Summary: Capitalism in Crisis? with Richard Wolff This week, Eric sits down for an extended conversation with Richard Wolff, one of America's leading economists and critics of the economic system. Prof. Wolff explains why his critique is of capitalism itself and not merely its contemporary manifestation. He and Eric examine the current "debate" regarding the so-called "fiscal cliff" and how this is merely austerity by another name. Prof. Wolff provides his interpretation of the various strategies used by either side in propping up this economy while also explaining how there could be a third way, one that is focused on solutions not beholden to the current economic order. He and Eric also analyze the nature of class and how class analysis is not only relevant but necessary in the United States of the 21st Century. Richard Wolff is Professor of Economics Emeritus at the University of Massachusetts Amherst and is currently Visiting Professor at the Graduate Program in International Affairs at The New School in New York. His work appears regularly in The Guardian and Truthout.org. Visit his website rdwolff.com as well as the website for his new project DemocracyAtWork.info
