Capitalism Hits the Fan (2009)
With breathtaking clarity, renowned University of Massachusetts Economics Professor Richard Wolff breaks down the root causes of today's economic crisis, showing how it was decades in the making and in fact reflects seismic failures within the structures of American-style capitalism itself. Wolff traces the source of the economic crisis to the 1970s, when wages began to stagnate and American workers were forced into a dysfunctional spiral of borrowing and debt that ultimately exploded in the mortgage meltdown. By placing the crisis within this larger historical and systemic frame, Wolff argues convincingly that the proposed government "bailouts," stimulus packages, and calls for increased market regulation will not be enough to address the real causes of the crisis, in the end suggesting that far more fundamental change will be necessary to avoid future catastrophes.
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Save your money for something good and enjoyable
Just what I expected
A lot more amusing than I thought it would be.
An old-fashioned movie made with new-fashioned finesse.
12/21/17. Wolfe does an excellent job of explaining why we are in big do do. But, keep in mind that this documentary was made in 2009, as he was trying to explain why the American economy was failing then with the 2007-2008 financial crisis. Now, in 2017, nothing has really changed. In fact, most of the tactics Wolfe talked about that brought on the 2007-2008 debacle is repeating itself today. The big solution of giving "everyone" a tax cut is just smoke and mirrors. I would not be surprised if 2018 will be a repeat of what happened 10 years ago, only worst. This is definitely worth watching, and makes Wolfe the modern-day prophet of doom who warned about our future 10 years ago.