The Economic Crisis
Clips from Absurdity Today with Julianna Forlano
Published on March 2, 2013VIDEOFunny, smart, political news satire, hosted by Julianna Forlano.
Breaking down the economic crisisSequester Talk on Russia Today
Published on March 2, 2013VIDEOOn Capitol Hill, there's still no deal in sight to avert the 85-billion-dollars' worth of cuts which will kick in later on Friday. It's known in Washington as the 'sequester' and would see significant reductions on military and domestic spending. But Republicans and Democrats just can't agree on what to do. President Obama says U.S. will get through the deep budget cuts if it has to, but admits the economy will get even worse. Economist Richard Wolff says the American people should prepare for the worst.On the sequester as austerity policy (Blog)
Over the centuries, lenders eventually figured out that if they punished borrowers unable to repay that would only further undermine their capacity to repay. So poorhouses and debtors prisons were abandoned (after countless millions were destroyed in the process) and bankruptcy procedures developed. Over the 3 centuries of modern capitalism, employers finally figured out that if they pressed wages down too low, the masses could not buy what the capitalists had to sell.Economic Update: Profit, Austerity and Criticizing the System
Published on February 25, 2013AUDIOUpdates on profit-driven scandals (horsemeat in Europe and fish in US); how long we work, Correa's anti-austerity victory in Ecuador, and getting public benefits for public investmInterview with Greek newspaper Eleftherotypia
It’s been five years since the global financial crisis of 2007-08, yet most advanced capitalist economies are either experiencing weak growth or are in recession. And then, of course, there are the peripheral nations in the euro zone which are in a deep depression. Are you surprised by the severity of the global crisis of 2007-08? No. Decades-long developments in global capitalism prepared the conditions for a long and deep crisis.Capitalism Becomes Questionable
originally appeared in MRzine The depth and length of the global crisis are now clear to millions. In the sixth year since it started in late 2007, no end is in sight. Unemployment rates are now less than halfway back from their recession peak to where they were in 2007. Over 20 million are without work, millions more limited to part-time work, millions have been foreclosed out of their homes. Those who retain jobs suffer declining real wages, fewer benefits, reduced job security, and more work.Economic Update: "Where Profit Motive Leads"
Published on February 18, 2013AUDIOUpdates on worker takeover of Greek factory, minimum wage debate, and European horsemeat scandal. Detailed analyses of Post Office cutbacks, economics of educational decline, and paying for war with taxes.Global Capitalism - A Monthly Update & Discussion: February 2013
Published on February 13, 2013VIDEOEconomic Update: "Lessons from Megabanks’ Megascandals"
Published on February 12, 2013AUDIOUpdates on big bank misdeeds, internet provider monopoly, and social effects of unemployment. Critical analysis of proposal to break up big banks, capitalism and the tomato industry, and expose of real goals of austerity policies.On "The Monitor" Radio Show 90.1 KPFT in Houston, TX
Interviews from Jan 21 and Feb 10, 2013
Parts I and !!
Talking Congressman Ryan on KPFA's Evening News
Published on January 30, 2013AUDIOProfessor Wolff on KPFA's Evening News
