Season 10 · Episode 17
Capitalism's Unemployment Problem
Economic Update with Richard D. Wolff · Democracy at Work - Richard Wolff
April 23, 202028m 59s
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Show Notes
Capitalism's recurring unemployment problem was never solved and makes the system fundamentally unstable. Today's high levels of unemployment are hugely costly in both human and financial terms. We analyze why capitalism prepares so poorly for and then endures its recurring unemployment. We also examine several alternatives to unemployment that would serve society better but threaten capitalism.