Capitalism’s Unemployment Problem_on Economic Update
Capitalism’s Unemployment Problem
_on ECONOMIC UPDATE with Richard D. Wolff
Capitalism’s recurring unemployment problem was never solved and makes the system fundamentally unstable. Today’s high levels of unemployment are hugely costly in both human and financial terms. We analyze why capitalism prepares so poorly for and then endures its recurring unemployment. We also examine several alternatives to unemployment that would serve society better but threaten capitalism.
Each show wraps up with Professor Wolff answering some questions that he receives through his website or on Facebook. Economic Update is in partnership with Truthout.org.
This show was broadcast on April 29, 2020.
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