“We are in a very serious decline, punctuated by rising inequality which reacts back upon and worsens the decline.”
To mark Economic Update’s 10th anniversary year, Professor Wolff is revisiting relevant moments from 10 years ago to explore how capitalism, its defenders, and its critics have all changed. For the month of July, Prof Wolff takes a look at income and wealth inequality.
“Could [this inequality] in fact explain the rising level of debt that plagued Americans? And the answer was an obvious, ‘Yes.’ Could it have been behind the failure of people to cover their mortgages which led to that c***k up of the American capitalist system late in 2008? And again the answer was a pretty obvious, ‘Yes.’”
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Learn more about d@w’s NEW BOOK by award-winning print and broadcast journalist Robert “Bob” Hennelly.
Stuck Nation: Can the United States Change Course on Our History of Choosing Profits Over People?
www.democracyatwork.info/books
“Hennelly brilliantly analyzes our capitalist crises and how individuals cope with them, tragically but often heroically. He helps us draw inspiration and realistic hope from how courageous Americans are facing and fixing a stuck nation.”
– Richard D. Wolff
Check out d@w’s other books: “The Sickness is the System,” “Understanding Socialism,” and “Understanding Marxism”
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