The Economic Crisis

Articles about the recession and financial crisis that began in late 2007.

Economic Update: Learning from Economic Defeats

Continuing our new format experiment: two in-depth analyses. In the show's first half: The New Deal was both a victory and a defeat. Both offer crucial lessons for today. In the show's second half, a critical review of labor's short and long-run goals, labor's defensive decline, and a new strategy built on lessons of that decline.

Prof. Wolff on Roots of Greek Crisis, Debt Relief & Rise of Anti-Capitalism in Europe on Democracy Now!

Prof.Wolff joins Amy Goodman of Democracy Now! to discuss the latest on the economic and political situation in Greece and the rise of anti-capitalism in Europe

TRANSCRIPTS:

AMY GOODMAN: Richard Wolff, Germany clearly is controlling this situation, of any country. Why do they want to crush Greece? Or do they?

Prof. Wolff Discusses Resignation of Greek Finance Minister Varoufakis on CPR

Prof. Wolff discusses the latest Greek events including the recent referendum and the resignation of Finance Minister Varoufakis on Community Public Radio.

Economic Update: Class and Socialism

We begin our 3-week experiment with a new format: two in-depth analyses, one in each half of the show. We begin by considering the different meanings  of class, class analysis and class struggle across human history and why those differences matter so much now. Today's second half explores how socialism evolved from a basic alternative to capitalism into a state capitalism not so different from private capitalism.

Greece Needs Our Solidarity in Its Struggle Against Austerity

This article originally appeared at Truthout.org

Not for many years has the issue been posed as clearly as it will be on July 5 in Greece's referendum: European capitalists, the political leaders whom the capitalists' money controls, and the austerity they together impose will be judged by the people most savaged by that austerity.

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.

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