Professor Richard Wolff details the problems of capitalism and urges our recognizing its obsolescence and replacing it with institutions that truly serve the people. Talk at Church of All Souls in New York City, January 24, 2012. Camera, audio: Joe Friendly

Richard Wolff addresses Occupy Marin on January 7th, 2012 and discusses ideas such as imagining a democratic alternative to police evictions of Occupy encampments across America's cities and towns. What if the decision to evict or not had been made by referendum? Voters could have determined whether to continue the long overdue public debates over inequality, injustice and capitalism that were launched and sustained above all by the Occupy encampments.

Basic prospects for the US economy in 2012 opened this month's update. Most attention focused on analyzing the two main problems now shaking European capitalism: (1) the financial and social costs and implications of European governments' debts and austerity programs aimed to alleviate those debts, and (2) conflicts over Greece's debts and default scenarios. Emphasis was placed on the impact of Europe's crises on the US economy in 2012.

While the world still reels from the 2008 financial meltdown, the top 1% are doing just fine. But what about the rest of us? Economist Rick Wolff lays out how we got into the financial mess, where we are now and where we might go to create a more just and egalitarian economy.

The chief focus of this talk was a detailed explanation of the linked European economic crises (of the Euro as common currency, of the sovereign debt of major European economies, and of deepening disunity among members of the European community). The particular position and policies of German capitalism are stressed as central to explaining these crises.

New York is home to the poorest and richest districts in the U.S. with 380 thousand millionaires and 3 million people on food stamps. RT's Anastasia Churkina takes a look at reality for the rich and the poor in the Big Apple.

Richard Wolff speaks on The Big Picture with Thom Hartmann on Tuesday, November 29th 2011. The Eurozone is creeping closer and closer to spiraling into an economic abyss. And the biggest economy in Europe, Germany, has major reservations about riding in on a white horse to save the day.