BTS 6/8/09: Fund Drive Special - Capitalism Hits The Fan / Meltdown: The End of the Age of Greed

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Today we are featuring Richard Wolff’s new film, Capitalism Hits the Fan,  which offers critical analyses of the causes of the economic crisis, the Keynesian stimulus-cum-regulation “solutions” being pursued and sketches an alternative solution.  We’ll talk to Rick about the underlying premises of President Obama’s economic proposals/solutions, the significance of the unemployment numbers just announced, the meaning of the GM bankruptcy and what it portends for our economic future.

We are also featuring  excerpts from our interview with Paul Mason – economics editor of the BBC’s Newsnight, and offering his new book Meltdown: The End of the Age of Greed as a thank you gift for your sponsorship pledge. Paul Mason had a ringside seat at the meltdown and tells the blow by blow story of the crash which brought the global economy to its knees, undermining three decades of neoliberal orthodoxy. It’s all in his book – from the shadow banking system to the subprime to the commodities speculation that forced a billion people to go without meals by mid 2008. Paul says the neo-liberal era is over – and has a few suggestions about what kind of capitalism could emerge from its ruins.

Read More for info on tonight's guests:

1. Richard D. Wolff is professor or economics at the University of Massachusetts Amherst. His latest book is New Departures in Marxist Theory (Routledge), co-authored with Stephen Resnick, with whom he has collaborated for decades, producing seven books and dozens of articles. He teaches at the Brecht Forum and serves on the Editorial board of Rethinking Marxism.

2. Paul Mason is BBC Newsnight's Economics Editor. His book Meltdown: The End of the Age of Greed was published today by Verso. His blog on the financial crisis is and he also blogs at Idle Scrawl. He is also the author of Live Working or Die Fighting, which was longlisted for the Guardian First Book Award. Paul won the 2003 Wincott Award for business journalism for reports from China covering the economic and political transition there; was named Workworld Business Journalist of the Year in 2004 and won the Diageo African Business Reporting Award 2007 for his acclaimed film on how mobile phones are changing Africa.