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DEMOCRACY AT WORK
PROFESSOR RICHARD D. WOLFF Economic Update: Recession - Capitalism's Failure Invites System Change ... Premiered Aug 22, 2022 Original article: https://www.youtube.com/watch?v=WvGIdRJfGho Peter Burgess COMMENTARY Peter Burgess | ||
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Economic Update: Recession - Capitalism's Failure Invites System Change
Democracy At Work with Prof. Richard D. Wolff Premiered Aug 22, 2022 284K subscribers ... 27,566 views [S12 E32] Recession - Capitalism's Failure Invites System Change In this week's show, Prof. Wolff defines recession and shows its relation to inflation and stagflation in their respective roles within capitalism's inherent instability. Rooted in the structure of capitalism, recessions represent both costly burdens on employers and employees alike and also strong incentives to question, challenge, and go beyond capitalism. The economics profession has been unable to end recessions despite centuries of trying. The profession often tries to hide the capitalist roots of recession instead. Wolff concludes with how system change might finally 'solve'' capitalism's intractable instability problem. **Economic Update with Richard D. Wolff is a @Democracy At Work production. We make it a point to provide the show free of ads. Please consider supporting our work. Become an EU patron on Patreon: https://www.patreon.com/economicupdate and help us spread Prof. Wolff's message to a larger audience. Every donation counts! A special thank you to our devoted EU Patreon community whose contributions make this show possible each week. SUBSCRIBE: EU Podcast | Apple Podcasts | Google Podcasts | Spotify | iHeartRADIO SUPPORT: Join our Patreon community at patreon.com/economicupdate or donate on our website at democracyatwork.info/donate Follow us ONLINE: Facebook:
NEW 2021 Hardcover edition of “Understanding Marxism,” with a new, lengthy introduction by Richard Wolff is now available at: https://www.lulu.com/ “Marxism always was the critical shadow of capitalism. Their interactions changed them both. Now Marxism is once again stepping into the light as capitalism shakes from its own excesses and confronts decline.” Check out all of d@w’s books: 'The Sickness is the System,' 'Understanding Socialism,' by Richard D. Wolff, and 'Stuck Nation' by Bob Hennelly http://www.lulu.com/spotlight/democra...
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