Capitalism Hits the Fan: A Lecture on the Economic Meltdown - Preview
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Uploaded by ChallengingMedia on Feb 4, 2009
Buy DVD at http://www.CapitalismHitsTheFan.com or http://www.mediaed.org
With breathtaking clarity, renowned UMass Economics Professor Richard Wolff breaks down the root causes of today's economic crisis, showing how it was decades in the making and in fact reflects seismic and systemic failures within American-style capitalism as a whole. Wolff traces the source of the economic crisis to the 1970s, when wages began to stagnate and American workers were forced into a dysfunctional spiral of borrowing and debt that ultimately exploded in the mortgage meltdown. By placing the crisis within this larger historical and systemic frame, Wolff argues convincingly that both the government "bailouts" and calls for increased market regulation will not be enough to address the real causes of the crisis - in the end suggesting that more fundamental changes will be necessary to avoid future catastrophes.
Richly illustrated with graphics and charts, this is a superb introduction that allows ordinary citizens to comprehend, and react to, the unraveling crisis.
Available on DVD from the Media Education Foundation
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We see all the INSANE CRAP around us, and we just take it lying down, we just let the Fuckers (Politicians, Corporations, War-Profiteers, Courts, Cops, Bankers, Wall-Street, Israel, Zionists, Globalists, AIPAC, CFR, Bilderberg, Pentagon, Congress, Neocons, Federal Reserve, Rothschild, Corporate Media, CEOs, Greed, Fascists, Religious Extremists, Lobbyists, Liars, Manipulators, Bullies, Power-Mad Dictators, Tyrants, Greed-Infested Fucks, Deceivers), we just let them Rape Us 24/7, & we do NOTHING.
halcyon0830 3 months ago
awesome, the most terrifying thing is that a lot of free markets have started this trend as well, especially the European market.
we need to change this an other faults in our systems.
pay4cayray 3 months ago
They should blast this on clip in Times Square...
visuallyarrested79 4 months ago
@volscho Yeah, all the rich guys got stock in 1979??? Investors buy and sell stock faster than you can say the word Capitalism.
Capitalism =/= Stock market
Capitalism =/= Rich people
Capitalism =/= Taxation
Capitalism =/= Big corporations
Capitalism =/= Oil
Capitalism =/= FEDERAL RESERVE
Capitalism = A method of value for trade and barter. Anything else is people abusing the system. Capitalism is pure and beautiful. The rich are NOT capitalists, they are thieves.
DrScopeify 4 months ago
Overall what is wrong with our system, is the system itself. Our socioeconomic system needs to change for the better.
benandreas369 5 months ago
@frankleeseaux You can thank the Corporate-Welfare state for that, not Capitalism.
benandreas369 5 months ago
@frankleeseaux I apologize for the attitude my friend. I normally debate in a cool and collected manner.
As for now, I am simply drunk. I get feisty when I'm drunk.
sk8tafrnk 5 months ago
@sk8tafrnk Tell that to some of the people i live around. Anyone should be able to quickly and easily figure out the fallacy of the trickle down argument, but I happen to live in a state full of people who defend that notion. So, forgive me if I can't recognize your sarcasm, so thinly veiled that it sounds just like these idiots here.
So, I may have been mistaken about the deaf and blind part, but apparently I wasn't mistaken about the attitude.
frankleeseaux 5 months ago
@frankleeseaux You must me an idiot to not catch my sarcasm.
Taxes need to be raised. For common people and definitely for the wealthiest portion of our country. Government jobs would put money into the hands of the common people and essentially would pump money back into social programs. Corporations obviously don't do that cuz they just found ways to keep the bailout money, try to make profits off of it, then kept it.
So fuck you you fucking idiot. "Trickle Down Theory" is a fucking joke.
sk8tafrnk 5 months ago
@sk8tafrnk Oh, my goodness. If only the blind and deaf were also mute.
Tax breaks do not create jobs because they don't create incentive. High taxation, and tax breaks for certain kinds of investment do. But, we keep handing out lower taxes to the mega rich like candy, without incentive.
They have no reason to create jobs. They just enjoy greater profits, better vacations, bigger homes, with bigger garages and more cars, and other toys. WAKE UP.
frankleeseaux 5 months ago