Richard Wolff on Greek Crisis: Harbinger of US Future? March 3, 2012

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Complete video at http://fora.tv/2012/02/14/Monthly_Update_with_Richard_D_Wolff_February_2012

Economics professor Richard Wolff breaks down Greece's latest round of European Union bailout loans. He deems the Greek crisis to be a "flash point" for global economics, and warns that the United States may follow a similar path.

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Each month, Richard D. Wolff presents an an analysis of some particular economic topics and then opens the floor to questions, comments and a general discussion. This course takes place at the Brecht Forum in New York. Each month, we aim to develop participants' understanding of and ability to explain to others the key economic developments of our time.

The updates focus on the evolving global capitalist economic crisis and its consequences. Professor Wolff examines topics such as: the social costs effects of the historic long-term US unemployment; national debt crises and "austerity programs" in Greece, Ireland, Spain, and beyond; changes in today's Chinese economy and their global effects; tax reform and the entire tax issue in the US today; continuing crisis in the US housing and credit markets; the economics of immigration.