Capitalism Hits the Fan — Why Economic Crises Keep Returning | Crisis in Perception
In this episode of Crisis in Perception, we examine Capitalism Hits the Fan by Richard D. Wolff.This book analyzes why capitalism repeatedly produces economic crises, focusing on the 2008 global financial collapse as a predictable outcome rather than an anomaly. Wolff traces the roots of the crisis to decades of stagnant wages, rising household debt, and structural dependence on financialization to sustain consumption.Key themes include:Why real wages stopped rising in the 1970sHow debt replaced income growth for working familiesThe recurring cycle between free-market and state-led…
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