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Capitalism Hits the Fan: A Lecture on the Economic Meltdown

Media Education Foundation ; written and presented by Richard Wolff ; produced & directed by Sut Jhally
Format
Video; Streaming Video; Online
Summary
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 graphics and charts, this is a superb introduction that allows ordinary citizens to comprehend, and react to, the unraveling crisis.
Director
Sut Jhally
Performers
Lecturer, Richard Wolff.
Release Date
2009
Language
English
Rating
Grade 9+
Higher education
Variant Title
Lecture on the economic meltdown
Credits
Written by Richard Wolff ; edited by Jason Young.
Published
[San Francisco, California, USA] : Kanopy Streaming, 2014.
Recording Info
Originally produced by Media Education Foundation in 2009.
Publisher no.
1041512 Kanopy
Related Resources
Cover Image
Description
1 online resource (1 video file, 57 min.)
Mode of access: World Wide Web.
Technical Details
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