Monday, April 22, 2013

Any American who wants to understand the trajectory of the American economy (ever more downward), why this is happening, and what will ultimately be required to reverse the relentless lowering of American salaries and offshoring of American jobs should listen to economist Richard Wolff passionately lay it out in easily understandable terms. It's not pretty.

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Obama Preaches Stimulus to Europe and Practices Austerity at Home

Richard Wolff: Low wages, cheap money, and cheap equipment are driving higher profits and the politics of austerity - April 21, 13

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Richard D. Wolff is a Professor of Economics Emeritus at the University of Massachusetts, Amherst. And he is currently a Visiting Professor of the Graduate Program in International Affairs at the New School University in New York. Since 2008, he has been writing and speaking chiefly on the global capitalist crisis. His latest book is Democracy at Work: A Cure for Capitalism.

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