Richard Wolff - Capitalism Hits the Fan avi
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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. Richly illustrated with motion graphics and charts, this is a superb introduction designed to help ordinary citizens understand, and react to, the unraveling economic crisis.
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Apr 08, 2009, 02:18:46
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11d , 17h 36m 16s ago
This lecture is riddled with errors and misconceptions.
Apr 08 2009, 09:08 UTC
And the file is huge, too.
Apr 08 2009, 18:16 UTC
"This lecture is riddled with errors and misconceptions".
-According to? It seems ridiculous to think that anyone you included, would secretly know THE TRUTH about every aspect of society. If you weren't aware of it already, it's the reconciliation of theories and different perspectives that are truly crucial in social sciences.
Apr 18 2009, 15:32 UTC