Global Capitalism - Jan 2012 (2of2) - Professor Richard D Wolff

Global Capitalism: A Monthly Update and Discussion (Jan 2012) (1of2)

Basic prospects for the US economy in 2012 opened this month's update. Most attention focused on analyzing the two main problems now shaking European capitalism: (1) the financial and social costs and implications of European governments' debts and austerity programs aimed to alleviate those debts, and (2) conflicts over Greece's debts and default scenarios. Emphasis was placed on the impact of Europe's crises on the US economy in 2012.

These Tuesday evenings will each begin with an update and analysis of major economic events of the last month and their contexts of longer-term economic trends shaping politics and society here and abroad. We will focus on the evolving global capitalist economic crisis and its consequences. We will examine topics such as

- the social costs effects of the historic long-term US unemployment,
- national debt crises and "austerity programs" in Greece, Ireland, Spain, and beyond
- changes in today's Chinese economy and their global effects,
- tax reform and the entire tax issue in the US today,
- continuing crisis in the US housing and credit markets
- the economics of immigration

Actual economic developments will shape the agenda for each monthly Tuesday meeting. Rick Wolff, with occasional guests, will present an economic update and an analysis of some particular economic topics and then open the floor to questions, comments and a general discussion of where the US and world economies are going and the political implications. We aim to develop participants' understanding of and ability to explain to others the key economic developments of our time.

Original video: http://rdwolff.com/content/global-capitalism-monthly-update-discussion-januar...

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Category:

News & Politics

Tags:

• Capitalism Hits the Fan
• Professor Richard D Wolff
• europe
• germany
• eurocrisis
• economics
• marxism
• capitalism
• Marxian Economics
• january

[nayanmalig]

I hope fuckism replaces capitalism.

[nayanmalig]

I hope fuckism replaces capitalism.

[tironi333]

the hell, more than 200 people only watched the first part of class... what's the point then?

[alflayla5]

What I said before is not to blame northern Europeans, but the politicians who have allowed speculation to balloon out to the stratosphere and, very especially, banks that have taken advantage of hugely high prices of property. It is common knowledge that people who want to set up businesses in Spain will get no loans from banks, even though they have been bailed out at great cost to the tax-payer. They are the scourge of the earth. Please, investigate the property market in southern Europe.

[alflayla5]

Talking from a southern European's point of view, you in the USA don't realise to what point people from the north (esp. Germans and Britons) helped create the property bubble buying property in places like Spain, Italy and Greece. You should consider that issue some time. It's huge. In Spain, for instance, native people from any population on/near the Mediterranean coast cannot buy a home there, prices have skyrocketed. Rents too. Natives forced to live in big industrial towns.

[timphilby]

The question is if really capitalism comes to an end ,what 's going to replace it,I hope it's something better...It feels like a lot of things will change during this decade.

Anyway thank you for the lectures they help a lot understanding whats going on!Greetings from Greece ;)

[noprofitmaximierung]

Best Talk ever!