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/
Economist Dr. Richard Wolff, Capitalism’s Crisis Deepens Essays on the Global Economic Meltdown/Democracy At Work(For tickets/info on Dr. Wolff’s speaking events, click Democracy At Work.) There is a bright line from Carter and Reagan deregulating the airlines to what happened United Airlines Flight 3411 and the PR disaster that’s followed.
On tonight’s Big Picture, Thom discusses Trump’s economic and trade policies with economist and professor Dr. Richard Wolff. If Trump cuts taxes and ramps up defense spending, the U.S. could be looking at a shift back to Reagan-era economics.
In this week’s episode of On Contact, Chris Hedges explores capitalism in crisis with Richard Wolff, professor of economics emeritus at the University of Massachusetts-Amherst. From Brexit, to labor protests in France, to Italy’s financial woes, they discuss the effects of austerity on the working class. RT Correspondent Anya Parampil looks at the fallout of Britain’s decision to leave the European Union.
Economist Dr. Richard Wolff, Democracy At Work, joins Thom. For a large chunk of the American workforce – capitalism is no longer working the way it’s supposedly designed to work. Is it time to look for alternatives to the free market? And if so, where?