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Google video: Capitalism Hits the Fan-A Marxian View |
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by Richard Wolff
Email: mbatko (nospam) lycos.com (unverified!) |
18 Dec 2008
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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 become their own board of directors. Maybe real democracy is impossible without economic democracy.
to hear Richard Wolff's 36-minute talk, click on
http://video.google.ca/videoplay?docid=7382297202053077236 |
See also:
http://www.mbtranslations.com
http://www.socialistproject.ca
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