US next Greece if debt is not dealt with : Richard Wolff

Richard Wolff Professor Emeritus at the University of Massachusetts, and author of 'Democracy at Work: A Cure for Capitalism', about the recent school closures in Chicago, and how it reflects a systemic problem within the current capitalist model.Economist, Richard Wolff is a Professor, Author and "Democracy at Work" Advocate

Professor Wolff breaks down the root causes of today's economic crisis and traces its source to the 1970s, when wages began to stagnate and American workers were forced into a spiral of borrowing and debt. By placing the crisis in this framework, Wolff argues that proposals for government "bailouts," offers of stimulus packages, and calls for increased market regulation will not address the real causes of the crisis. He suggests that far more fundamental change is necessary to avoid future catastrophes. Richly illustrated with motion graphics, Capitalism Hits the Fan is a superb introduction to the unraveling economic crisis for ordinary citizens.