Global Capitalism - A Monthly Update & Discussion (Dec 2011)

The chief focus of this talk was a detailed explanation of the linked European economic crises (of the Euro as common currency, of the sovereign debt of major European economies, and of deepening disunity among members of the European community). The particular position and policies of German capitalism are stressed as central to explaining these crises.

These Tuesday evenings will each begin with an update and analysis of major economic events of the last month and their contexts of longer-term economic trends shaping politics and society here and abroad. We will focus on the evolving global capitalist economic crisis and its consequences. We will examine 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

Actual economic developments will shape the agenda for each monthly Tuesday meeting. Rick Wolff, with occasional guests, will present an economic update and an analysis of some particular economic topics and then open the floor to questions, comments and a general discussion of where the US and world economies are going and the political implications. We aim to develop participants’ understanding of and ability to explain to others the key economic developments of our time.







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