Uploaded February 2009 | Updated September 2026, 3 weeks ago
Buy DVD at CapitalismHitsTheFan.com or mediaed.org
With breathtaking clarity, renowned UMass 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 and systemic failures within American-style capitalism as a whole. 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 both the government "bailouts" and calls for increased market regulation will not be enough to address the real causes of the crisis - in the end suggesting that more fundamental changes will be necessary to avoid future catastrophes.
Richly illustrated with graphics and charts, this is a superb introduction that allows ordinary citizens to comprehend, and react to, the unraveling crisis.
Available on DVD from the Media Education Foundation
Buy DVD at CapitalismHitsTheFan.com or mediaed.org
With breathtaking clarity, renowned UMass 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 and systemic failures within American-style capitalism as a whole. 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 both the government "bailouts" and calls for increased market regulation will not be enough to address the real causes of the crisis - in the end suggesting that more fundamental changes will be necessary to avoid future catastrophes.
Richly illustrated with graphics and charts, this is a superb introduction that allows ordinary citizens to comprehend, and react to, the unraveling crisis.
Available on DVD from the Media Education Foundation
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New Economics 101, The
True Wealth in the New Economy
Economist and bestselling author Juliet Schor lays out a positive vision for rethinking our relationship to consumer goods in this accessible and timely analysis of the devastating ecological, social, and personal costs of mass consumerism. Ranging from cutting-edge developments in economic theory, social analysis, and ecological design to real-world examples of these ideas being put into practice around the world, Schor makes a compelling case that preserving dwindling natural resources and enhancing economic security should have less to do with managing scarcity and learning to sacrifice than with envisioning new forms of plentitude. The result is a bold and practical vision for replacing the old dead-end, debt-financed, work-and-spend cycle with a new paradigm of sustainability fueled by the abundant and infinitely renewable resources of time, creativity, and community.
About Juliet Schor
Juliet Schor is Professor of Sociology at Boston College. A graduate of Wesleyan University, Schor received her Ph.D. in economics at the University of Massachusetts. Her most recent book is Plenitude: The New Economics of True Wealth. She is also author of the national bestseller, The Overworked American: The Unexpected Decline of Leisure and The Overspent American: Why We Want What We Dont Need. The Overworked American appeared on the best-seller lists of The New York Times, Publishers Weekly, The Chicago Tribune, The Village Voice, The Boston Globe as well as the annual best books list for The New York Times, Business Week and other publications. The book is widely credited for influencing the national debate on work and family. The Overspent American was also made into a video of the same name, by the Media Education Foundation. Schor also wrote Born to Buy: The Commercialized Child and the New Consumer Culture. She is the author of Do Americans Shop Too Much?, co-editor of Consumer Society: A Reader and co-editor of Sustainable Planet: Solutions for the Twenty-first Century. Schor is currently working on issues of environmental sustainability and their relation to Americans lifestyles and the economy and the emergence of a conscious consumption movement. She is a co-founder and co-chair of the Board of the Center for a New American Dream, a national sustainability organization. Visit her at www.julietschor.org.")
