The Economic Crisis
- Published on March 28, 2011AUDIOThe drug industry operates right at the juncture of economics and psychology, and this is especially true of its hugely profitable drugs for mental health problems. We discuss who benefits and who loses when drugs replace the therapeutic relationship between patient and psychotherapist, when treating health problems at great cost takes precedence over the less costly prevention of those problems.
- Presented by KPFA Radio 94.1FMPublished on March 28, 2011VIDEO
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
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:
Prospects for the Left in the United States are far better than they seem to most observers across the political spectrum (excepting those who fantasize imminent revolutionary uprisings spear-headed by 79-year-old sociology professors). The economic crisis has bitten hard and deep. Millions of people have been impacted by high unemployment and home foreclosures, by decreased job benefits and job security, and by the realization that none of these afflictions will end soon. A sense of betrayal is settling into the popular consciousness.
Nothing better shows corporate control over the government than Washington's basic response to the current economic crisis. First we had "the rescue" and then "the recovery." Trillions in public money flowed to the biggest US banks, insurance companies, etc. That "bailed" them out (suggestion of criminality?) while we waited for benefits to "trickle down" to the rest of us. As usual, the "trickle down" part has not happened.