Richarddwolff
@richarddwolff·355K subscribers·501 videos
Another Crash Is Coming Unless We Act Now (w/ Richard Wolff)
Posted
February 13, 2020
Views
42,141
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2,031
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335
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5.61%
February 13, 2020
42,141
2,031
335
5.61%
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11:23Now PlayingProfessor Richard Wolff has some good news and some not so good news about the economy. The good news is that the next economic crash doesn't have to happen, the bad news is that stopping it won't be as simple some would like it to be.
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Are the banks going to crash again?
The signs are everywhere.
Auto Loans are slowing down and so are the asset backed securities based on those car loans,
Similar securities trading is happening with credit cars and meanwhile Donald Trump just pushed a big hole through Dodd Frank, a consumer protection bill that heretofore had helped protect citizens from dangerous bank trading
All of this is reminiscent of the 2008 housing crash that took out wall street after assets become toxic and now we have to ask if this will all happen again?
Richard Wolff brings some good says saying that the crash doesn't need to happen but it will unless we take bold action right now and fundamentally change the way our economy works
Do you agree with Richard Wolff that the only way to avoid capitalist crashes is to do away with capitalism?
Are you organizing to make this happen? How, what world would you create next?
Let us know in the comments?
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