Capitalism Hits the Fan Film Screening and Q&A with Professor Richard Wolff | The New School

GPIA Presents: Capitalism Hits the Fan Film Screening and Q&A with Professor Richard Wolff

THE NEW SCHOOL | http://www.newschool.edu
For more online lectures and classes by Prof. Richard Wolff, visit http://www.rdwolff.com/classes

Join Economics Professor Richard Wolff, University of Massachusetts, for a screening of his film, Capitalism Hits the Fan, and a Q&A. Professor Wolff breaks down the root causes of today's economic crisis and traces its source to the 1970s, when wages began to stagnate and American workers were forced into a spiral of borrowing and debt. By placing the crisis in this framework, Wolff argues that proposals for government "bailouts," offers of stimulus packages, and calls for increased market regulation will not address the real causes of the crisis. He suggests that far more fundamental change is necessary to avoid future catastrophes. Richly illustrated with motion graphics, Capitalism Hits the Fan is a superb introduction to the unraveling economic crisis for ordinary citizens.

Graduate Program in International Affairs (GPIA) | http://gpia.info

* Location: Anna-Maria and Stephen Kellen Auditorium, Sheila C. Johnson Design Center. 03/03/2010 6:00 p.m.

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  Education

[draoi99]

Workers of the world unite!

[cr4yv3n]

Communism wasn't communism at all, it was an oligarchy ( the party ).

[OJYout]

Education and Healthcare in America are poor because there's too much privatisation, not too little.

[Darren A]

The guy is a full on communist enjoying a capitalist way of life. He ought to read Animal Farm. Nothing new with his rhetoric.

[randy terpstra]

well said. the original force & direction of the Russian Revolution was lost after Lenin's stroke & Stalin's successful consolidation of power to repress the Left Opposition.

[9avedon]

The only crisis here is that the greatest demonstration of Democratic expression,the Free Market in 2008 was not allowed to eliminate social and corporate welfare.

[Michael Tackett]

A must see for everyone i really like Richard Wolfe.

[Amardeep Bhella]

I feel this is just human nature wherein a few will dictate terms to the majority by views, force, propaganda, repression, etc etc.

This not only happens in economy, it happens in religion, politics, social life, aristocracy, dictatorships, etc all the time.

The question is not why a few people monopolize , the real problem is that why the rest of the community allows them to do so!

Unfortunately this has occured since like forever . . . its called herd mentality!

[Richard Shorten]

In simplistic of terms - knowing that Wall Street and corporations both national and international heavily control both sides of a two party USA government so who wins now - does not matter. ONLY a multi party government whose representatives are elected by an STV voting system (Single Transfer Vote).

We are all naturally greedy control freaks...this helps balance us out.

[Vladimir Wardell]

The elites have always waited until the 'mob' is tired of talking and the consequences have always been the same. Sometimes it seems that there is not a single intelligent hand on "the levers of power".

[wcropp1]

What's frustrating is the chicken vs. egg nature of modern economics--some blame the government, others blame business. The world has never seen democratic socialist planning, nor has it seen a market absent of government influence. Who knows what the results would be. It seems, overall, that government does more for business than it does for the people (though I'm not sure this necessarily has to be the case). However, it seems businesses can have perverse incentives free market or otherwise.