Fairhaven College of Interdisciplinary Studies presents the ;;World Issues Forum

with Richard Wolff for:

"Economy in Crisis: Fantasies, Realities, Possibilities"

Published on November 2, 2015;;

Richard Wolff: "Economy in Crisis: Fantasies, Realities, Possibilities" from Fairhaven College, WWU on Vimeo.

Our economy's crises since 2008 continue. Millions face ever deeper income and wealth inequalities, ecological dangers, politics corrupted by money. We are living through the worst economic decline since capitalism's great 1930s depression. Reforms enacted then failed to prevent today's crises. A real solution requires more than reforms. We must change how we organize our enterprises (offices, factories, and stores). We can run them democratically, not dependent on state subsidies, taxbreaks and loopholes. Each employee can have an equal vote on what the enterprise does, how, and where, and what is done with the profits all help to produce. As Prof. Wolff explains, democratic enterprises - long overdue but already visible in worker cooperatives across the country - offer our best way out of today's economic crises