The presentation filmed before a live audience is broken down into 10 short subsections each with a single central theme. Brief pauses between sections allow one to digest what has been said and at the same time prepare for what follows. Wolff's opinions are well laid out and will provide opportunities for research, discussion and debate both for the serious student of economics and finance as well as someone whose eyes glazed over at the mention of economics but who is now paying attention.
Capitalism Hits the Fan
Brimming with an electrifying explanation of how the 'American Dream' evolved into the 'Nightmare on Wall Street' Wolff tautly strings together an economic theory some of the observations with which we might differ that offers a persuasive explanation of how Wall Street exploded by increasing our indebtedness as individuals and as a nation, at a time when wages remained stagnant. Normally lectures if you remember them from college leave a lot of time for day dreaming, but Wolff's explanation is so timely and cogent that you won't want to break away.
Beyond Wolff's final conclusion about worker-owned companies, he succinctly has built a case about why leaving the arsonists on Wall Street in charge of putting out the fire that they started is an untenable strategy that will lead to even more economic implosion. There are currently no reviews of this product.
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Library Home page Menu. Search form Search. You are here Home. A Media Education Foundation Production mediaed. This video is a real tour de force.
Capitalism Hits the Fan: The Global Economic Meltdown and What to Do About It
In just 57 short minutes U. Mass economics Professor Richard Wolff lays out in macro terms the contours of the present crisis of US capitalism. He does this in a clear, concise way avoiding by and large the use of jargon. Any relatively informed person can easily understand the message.
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The presentation filmed before a live audience is broken down into 10 short subsections each with a single central theme. Brief pauses between sections allow one to digest what has been said and at the same time prepare for what follows.
During the long century between the end of the Civil War and the s, US capitalism experienced a steady expansion fueled by the introduction of new technologies. The resultant rising levels of production and productivity allowed capitalists to raise wages consistently while maintaining profits. Although this growth did not occur without its blips, notably the several mini crashes of the late s and the Great Depression, it nonetheless proved lasting.
Sometime during the s things began to change. First, the introduction of computers led to rising productivity but without increased job creation or rising wages.