British Universities Film & Video Council

moving image and sound, knowledge and access

Capitalism Hits the Fan

Synopsis
University of Massachusetts Economics Professor Richard Wolff breaks down the root causes of the current 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 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.

Available in two different versions (57 mins and 34 mins) on the same DVD.
Language
English
Country
United States
Year of release
2009
Year of production
2008
Subjects
Economics
Keywords
capitalism; United States of America; economic history; economic crisis

Credits

Contributor
Richard Wolff

Distribution Formats

Type
DVD
Format
Region 0 NTSC
Price
$125.00
Availability
Sale
Duration/Size
57 minutes
Year
2009

Distributor

Name

Media Education Foundation

Email
info@mediaed.org
Web
http://www.mediaed.org External site opens in new window
Phone
+1 413 584 8500
Fax
+1 413 586 8398
Address
60 Masonic Street
Northampton
Massachusetts 01060
USA
Notes
The MEF produces and distributes documentary films and other educational resources to inspire critical reflection on the social, political and cultural impact of the mass media, particularly in the US, with emphasis on gender, health, politics, race and commercialism. Sale on DVD.

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