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.
Joseph Minarik (former chief economist of the Office of Management and Budget for eight years during the Clinton Administration) and economist Richard Wolff take on President Obama's proposed changes to Social Security.
Capitalism in Crisis: on Democracy Now! Urging End to Austerity, New Jobs Program, Democratizing Work
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Richard Wolff on Capitalism’s Destructive Power
Richard Wolff’s smart, blunt talk about the crisis of capitalism on his first Moyers & Company appearance was so compelling and provocative, we asked him to return. This time, the economics expert answers questions sent in by our viewers, diving further into economic inequality, the limitations of industry regulation, and the widening gap between a booming stock market and a population that increasingly lives in poverty.