Host Per Fagereng speaks with economist Richard Wolff about his most recent book, Richard Wolff on "Capitalism's Crisis Deepens: Essays on the Global Economic Meltdown." While most mainstream commentators view the crisis that provoked the Great Recession as having passed, Richard Wolff paints a far less rosy picture. Drawing attention to the extreme downturn in most of capitalism's old centers, the unequal growth in the its new centers, and the resurgence of a global speculative bubble, Wolff makes the case that the crisis should be grasped not as a passing moment but as an evolving stage in capitalism's history.
Richard D. Wolff is Professor of Economics Emeritus, University of Massachusetts, Amherst and a Visiting Professor at the New School University in New York. Wolff’s recent work has concentrated on analyzing the causes and alternative solutions to the global economic crisis. His groundbreaking book Democracy at Work: A Cure for Capitalism inspired the creation of Democracy at Work, a nonprofit organization dedicated to showing how and why to make democratic workplaces real.
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