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Capitalism Hits the Fan mp4 for iPod
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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| d6d25889d3c51e2528dcb53fd9b98858c673a168 |
Tracker | http://onebigtorrent.org |
Category | Talks, Debates, Interviews |
Uploaded by | |
Uploaded on | Apr 11, 2009 |
Number of files | 1 |
Last Seeder | 7h 33m 54s ago |
| 1427 |
| 367 |
| 148 |
1 Comment
Does a great job of explaining what he had a time to get to, but left me hanging at the end.
He gives just a glimpse of his solution to the economic crisis, but doesn't show how it would actually work.
**Spoiler**
Marxism may stop the trend of workers supplementing their stagnant real wages with debt, but it doesn't address what stagnated the wages in the first place: increasing foreign competition. Also does nothing to address the consumerism that drove consumption that drove debt. At least Wolff doesn't have any time to get to it in this too short hour long lecture.
He gives just a glimpse of his solution to the economic crisis, but doesn't show how it would actually work.
**Spoiler**
Marxism may stop the trend of workers supplementing their stagnant real wages with debt, but it doesn't address what stagnated the wages in the first place: increasing foreign competition. Also does nothing to address the consumerism that drove consumption that drove debt. At least Wolff doesn't have any time to get to it in this too short hour long lecture.
May 18 2009, 10:53 CEST
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