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.

Critics of Capitalism Must Include Its Definition

This article originally appeared at Truthout.org

Economic Update: Austerity Resistance Rising

Opening updates focus on Seattle, Puerto Rico, Los Angeles, and Portugal. We then examine business domination of universities in service to profits and Republican efforts to undermine Democrats revenues from unions. We answer listeners' questions about business influence on govt policies and the question: "What is fascism?". Major topics treated in the program's second half are repression aimed at those resisting austerity and crisis of US higher education.

Global Capitalism: May 2015 Monthly Update

“As Capitalism’s Crisis Deepens, Thoughts of Socialism Return Again”

Economic Update: Profit-Driven Capitalism

In this edition of Economic Update, we look at Verizon's purchase of AOL, why Facebook's "contribution" to ending inequality falls so short, how latest $$ gift to Yale increases inequality, how UK elections reflect "scapegoat economics, and why deadly Mediterranean migrations reflect capitalism's globally uneven development. We also respond to listener questions on (1) Americans' attitudes toward income and wealth inequality by our analysis of recent Gallup Polls and (2) whether student debts can lead to reduced Social Security benefits and what that means.

Austerity and Neoliberalism in Greece

Development, Thought and Policy Lecture Series: Austerity and Neoliberalism in Greece, sponsored by the Julien J. Studley Graduate Program in International Affairs, at the Milano School for International Affairs, Management, and Urban Policy.  Professors Richard Wolff and Barry Herman share their insights.

The Future of Jobs and Wages: A Conversation with Economist Richard Wolff

WTO, TPP, NAFTA, CAFTA, and a host of trade agreements are causing America to hemorrhage jobs and the resultant downward pressure on wages. Add the productivity gains realized from automation and technology and the future of jobs in America looks pretty bleak. The government is cutting back on social programs and privatized welfare systems dependent upon the whims of the wealthy didn’t work for Louis the XVI or any other aristocracy throughout history. How will American workers support their families and keep our economy vibrant? There is a way but it will take courage.

Economic Update: Children, Capitalism, Family Values?

Updates on Alberta election, Kansas closes schools early, Gallup polls on unequal US wealth and on average work weeks over 40 hours, Uber and markets, ignorance about USSR economy. Response to listeners on public subsidies to private profits. Interview with Dr. Harriet Fraad on children and families in US capitalism.

Prof. Wolff on The David Pakman Show: Uber: Innovator or Business Destroyer?

 Prof. Wolff joins David Pakman to discuss ride sharing services like Uber and Lyft and the impact they have on local economies and regulated taxi services.

Economic Update: Capitalism's Other Side

Updates on May Day holiday, Baltimore uprising, Nepal earthquake/poverty, Varoufakis vs repression, and Bud Light pushing beer by endangering women. Response to listener’s questions on varieties of coops. Interview with Prof. Yahya Madra on Turkey, Capitalism, and Islam.

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