Professor Wolff examines how and why capitalism's crisis following the sub-prime lending debacle is actually deepening - not nearing an end as reported by most media. Additionally, Wolff explains how the social impact of that crisis in the US, Greece, Spain, and beyond are building to a historic change in our world.
RT TV's Boom Bust asks Prof. Wolff where he thinks the US economy is headed. Wolff gives his take on why, despite apparently good jobs numbers, many in the US believe the economy remains fragile.
Updates on pizza politics, changing currency values, and tax-cutting politicians’ wild claims. Responses on workers coops’ competitiveness and on ‘unfree’ agricultural markets. Interview Walter South on economics of housing and dangerous economics of US cities and suburbs.
“As Wealth and Income Inequalities Deepen, the System Undermines Itself”
Co-sponsored by Democracy at Work, Left Forum, and Judson Memorial Church
Prof. Wolff on The Real News Network: "U.S. Workers Returning to Labor Force with Part-time Jobs and Stagnant Wages"
Prof. Wolff discusses with Jessica Desvarieux of The Real News Network the latest unemployment figures, and says the raising of interest rates by the Federal Reserve during a weak recovery would be disastrous for our heavily indebted society.
TRANSCRIPTS JESSICA DESVARIEUX, TRNN PRODUCER: Welcome to The Real News Network. I'm Jessica Desvarieux in Baltimore.
Updates on Europeans' struggles against austerity policies. Response to questions on how workers' self-directed enterprises solve various problems (especially financing and different skill levels). In depth critical discussion of 'free enterprise' and the free enterprise system.