December 19, 2008

Richard Wolff: real wages and the current economic crash

from Tribeca Radio Podcasts » Steal This Radio

Marxist economist Richard Wolff explores the underpinnings of the crisis the capitalist system is facing today.

Tune in to STEAL THIS RADIO, hosted by Mitchel Cohen and broadcast only over the internet at (Click on “Listen Live”) on Friday, December 19th at 11 am, and repeated Tuesday, December 23rd at 8 pm.

Rick Wolff explains that real wages have not increased in the U.S. in almost 40 years, and that the capitalist class offered easy credit to compensate for that, which was a key factor in leading to the current crash. You can also read one of Prof. Wolff’s recent articles online


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