Is capitalism in crisis?

Until the 1970s, American real wages were increasing and standards of living was improving. Starting in the late 1970s to the present, the real American wages have reminded stagnant while the One Percent gained by a very large amount. Meanwhile,
Americans have never been more productive. Why did they not share in the greater profits that companies were making? The reason lies, as Wolff states because the corporations and financial institutions realized they could take this enormous profit and lend it back to the Middle Class at exorbitant interest rates.


Robert Wolff, Visiting Professor at the New School, reveals the details of why the Economic Crisis is a temporary blip, but it a structural problem of the plutocracy dominating the U.S. and global eonomy.