What Has Capitalism Done For Us Lately?
series: Moyers & Company
air date: 3/22/13 8:00 PM
Richard Wolff's smart, blunt talk about the crisis of capitalism on his first Moyers & Company appearance, we asked him to return. On this week's show (check local listings Wolff dives further into income inequality, analyzing the widening gap between a booming stock market and a population that increasingly lives in poverty. Wolff also takes questions sent in from around the world by our viewers. Wolff taught economics for 35 years at the University of Massachusetts and is now visiting professor at The New School University in New York City. His books include Democracy at Work: A Cure for Capitalism and Capitalism Hits the Fan: The Global Economic Meltdown and What to Do About It. Also returning is Sheila Bair, the longtime Republican who served as chair of the Federal Deposit Insurance Corporation (FDIC) during the fiscal meltdown five years ago. During that time, she warned the public and her colleagues about big banking's excesses and against the billions in "too big to fail" taxpayer bailouts. Bair joins Bill to talk about American banks' continuing risky and manipulative practices, their seeming immunity from prosecution, and growing anger from Congress and the public. Bair is the author of Bull by the Horns: Fighting to Save Main Street from Wall Street and Wall Street from Itself.
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