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Broken, Not Broke: The Economy According to Richard Wolff

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Economist Richard Wolff

As the ‘great recession’ continues, Economist Richard Wolff says failed ‘trickle down economics’ theories are being recycled under a different name. Now state and local governments are enacting even more cuts to the people who can afford them the least.

On this edition, Making Contact’s Lisa Rudman conducts an exclusive interview with economist and educator, Richard Wolff. He explains how we got into this economic mess, who’s to blame, and how, if we get organized, the flow of resources might be reversed.

Featuring:

Richard Wolff, University of Massachusetts at Amherst professor; Jerry Brown, Governor of California.

 

— WEB EXCLUSIVES —

Interview with Professor Richard Wolff by Lisa Rudman on January 16, 2011.


Richard Wolff speaking in Berkeley California at the Hillside Club, on January 16, 2011. Introduction by Brian Edwards-Tiekert of KPFA radio.

—–

For more information:

Berkeley Hillside Club

Confessions of a Radical Prof

Center for Popular Economics

Dollars and Sense magazine

Economists for Peace and Security

KPFA radio

Monthly Review

Professor Richard Wolff

Socialism and Democracy

Union of Radical Political Economics

United for a Fair Economy

Music:

For You by Mindtrap
Summer Love by Billy Wright
A Gentle Dissolve (Shawn Lee Ping Pong Orchestra Remix) by Thievery Corporation

Author: Kwan

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7 Comments

  1. The most succinct and clear minded description I have ever heard of how we got where we are and how we could get out of it. Should be be required listening for every American before the next election. Thank you!

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    • Thanks, David! Yes, Richard Wolff is a rare breed…an economist who knows how to translate ‘abstract’ economic policies to show the impact on working-class Americans. Please share the show with your friends!

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  2. I appreciated the brutal honesty as to the magnitude of our economic fiasco. I was disappointed that no mention was made as to the optimum size of govt. in ratio to our society, leading me to believe that govt. size does not matter? If govt. size doesn’t matter then would a bigger govt. underspend revenues thereby balancing, budgets? If govt. size is not relevant in this discussion of govt. overspending revenues then, could the answer to unemployment and
    low paying jobs be govt. employment and or wage subsidies available for everyone?

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  3. I agree with the first comment (The most succinct and clear minded description I have ever heard of how we got where we are and how we could get out of it. Should be be required listening for every American before the next election. Thank you!).

    Is it possible to buy a CD of Richard Wolff’s interview? I would very much like to buy one to share with others. Thank you.

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  4. SS at one time had so much surplus that the senators and congressman were licking their chops and trying to find away to get their hands on that money. So they Passed a Bill to borrow that money to Balance the budget. The first thing the crooks did was to double their salaries and use the money for pet projects to get Kick backs. These Senators and Congressman don’t give a dam about us senior citizens! They consider us a burden to them and this country. they really proved that when they froze our COLA the last two Years but gave them selves a nice pay raise. I was always taught SS was a separate fund so how can the government hold our benefits hostage to the debt ceiling increase. We paid into that fund our entire working lives. I for one depend completely on Social Security to survive and the knot in my stomach is growing larger by the minute while those in Washington continue to play politics!

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  5. in 1992 , then gov mario cuomo , commented that there was certain types of republican behaviour that were of a nazi nature . then president bush scolded cuomo for these remarks. and now fast forward to 2012 , it is true , that the ryan budget plan is of a nazi style. because it allows euthanasia. the fact is this. if you have a medical procedure in which you can save a person’s life , and you say that it is too expensive , and if you allow a group of people to refuse treatment , that is euthanasia. these tea bag people are simplistic un educated followers , just as in nazi germany. in 1980 , when carter left the white house , the national debt was less then one trillion dollars. the republicans deliberativelt bankrupcted america so as to kill the new deal. problem is , that when you cut medicare and medicaid ,, by turning them over to insurance companies , just as in nazi germany , it will be decided who will live , and who will die. some of my informqation i refer to the holocaust museum i found on the internet

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  6. i watched mr richard wolff on cspan , on his new book , occupy capitalism , and i have never ever heard a more brilliant man speak , ever. of course the major news networks and news media do not want anyone to listen to this man.

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