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Objective economic analysis is difficult to come by in this heated political moment, with deep budget cuts that disproportionately affect the poor and working class while the top one percent of Americans continues to amass wealth at a record pace.
Professor Richard D. Wolff's academic work and public lectures warning of a crisis of capitalism preceded the current disaster. Wolff will discuss the fallout of the economic collapse and the ongoing struggle over who will bear the massive costs.
On Sunday, January 16th, 2011, Professor Wolff spoke at the Berkley Hillside Club. These four parts of the talk begin with a short introduction and end with a question and answer session that took place at the event.Part 1
Part 2Part 3 Part 4
When the current economic crisis hit, the Obama campaign blew away Bush and McCain by promising hope, change and a solution that would overcome this crisis and prevent future crises. Likewise, some governments in Europe came to power based on public fear reacting to the global meltdown. Ongoing crisis, mass economic pain and deepening public anger keep shifting political winds.
Portugal’s Prime Minister Jose Socrates announced he’s stepping down today, after all five opposition parties in his country voted against the government’s plan for spending cuts and tax hikes. Socrates is a member of Portugal’s Socialist Party -- although it’s the largest party in his country’s parliament, it doesn’t command a majority on its own. Ironically, the most significant defection was from the country’s center-right Social Democratic Party which warned further cuts would hurt the weakest members of Portuguese society.
Debts and lies about them are being used to push conservative agendas in Wisconisn and across the country. Lots of statistical flim-flam is flowing from the pushers of those agendas. Yet alternative progressive agendas make more sense. The flim-flam becomes clear from the Federal Reserve’s just released Flow of Funds statistics for 2010. They reveal some truths about current economic events that deserve attention. First, consider this breakdown in the total debts of the five basic sectors of the US economy:
Appeared in the Guardian "Comment is Free" on January 28th, 2011
Several hundred Camden, New Jersey firefighters and police officers were laid off, 18 January 2011: Renee Muhammad, who is one of four women firefighters in Camden, gets emotional while waiting to hand in her gear. Photograph: April Saul/Philadelphia Inquirer/MCT
Richard Wolff makes an appearance on KRCL 90.9 FM Radio to speak about who is to blame for the economic crisis and the response.
KRCL: RadioActive! March 8 Capitalism Hits the Fan (2011-03-08)