Today’s episode features an analysis (part 1) of how, why capitalism – especially in US – failed to prepare for or cope with a virus thereby enabling it to trigger another crash of capitalism (third this century: dot.com in 2000, sub-prime mortgage in 2008). In part 2, Prof. Wolff provides an analysis of how to respond to crash better than the US govt by emphasizing re-employment in millions of new jobs rather than unemployment, emphasizing worker-coops, etc.

In this video clip, Dr. Richard Wolff shares information on the world’s billionaires.

This clip is occurred during a talk at the Revolutionary Workers Group, Revolutionary University, October 2, 2016

Richard D. Wolff is Professor of Economics Emeritus, University of Massachusetts, Amherst. He is currently a Visiting Professor in the Graduate Program in International Affairs of the New School University in New York. Wolff has also taught economics at Yale University, City University of New York, and the University of Paris I (Sorbonne).

His work can be accessed at http://www.rdwolff.com and http://www.democracyatwork.info. Wolff lives in Manhattan with his wife and frequent collaborator, Dr. Harriet Fraad, a practicing mental health counselor and hypnotherapist in practice in New York City. Dr. Fraad’s website is http://www.harrietfraad.com/

Speak Out Now/Revolutionary Workers Group is a revolutionary group. They believe that a socialist world is possible and can be brought into being by the active struggles of the majority of the people of the world. They believe the international working class is the social force that can transform society and create a new world. But to do so, revolutionary organizations must be built in the working class. For this reason their group aims its activity primarily at large workplaces. Their newsletters are distributed at several workplaces every two weeks. http://revolutionaryworkersgroup.org/