Capitalism Hits the Fan: The Global Economic Meltdown — Richard Wolff _ on Economic Collapse Teach-in
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Capitalism Hits the Fan:
The Global Economic Meltdown — Richard Wolff
Richard Wolff Ph.D Economist gives a most informative talk entitled Capitalism Hits the Fan:The Global Economic Meltdown And What to Do About IT! Given at Brown University, Providence RI, December 2nd, 2009. From YouTube.com.
A review of his DVD Capitalism Hits the Fan on Amazon states:
With breathtaking clarity, renowned University of Massachusetts Economics 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. By placing the crisis within this larger historical and systemic frame, Wolff argues convincingly that the proposed government “bailouts,” stimulus packages, and calls for increased market regulation will not be enough to address the real causes of the crisis, in the end suggesting that far more fundamental change will be necessary to avoid future catastrophes.
The Economic Collapse Teach-in encompases upon some of the most highly controversial an crucial subjects of our day—the collapsing economy, the Federal Reserve, the Banks, Wall Street, financial fraud, forclosures, homelessness, unemployment, workers rights, unions, trade agreements, etc. We scour the world to find and gather debates and presentations that are extremely informative and educational. Related subjects are also discussed. It provides key information for the uninitiated and the initiated alike.