Watch as Professor Richard Wolff breaks down the root causes of today's economic crisis, showing how it was decades in the making and in fact reflects seismic failures within the structures of American-style capitalism itself. Wolff traces the source of the economic crisis to the 1970s, when wages began to stagnate and American workers were forced into a dysfunctional spiral of borrowing and debt that ultimately exploded in the mortgage meltdown. By placing the crisis within this larger historical and systemic frame, Wolff argues convincingly that the proposed government "bailouts," stimulus packages, and calls for increased market regulation will not be enough to address the real causes of the crisis, in the end suggesting that far more fundamental change will be necessary to avoid future catastrophes. Richly illustrated with motion graphics, this is a superb introduction designed to help ordinary citizens understand, and react to, the unraveling economic crisis.
This can be especially hard for Christians to grasp, since a very deep part of our moral formation has been the belief that human identity is ultimately wrapped up in the suburban bliss of family life. (On which, see the TV series Mad Men…) This is also why our churches are often so strangely inhospitable to “single” (read: pre-married) people. We simply can’t really believe that these people are fully formed human beings. And so we treat them with all the sympathy or suspicion or indifference that their estate demands; our charity might even compel us to subject them to the peculiar indignity of a “singles” social event, all in the hope that the bright truth of sex will at last dawn in their dark lives.