Lecture on the Crisis, and America's need for Communism

[Enragé]

http://leninology.blogspot.com/2008/10/capitalism-hits-fan.html

Professor of Economics at the University of Massachusetts Amherst, Richard D Wolff, on the crisis and America's desperate need for communism.

[Cooler Reds Will Prevail]

Very interesting analysis... A bit oversimplified in certain ways and I think he could have definitely gone further into it, but his take on American capitalism is overall very well thought out. His idea of socialism is a little strange, however... Worker-run corporations competing with each other would soon revert right back to executive-led corporations. Perhaps he was just using that as an analogy but it could have been clearer.