The Economic Crisis
- Published on November 18, 2010VIDEO
Professor Wolff, economist, speaks in Hamden, CT in October 2010 about the profit bonanza of the last 30 years, decisions to move work overseas, mergers, etc. He talks about the drive for austerity and the amazing fightback of French workers.
- Published on November 16, 2010AUDIO
Richard Wolff appears on The Rick Smith Show in order to discuss the current economic crisis and provide some insight into topics such as The Tea Party, misdirected public rage and some historical insight.
The Associated Press's Robin Hindery reported on October 29, 2010 that the AP had found a remarkable fact: communities across the US have been raising their local property taxes. The AP surveyed 39 states and studied 2,387 revenue measures that came before town, city, and county voters. In most of those elections, voters favored measures that raised their own property tax rates. Voters wanted to support their local schools and other services provided by local governments.
- In France, the government’s response to the economic crisis has sparked massive protests. What do they mean for the U.S.?Published on October 27, 2010
In France, refinery workers blockaded oil depots, leaving as many as one third of the nation’s gasoline stations dry last week. Protestors temporarily blocked access to the Marseilles airport. Rolling labor strikes have been ongoing for weeks, with major union leaders calling for two new strike days in the weeks to come. On Monday, the French government estimated that the protests had cost the economy up to 400 million euros per day.
For many weeks now, the historic social change sweeping across France has drawn increasing attention globally. It should. A genuine, mass democratic upsurge has surprised all those who thought, hoped, or feared that such things could no longer happen in countries like France or the US. Millions of French people -- in left political parties, church, and student groups -- have accepted and cheered on the leadership of a unified trade union movement. They have recomposed and reinserted a powerful left into French politics.