Capitalism hits the fan : a lecture on the economic meltdown

The Resource Capitalism hits the fan : a lecture on the economic meltdown
Label
Capitalism hits the fan : a lecture on the economic meltdown
Title remainder
a lecture on the economic meltdown
Title variation
Lecture on the economic meltdown
Contributor
Subject
Language
  • eng
  • eng
Summary
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 graphics and charts, this is a superb introduction that allows ordinary citizens to comprehend, and react to, the unraveling crisis
Is part of
Cataloging source
MaNoMEF
Characteristic
videorecording
Credits note
Written by Richard Wolff ; edited by Jason Young
Date time place
Originally produced by Media Education Foundation in 2009
Intended audience
  • Grade 9+
  • Higher education
PerformerNote
Lecturer, Richard Wolff
Runtime
57
Technique
live action

Context

Context of Capitalism hits the fan : a lecture on the economic meltdown

Work of

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