forum, and Judson Memorial Church

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