Dear friends,
Following up on the message by Anis Chowdhury from Bangkok - Capitalism prescribes the same policy mistakes
over and over again - austerity, punishment for debtors (unless they are financial institutions), labor cost cutting - that exacerbate its inevitable crises. When will we attack the structural roots of crisis?
Sharing my views from the United States, where the situation is worsening and will impact global growth:
http://truth-out.org/opinion/item/14917-austerity-another-policy-mistake-again
Best regards
Richard Wolff
Professor of Economics Emeritus,
University of Massachusetts, Amherst
Following up on the message by Anis Chowdhury from Bangkok - Capitalism prescribes the same policy mistakes
over and over again - austerity, punishment for debtors (unless they are financial institutions), labor cost cutting - that exacerbate its inevitable crises. When will we attack the structural roots of crisis?
Sharing my views from the United States, where the situation is worsening and will impact global growth:
http://truth-out.org/opinion/item/14917-austerity-another-policy-mistake-again
Best regards
Richard Wolff
Professor of Economics Emeritus,
University of Massachusetts, Amherst
