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.

Economic Update: Pope Questions Capitalism

Our updates start with victory of alumna, faculty and students over autocratic board of Sweet Briar College in Virginia, then discuss the uniquely awful US record on paid leave for workers and an interesting move by cities (Santa Cruz, CA as example) to disconnect from corrupt big banks. We have fun with why US govt leaving Waldorf Astoria hotel in New York and we celebrate rising UK movement against austerity. Second half of show interviews veteran reporter Bob Hennelly on the Pope's statement about ecology, environment, and a failing economic system. 

Socialism Means Abolishing the Distinction Between Bosses and Employees

This article originally appeared at Truthout.org

Regulated private capitalism. State capitalism. Socialism. These three systems are entirely different from each other. We need to understand the differences between them to move beyond today's dysfunctional economies. With confidence waning in whether modern private capitalism can truly be fixed, the debate shifts to a choice between two systemic alternatives that we must learn to keep straight: state capitalism and socialism.

Prof. Wolff Discusses Greece Negotiations on RT International

Richard Wolff Discusses Greece Negotiations on RT International

Economic Update: Fighting Economic Injustice

We open with Goldman Sachs injustice and move on to the ‘independent contractor’ ploy just busted at FedEx and Uber and then Wisconsin governor’s attack on public university to lower taxes on corps and rich. We interview Prof Kristin Ross on (her new book) on the significance of the Paris Commune where workers fough injustice by reorganizing society dramatically and effectively.

Why Obama’s Trade Deal May Come Back From the Dead | Interview with Richard Wolff

Tyrel Ventura and Tabetha Wallace from Watching the Hawks interview Professor Richard Wolff about the House vote to reject the Trans Pacific Partnership and where this massive trade deal will go from here.

Can We Do It Ourselves? The Potential for Workplace Democracy

A film by Patrik Witkowsky, Jesper Lundgren, André Nyström and Nils Säfström. Distributed in cooperation with Fria Tidningar Media Cooperative.

This is a solid, thought provoking documentary covering a relevant economic topic in-depth. The question of capitalism’s grip on the modern world is highly relevant today and the film questions if we should be pushing for a democratic cooperative way of doing business, showing case studies of businesses who are surviving as democracies within a capitalist system.

Global Capitalism: June 2015 Monthly Update

“Capitalism’s Crisis Changes Politics: Seattle to Barcelona to Athens"

Economic Update: Higher Education in Crisis

Updates analyze unemployment numbers to show what they hide as well as reveal. Responses to listeners' questions expose the economics of lotteries and why the largest US corporations have recently used their profits to buy back their shares in the stock markets. An in-depth interview of Prof. Sohnya Sayres explores the end of free college and universities in the US, the rise of administrators dominating students and faculty, and what these trends have meant for the quality of higher education in the US.

Economic Update: Change: Sawant in Seattle

Updates offer latest on Greece's struggles with Europe, a critique of Buffett on rich vs poor and a hard look at $400 million gift to Harvard from billionaire Paulson. Responses to listeners on new Mayor of Barcelona and TPP. A detailed interview with socialist Kshama Sawant and her seat on Seattle's city council.

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