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Capitalism doesn't work in the US?

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Uploaded by on Aug 7, 2011

The unemployment rating has dropped a tenth of a percent to 9.1 percent. This is encouraging to some, but at the same time the average duration of unemployment rose to 10 months. The DOW is at its lowest it has been in years and the dollar hits a record low this week. The default deal has been settled but is the economic crisis over? Richard Wolff, economist and talk show host for WBAI radio, tells us more.

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  • Several western European countries have shown to work fine with socialism.

  • @ah1rooivalk No thanks. Resource economy is central planning which never has and never will if you want prosperity and freedom. The U.S. is not free market capitalism and hasn't been for a hundred years. It is a Keynesian, welfare, corporatist economcy. Huge difference.

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  • Capitalism doesn't work? Really? Could have sworn socialism was the problem after all since that's where all the taxes seem to go.

  • Excellent piece. The interview with Professor Wolff is priceless. :)

  • Capitalism doesn't work in the US. i havent never work. ww2 usa bomb europe and japan down, so usa was only nation in the world.

    Now is russia , china, brazil, europe, india, canada, japan, korea, australia...

  • Capitalism isn't the problem. What people seems to be unable (or unwilling) to notice is that the US of A hasn't been a Capitalist nation for decades now.

    Ever since the corporate monopolies started privatizing the profits while socializing the loses the US stopped being a competitive Capitalist nation and became just another corporate dictatorship.

    It's just that the Corps are being more aggressive now thanks to the fear opportunities 9/11 and the financial crisis offer them to take over.

  • @DelightfulJackass not as well as america before lobbyist corruption. Several European countries have also shown unemployment, when America thrived.

  • capitalism in america works completely fine. its just that the people are fucking crying about the 1% is doing it the way it was done centuries ago

  • @DelightfulJackass Yup, especially with economic decline and higher taxes.

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