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.
The lecture begins with 30 minutes of short updates on important economic events of the last month. Then Professor Wolff analyzes several major economic issues. For July 9, these include: 1. Americans’ falling household wealth expose “recovery” 2. New global debt bubble threatens 3. Most large US companies evade taxes by off-shore “havens” 4. GM’s scandal: 30 million vehicle recall, $50 billion subsidies.
This lecture Professor Richard Wolff entitled "Capitalism Hit the Fan, So Now What? Economic Democracy and America's Future," was part of a two-day event at the University of Southern Maine on April 23-24, 2014.
Professor Wolff discusses:
On April 9, 2014, Richard Wolff delivered this presentation, entitled "How the Economic Crisis Reshapes Europe" to Webster University students, faculty and staff.
Webster University and the Office of Corporate Partnerships welcome Richard D. Wolff, Professor of Economics Emeritus, University of Massachusetts, as the 2014 Global Leader in Residence for the College of Arts & Sciences.
RT TV: "How Far Right, Left & Neo-Nazi Parties Revolted Against the EU" | Interview with Richard Wolff
Abby Martin features an interview with economist and University of Massachusetts professor, Richard Wolff, discussing the future stability of the European Union discussing the political divisions and economic strain that has characterized the region for the last six years.
Professor Wolff joins Thom Hartmann. Joining the European Union has been a disaster for countries like Greece – Spain – and Ireland. Austerity cuts have decimated their already struggling economies. So why is Ukraine even THINKING of moving closer to joining the EU?
Professor Wolff examines what Obama did, did not do, and aims to do in the face of ongoing economic crisis. Other major topics include the attack on employee pensions and the growing interest – in New York, the U.S. and globally – in worker cooperatives as alternatives to capitalist enterprises.
New York City Council
Committee on Community Development
TESTIMONY of Richard D. Wolff, Democracy at Work, Inc.
Richard D. Wolff
Professor of Economics Emeritus, University of Massachusetts, Amherst
Visiting Professor, New School University, New York
Member of the Board, DemocracyatWork.info
New York, NY