A constructive debate on neoliberalism, capitalism & socialism. In addition, Prof. Wolff is questioned about the underlying principles and methods of socialism and whether a reformist or revolutionary approach is required in order to improve the system.
Watch the discussion here with Zain Raza on acTVism Munich
Banks are supposed to hold a percentage of every dollar in reserves, which means they have a large pile of money. What happens if the government wants to stimulate the economy, by telling the banks they can lend out part of their held deposits or all of it? The last time the banks were able to lend out their reserves, we found ourselves in a global financial crash.
Watch Prof. Wolff here on The Thom Hartmann Program
The US-China Trade Wars: Causes, Prospects, Risks