[lbo-talk] Economist Richard Wolff, on the crisis of capitalism (Steal This Radio #65)

Mitchel Cohen mitchelcohen at mindspring.com
Thu Dec 18 03:44:27 PST 2008


Marxist economist Richard Wolff explores the underpinnings of the crisis the capitalist system is facing today. ... and what to do about it!

Tune in to STEAL THIS RADIO, hosted by Mitchel Cohen and broadcast only over the internet at http://NYTalkRadio.net (Click on "Listen Live") on Friday, December 19th at 11 am, and repeated Tuesday, December 23rd at 8 pm.

After that, the show will be archived (podcast) at http://tribecaradio.net/wpradioblog/podcasts/stealthisradio/, where you can hear all 65 shows of Steal This Radio for the last 1-1/2 years any time you'd like. (Be sure to listen to the previous two shows as well. On #63, The IndyPendent's Arun Gupta fills in for Mitchel and picks up on similar themes; and in #64, Mitchel Cohen discusses the workers' takeover of a factory in Chicago, the uprising in Greece, and excoriates Obama's pick to head his Economic Council, Lawrence Summers.

Rick Wolff explains that real wages have not increased in the U.S. in almost 40 years, and that the capitalist class offered easy credit to compensate for that, which was a key factor in leading to the current crash. You can also read one of Prof. Wolff's recent articles online at http://www.monthlyreview.org/mrzine/wolff260908.html .

Music (yes, these all are apropos, if in non-linear ways): Kurt Cobain & Nirvana: "All Apologies" Courtney Love, "Gutless" Joni Mitchell, "Raised on Robbery Lauryn Hill, "Lost Ones"

and our regular intro: Mario Savio, at Berkeley 1964 Jefferson Airplane, "Volunteers"



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