This is an incredible lecture that everyone needs to peep that breaks down the current state of affairs with our economy. This cat Professor Richard Wolff is a beast when it comes to this as he lets us know that what is going down goes beyond money.. The quality on these clips aren’t all that great.. You can get better qualities at his website..http://www.capitalismhitsthefan.com/
Below is a more detailed description of what’s on these clips…They come in 9 parts
With breathtaking clarity, renowned University of Massachusetts Economics 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. By placing the crisis within this larger historical and systemic frame, Wolff argues convincingly that the proposed government “bailouts,” stimulus packages, and calls for increased market regulation will not be enough to address the real causes of the crisis – in the end suggesting that far more fundamental change will be necessary to avoid future catastrophes. Richly illustrated with motion graphics and charts, this is a superb introduction designed to help ordinary citizens understand, and react to, the unraveling economic crisis.
Capitalism Hits the Fan pt 1-Three Things the Economic Crisis is Not
Capitalism Hits the Fan pt 2-How We Got Here: American Exceptionalism
Capitalism Hits the Fan pt 3-History Interrupted: The Trauma of Flat Wages
Capitalism Hits the Fan pt 4-Coping with Trauma: The People’s Response
Capitalism Hits the Fan pt 5-The Meaning of the Trauma for Business
Capitalism Hits the Fan pt 6-Bust and No Boom In Sight
Capitalism Hits the Fan pt 7-What Won’t Work: Re-Regulation
Capitalism Hits the Fan pt 8-So What Might Work?
Capitalism Hits the Fan pt 9-Beyond Free Markets and Regulati
It’s all about the people who run, benefit, and work with capitalism…
The real question for anyone with a brain at this point is assessing what they DO have at their dispose to mediate any economic and social turbulence in their own lives and connect with others who are educated enough to adhere to a similar protocol.
The rest of this is just fear mongering and time wasting by miserable people. There’s nothing wrong with pointing out problems, as long as it’s a means to help people cope and get past it. Other wise it’s just making people dumb by focusing their attention on things they will never have any control over regardless.
The immoral absolutists will only win if you let them win.