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corporate dominance | labor

VIDEO: Capitalism Hits the Fan

"From 1820 to the 1970s, higher productivity led to higher wages. We measured ourselves in the rising standard of living. Rising consumption became exalted. What happens when rising wages stops? The last 30 years have seen an explosion of profit with stagnant wages.."
Richard Wolff teaches economics at the University of Massachusetts at Amherst.

"This is a crisis that has been building for a long time. There's a lot of pretending, wishful thinking and stalling..

What happens when rising wages stops? There was no social recognition. Most American families suffered in extreme silence. They did more work and went into debt. The working class is physically exhausted, emotionally stressed and twisted by debt. We're not going to fix this by throwing money at the banks or getting angry about bank managers.."

to hear Richard Wolff's summary of the new DVD "Capitalism Hits the Fan," visit
 http://www.capitalismhitsthefan.com/

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