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How 1% and 99% Experience Capitalist Crises Differently (Podcast)

  Around facts of unemployment, people living alone, children and the elderly, we discuss how differently the 1% and the 99% experience capitalism’s crisis. The 1% and their government have ignored widespread suffering and social costs that react back upon capitalism negatively. Yet massive government support goes mostly to the top banks and other corporations that threaten that they are “too big to fail.” Capitalism has proven to be an unjust, inefficient, and self-destructive system.

Economic Update on WBAI Apr 14th, 2012

Updates on huge fines for major pharmaceutical firms, long-standing huge wealth redistribution from richer to poorer states by Washington, and crisis in public higher education funding. Major interview with Dr Harriet Fraad regarding profound psychological costs of capitalism's instability.

Occupying Our Future: Solutions to Capitalist Crisis

Richard Wolff offers a compelling new manifesto for a democratic alternative to capitalism based on workers direction their own workplaces. The solution requires the institution of genuine economic democracy as the basis for a genuine political democracy. The event took place at Columbia College Chicago on March 27th, 2012.

Deficits, Debts and Demagogues

Government budget deficits and the national debt are occasions more for demagogues to preach than for serious analysis. The usual suspects, conservatives and liberals, are gearing up for the election. Each side uses the large federal budget deficits and fast-accumulating national debt to beat its tired ideological drums. Conservatives insist that deficits and debts require huge cuts in government jobs and job benefits (especially pensions) and in social programs (especially Medicare and Medicaid).

Economic Update on WBAI Apr 7th, 2012

Updates on April 6 US govt report of sharply reduced hiring, national protest against mass transit cutbacks, Dallas Fed admits failure and nationalization of major US banks, high European unemployment, and North Dakota's 100-year support for a public bank and a public grain storage and mill company. Major analysis criticizes claims that government budget deficits and debts are caused by workers' pensions, Medicaid and Medicare costs; actual causes shown to be the post-2007 crisis and deep cuts in taxes on corporations and the richest individuals.

Capitalism in US Runs Dry - RT's Interview

There is no way the US can solve its tremendous financial problems within the settled economic system. America must go beyond capitalism, argues Richard Wolff, an economics professor at New School University, in an exclusive interview with RT.

 

RT: Where do you think the US economy is right now?

Richard Wolff: The crisis that was bad in the US, then became bad somewhere else (in Europe), is heading back to America to give us as many problems now as we see the Europeans having, but we will have them a little bit later.

 

The Peter Collins Show hosts Richard Wolff on the Economic Crisis

Richard Wolff is respected for his critical thinking and ability to explain economics to the rest of us. Peter Collins and Richard Wolff  talk about the origins of our current problems, the political blame game, and how Americans bypass the true culprits. They talk about Apple’s $100 billion cash stash, most of which is stashed offshore awaiting tax breaks that won’t produce jobs as they claim. Richard Wolff responds to Romney’s claims that regulations stifle business and job growth, and offers interesting comments about Columbia Prof.

Democracy at Work

  Democracy at Work is a social movement building project that took shape in 2010.

Democracy at Work: A Cure for Capitalism

  Democracy at Work is a social movement building project that took shape in 2010.

Economic Update on WBAI Mar 31st, 2012

Updates discussed pay for Ford's CEO Alan Mulally compared to Ford hourly wages as low as $15; US Treasury's ongoing subsidies to 350 banks; Brazilian President criticizes US monetary policy; and why mass transit is best response to high gas prices. Major analyses of (1) "market solutions" versus other ways of dealing with situations where supplies are less than demand such as college courses, food, and housing, and (2) the extreme austerity policies of Greece and Spain arriving here in the Republican's proposed budget plan.

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