This is quite a good explanation of our current economic situation that Professor Wolfe gave a few years ago at MIT. Going along with his appearance on Bill Moyers just this last week.
I know that there were a few people that were not entirely happy with his appearance on the Moyers program and thought that he had at leas pull some punches in his answers and explanations. One has to bare in mind the audience he was trying to reach, however. Just as here.
All of whom have been indoctrinated from the very first on the superiority of the American capitalistic system. And all of whom would have turned a deaf ear at the very least or chased him off the stage if he had not chosen his words carefully. Much the same as if one were to try to convince a group of Islamists or communist party members…
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