Watch as 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.
Professor Wolff examines how and why capitalism's crisis following the sub-prime lending debacle is actually deepening - not nearing an end as reported by most media. Additionally, Wolff explains how the social impact of that crisis in the US, Greece, Spain, and beyond are building to a historic change in our world.
RT TV's Boom Bust asks Prof. Wolff where he thinks the US economy is headed. Wolff gives his take on why, despite apparently good jobs numbers, many in the US believe the economy remains fragile.
“As Wealth and Income Inequalities Deepen, the System Undermines Itself”
Co-sponsored by Democracy at Work, Left Forum, and Judson Memorial Church
Prof. Wolff on The Real News Network: "U.S. Workers Returning to Labor Force with Part-time Jobs and Stagnant Wages"
Prof. Wolff discusses with Jessica Desvarieux of The Real News Network the latest unemployment figures, and says the raising of interest rates by the Federal Reserve during a weak recovery would be disastrous for our heavily indebted society.
TRANSCRIPTS JESSICA DESVARIEUX, TRNN PRODUCER: Welcome to The Real News Network. I'm Jessica Desvarieux in Baltimore.
ACLU SoCal, L.A. Progressive and Occidental College hosted Prof. Wolff for a discussion on economic rights and reform, on February 10, 2015 at Occidental College.
Monthly Economic Update is co-sponsored by Democracy at Work, Left Forum, and Judson Memorial Church. “The Economics of a New Year”
These programs begin with 30 minutes of short updates on important economic events of the last month. Then Wolff analyzes several major economic issues. For this February 4, 2015 they will include:
The wealthy elite are getting even richer, and a new report says that by 2016, the top 1% will control more than half of the world's wealth. What explains this staggering level of inequality, and is there any way to buck this trend? Prof. Wolff explains.
On this episode of Breaking the Set, Abby Martin interviews economist and Professor Emeritus at the University of Massachusetts, Richard Wolff, about the reasons for the dramatic decline in oil prices and the impact it will have on the global economy. (minute 19:40)
Monthly Economic Update: Co-sponsored by Democracy at Work, Left Forum, and Judson Memorial Church “The Economics of a New Year” Judson Memorial Church Assembly Hall 239 Thompson Street at Washington Square, Manhattan These programs begin with 30 minutes of short updates on important economic events of the last month. Then Wolff analyzes several major economic issues. For this January 14, these will include: 1. Causes and consequences of the oil price collapse: can it produce another crash? 2. Greece: if Jan.