Capitalism Hits the Fan
Program #WOLR003. Recorded in Santa Fe, NM on September 13, 2011.
Like that well known substance, Capitalism has hit the fan. The statistics are numbing and do not convey the suffering and trauma citizens are enduring. Gone up in smoke are their savings, pensions, homes and jobs. Poverty is at record levels. For too many, dreams and hopes are shattered. And like the Howard Beale character in the movie Network, people are yelling, "I'm as mad as hell and I'm not going to take this anymore." Occupy Wall Street has gone global. People are in the streets pushing back and saying, Enough. "We are the 99%." There is widespread recognition that the economic crash is not just the result of greed and arrogance and lax regulation. There are deeper structural problems with a system that always prioritizes profits over people. The question is what should replace it?
Your cart is currently empty
Discontent with the corporate-run economy is mounting in the wake of the Great Recession. For too many these are dark times suffused by anger, hopelessness, and despair. There is a...
Capitalism and the Environment
James Hansen, one of the leading scientific authorities on global warming, warns: "Planet Earth, creation, the world in which civilization developed, the world with climate patterns that we know and...
Through its myriad booms and busts, capitalism manages to roll with the punches and emerge standing. We are constantly told: it's the only show in town. Do you want the...
Our great leaders tell us what we already know, The economy is "sour." But no worries. At the end of the day all will be well. Just keep on shoppin.'...
The Hypocrisies of Capitalism
Newsweek's cover declares, "We are All Socialists Now." Some people have a different take on it. Paul Krugman, commenting on the bailout of banks and the giant insurance company AIG, says...
The Manic Logic of Global Capitalism
The global economic landscape is being radically transformed. Traditional boundaries disappear as huge transnational corporations move virtually at will in search of cheap labor and resources. One financier boasts, "Now...