Capitalism's Decline

 

Professor Richard Wolff

Economic Update: What Capitalism's Decline Means
(Richard Wolff on YouTube)

"This week's show is dedicated to a discussion of the signs of US capitalism's decline. Wolff explores the passage of US capitalism from its birth, through its state-supported growth and expansion, to its global peaking from 1945 to 2000. He presents the causes of its ongoing decline this 21st century, and then offers a conclusion on the right, center and left political responses to decline."

 

VIDEO TRANSCRIPT

 

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“There is a cult of ignorance in the United States, and there always has been. The strain of anti-intellectualism has been a constant thread winding its way through our political and cultural life, nurtured by the false notion that democracy means that my ignorance is just as good as your knowledge.”

― Isaac Asimov, News Week, 1980.