Sunday, April 17, 2016

Capitalism Hits the Fan

Part 1: New World Notes #424, 28:35 (April 19)
Broadcast quality MP3 (40 MB)
Decent quality MP3 (13 MB)

Part 2: New World Notes #425, 27:42 (April 26)
Broadcast quality MP3 (39 MB)
Decent quality MP3 (13 MB)

Richard Wolff

With clarity, force, and wit, economist Richard Wolff explains the long process that got the U.S. economy into its present crisis. He shows why there are no quick fixes--while suggesting (in Part 2) some practical actions that will help. More fundamentally, we need to re-think our commitment to corporate capitalism.

Part 1 focuses on the factors most affecting workers: growing workforce, growing productivity, declining available jobs, stagnant pay, and growing consumer debt.

Part 2 focuses more on CEOs and financiers--who managed to make a bad situation much worse. Plus Wolff's practical suggestions.

Wolff gave this guest-lecture at Brown University on December 2, 2009. I have condensed it for radio broadcast. A video of the entire presentation including introductions (1:45:00) can be found on YouTube.

New World Notes previously broadcast this two-part program in April 2012 (as NWN #213-214). MP3 files downloaded from the links, above, are named with these older program numbers.

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