Special: Capitalism Hits the Fan - Promo
In the 1950s, the economy was booming and America was flourishing. Wages were rising, and shopping malls had to be built to keep up with our mad desire to consume. Production and wages led to abundance. And when we couldn't afford to buy it, we started to borrow to get it. Capitalism ruled the world; we were living the American dream.
Now, after all those years of blissful prosperity, we suddenly find ourselves waking up in an economic twilight zone. What happened? Is this a normal bust, or is it what happens when "Capitalism Hits the Fan?"
To answer these questions, we turn to renowned economist Richard Wolff. Clearly and understandably, he explains the origins and scope of the economic meltdown we're in. Is it almost over? Or are there further catastrophes ahead? Find out in this Link TV premiere of Capitalism Hits the Fan: Richard Wolff on the Economic Meltdown, hosted by Blanche Shaheen.
Also airing as part of this special is Deutsche Welle In Focus: Payday - Confessions of an Investment Banker. Look at the worldwide banking crisis from the inside with this riveting story of a banker and his business practices in London, one of the world's premiere finance centers.
LEARN MORE:
Visit Capitalism Hits the Fan's official website
Richard Wolff's official website
Media Education Foundation
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