articles tagged "Richard Wolff"

“Capitalism Hits the Fan”

Thursday, 9 August 2012 | A Public Affair

On Thursday August 9, Allen Ruff spoke with Marxist economist Richard Wolff, the author of “Capitalism Hits the Fan” whom some of you may have recently seen on Charlie Rose’s PBS program alongside David Harvey. They discussed the current economic crisis and related matters. “Capitalism Hits the Fan chronicles one economist’s growing alarm and insights as he watched, from 2005 onwards, the economic crisis build, burst, and then dominate world events. The argument here differs sharply from most other explanations offered by politicians, media commentators, and other academics. Step by step, Professor Wolff shows that deep economic structures—the relationship of wages to profits, of workers to boards of directors, and of debts to income—account for the crisis. The great change in the US economy since the 1970s, as employers stopped the historic rise in US workers’ real wages, set in motion the events that eventually broke the world economy. The crisis resulted from the post-1970s profit explosion, the debt-driven finance-industry expansion, and the sequential stock market and real estate booms and busts. Bailout interventions by the Federal Reserve and the US Treasury have thrown too little money too late at a problem that requires more than money to solve. As this book shows, we must now ask basic questions about capitalism as a system that has now convulsed the world economy into two great depressions in 75 years (and countless lesser crises, recession, and cycles in between). The book’s essays engage the long-overdue public discussion about basic structural changes and systemic alternatives needed not only to fix today’s broken economy but to prevent future crises.” -Haymarket Books To read more about Richard Wolff: http://rdwolff.com/ more »

Occupy the Economy, Challenging Capitalism

Friday, 8 June 2012 | A Public Affair

Esty Dinur interviewed Professor Richard D. Wolff about his new book “Occupy the Economy, Challenging Capitalism.” “Today’s economic crisis is capitalism’s worst since the Great Depression. Millions have lost their jobs, homes and healthcare while those who work watch their pensions, benefits and job security decline. As more and more are impacted by the crisis, the system continues to make the very wealthy even richer. In eye-opening interviews with prominent economist Richard Wolff, David Barsamian probes the root causes of the current economic crisis, its unjust social consequences and what can and should be done to turn things around.” -City Lights Publishers To read more about Richard Wolff: http://rdwolff.com/content/occupy-economy-challenging-capitalism To listen to the entire interview: more »

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