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These Tuesday evenings begin with updates and analyses of the last month’s major economic events. We focus on the global capitalist economic crisis, government responses, and the growing challenges to contemporary capitalism. We examine resistances to "austerity," "deficit reduction" and other programs aimed to “socialize” the costs of capitalist crisis. Alternative theories for understanding these issues are considered. Likewise, we examine alternatives to capitalism as solutions to today’s economic problems. When time permits, we open the floor to general discussions. Our goal: to develop all participants’ understanding and ability to explain economic developments to others.
Topics this evening include Nelson Mandela, the Detroit bankruptcy and then move into the ongoing capitalist global crisis in the US, Europe and Japan versus that of China, India and Brazil and the crisis of socialisms spanning Europe to China. We also consider emerging economic and political movements that are developing in response to these crises.
Richard D. Wolff is Professor of Economics Emeritus, University of Massachusetts, Amherst where he taught economics from 1973 to 2008. He is currently a Visiting Professor in the Graduate Program in International Affairs of the New School University, New York City. His work is available at rdwolff.com and democracyatwork.info.
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