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.
Pulitzer Prize-winning journalists Nicholas Kristof and Sheryl WuDunn explore the causes and costs of addiction, poverty and incarceration plaguing America, from the inner city to small towns like Kristof's hometown of Yamhill, Oregon.
Since the late 18th century American legal decision that the business corporation organizational model is legally a person, it has become a dominant economic, political and social force around the globe.
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Alternative movies trailers for Capitalism Hits the Fan
More movie trailers, teasers, and clips from Capitalism Hits the Fan:
Capitalism Hits the Fan: A Lecture on the Economic Meltdown - Preview
Buy DVD at or With breathtaking clarity renowned UMass Economics Professor Richard Wolff ...
Capitalism Hits the Fan - Richard Wolff
Excerpt of a presentation on the current economic meltdown presented at Greenfield Community College Stinchfield Hall by UMass Economics Professor ...
Capitalism Hits the Fan Part 1 of 2
American economist Richard Wolff at the opening plenary of the Left Forum in New York City on April 17 2009. In this speech he explains our current financial ...
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