The news isn’t good. The Euro is losÂing valÂue daiÂly. CounÂtries are slipÂping into “sovÂerÂeign debt crises” – meanÂing they’re going broke. And the marÂkets are swoonÂing once again. We’re watchÂing the proverÂbial othÂer shoe drop.
ThroughÂout this criÂsis, many AmerÂiÂcans have directÂed their anger at Wall Street (and deservedÂly so). But few have wonÂdered whether there’s anyÂthing basiÂcalÂly wrong with AmerÂiÂcan-style capÂiÂtalÂism. And, if anyÂthing, the only orgaÂnized protest moveÂment (The Tea ParÂty) has assertÂed that we need more capÂiÂtalÂism in our lives, not less.
In some rare quarÂters of acadÂeme, capÂiÂtalÂism still doesÂn’t get off so easy. And that brings us to three new online coursÂes taught by the econÂoÂmist Richard D. Wolff at The New School in NYC. Above, we feaÂture the first lecÂture from EcoÂnomÂic CriÂsis and GlobÂalÂizaÂtion, a course that takes a less orthoÂdox view of how we’re manÂagÂing the Great RecesÂsion. (Find the othÂer sevÂen lecÂtures here.) His othÂer coursÂes, both on MarxÂiÂan ecoÂnomÂics, appear in our colÂlecÂtion of Free Online CoursÂes under EcoÂnomÂics.