WWUH Archives: Alternative Radio with David Barsamian - Richard Wolff speaks on Naked Capitalism

Episode Info

Original Aired:
Monday, December 30th, 2013
12:00PM to 1:00PM

Duration:
1 hour

Posted:
Monday, December 30th, 2013 12:05PM

Tags:
affairs community capitalism


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Episode: Alternative Radio with David Barsamian - Richard Wolff speaks on Naked Capitalism

Naked Capitalism
Through its myriad booms and busts, capitalism manages to roll with the punches and emerge standing. We are constantly told: it's the only show in town. Do you want the old Soviet Union? No way. But can't we imagine an economic system that is responsive to the needs of people and our precious planet rather than Wall Street and the investor class? Idealistic, you say? Maybe. But the fiscal ship is headed for a huge crash and no amount of moving the deck chairs around will avert it. Capitalism's tattered and moth-eaten clothes have fallen off, revealing a naked body that serves only the privileged few. Ninety-five percent of the economic gains, since the so-called recovery began are going to the top 1 percent. Meanwhile, median household income, adjusted for inflation, keeps dropping. The system is rigged to favor the rich.

Speaker: Richard Wolff
Richard Wolff is Professor of Economics Emeritus at the University of Massachusetts in Amherst and currently a visiting professor at the New School in New York. The New York Times called him “America’s most prominent Marxist economist.” He is the author of numerous books including Capitalism Hits the Fan, Democracy at Work and Occupy the Economy: Challenging Capitalism with David Barsamian.

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