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: "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.

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.

Global Capitalism: August 2014 Monthly Update

The lecture begins with brief updates and analyses of major economic events over the last month.  For August these include: -inequality and the fading "American Dream" -bubbles in sub-prime car loans and student debt -workers begin pushing back -internal economic tensions of Republicans and Democrats

"Economics of Republicans and Democrats"

 Updates on Pentagon's overpayments, mortgages tilt toward the rich, sub-prime car loan bubble, silence about intangible property tax. Major discussions: the economic organizations of Republican and Democratic Parties and more on socialism and Marx. Response to listeners on (1) clawing back public benefits to private corporations, and (2) using public assets to cover state budget deficits.

Telesur interviews Professor Wolff about US Federal Reserve and Greenspan rule

TeleSur interviews Professor Wolff about the US Federal Reserve and the years under Greeenspan.

Telesur interviews Professor Wolff about US Federal Reserve and Greenspan rule

TeleSur interviews Professor Wolff about the US Federal Reserve and the years under Greeenspan.

Economic Update: Psychology and Economic Decline

Updates on fast food workers, GDP data, Salt Lake City dailies, bathroom breaks. Interview with Dr Harriet Fraad, mental health counselor. Replies on FDR vs Obama and on how to counter corporate threats.

Economic Update: Psychology and Economic Decline

Updates on fast food workers, GDP data, Salt Lake City dailies, bathroom breaks. Interview with Dr Harriet Fraad, mental health counselor. Replies on FDR vs Obama and on how to counter corporate threats.

Economic Update: "Private Profit vs Social Benefit"

Updates on my Bill Maher appearance, the Arizona execution, direct actions in Seattle and in New England (market basket stores), Derek Jeter tickets, and Chinese meat scandal. Major discussions of Obama's low polls, the changing meaning of socialism, and differences between private profit and social well-being. Response to listeners on auto and beef industries, credit unions, and bullies.

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