Modern American capitalism is a story of continued inequality and hardship. Even a modest increase in the minimum wage faces opposition from those who seem to show allegiance first and foremost to America's wealthy and powerful. Yet some aren't just wringing their hands about our economic crisis; they're fighting back.
In an encore broadcast, Economist Richard Wolff joins Bill to shine light on the disaster left behind in capitalism's wake, and to discuss the fight for economic justice, including a fair minimum wage. A Professor of Economics Emeritus at the University of Massachusetts, and currently Visiting Professor in the Graduate Program in International Affairs of the New School, Wolff has written many books on the effects of rampant capitalism, including Capitalism Hits the Fan: The Global Economic Meltdown and What to Do About It.
"We have this disparity getting wider and wider between those for whom capitalism continues to deliver the goods by all means, a growing majority in this society facing harder and harder times," Wolff tells Bill. "And that's what provokes some of us to say it's a systemic problem."