by Richard Wolff
Tuesday, Apr. 14, 2009 at 8:20 AM mbatko@lycos.com
Most of economics depends on consuming. When employers stop raising wages, you force a dilemma on people. Borrowing substitutes for wages. We took on unprecedented debt and built a house of cards.
Richard Wolff teaches economics at The New School in New York. More articles and videos are available at www.socialistproject.ca. to hear and watch "The House of Cards," click on http://www.youtube.com/watch?v=DX_Cxq2Cl-g&feature=related