Google video: Capitalism Hits the Fan-A Marxian View

by Richard Wolff Friday, Dec. 19, 2008 at 2:22 PM
mbatko@lycos.com

Richard Wolff, a professor of economics at UMass Amherst, talks on the current "financial" crisis and capitalism in general. A form of socialism is presented as a possibility for exhausted and anxiety-ridden workers.

In the 1970s real hourly wages in the US stopped climbing while productivity continued soaring. Businesses outsourced or brought low-wage workers so wages stagnated or went down.

Workers could be their own board of directors. Maybe you can't have real democracy without economic democracy.

to hear Richard Wolff's 36-minute talk, click on

http://video.google.ca/videoplay?docid=7382297202053077236

Original: Google video: Capitalism Hits the Fan-A Marxian View