The ecological crisis is a failure of capitalism.
This is a fantastic lecture; the fundamentals of economics: capitalism, socialism, Marxism leading to a brilliant explanation of co-operatives and how they represent a democratisation of the workplace. His analysis brilliantly reveals the faults of the system and explains how we got there.
Richard D. Wolff is Professor of Economics Emeritus, University of Massachusetts, Amherst where he taught economics from 1973 to 2008. He is currently a Visiting Professor in the Graduate Program in International Affairs of the New School University in New York City. He wrote Democracy at Work: A Cure for Capitalism and founded www.democracyatwork.info, a non-profit advocacy organization of the same name that promotes democratic workplaces as a key path to a stronger, democratic economic system. Professor Wolff discusses the economic dimensions of our lives, our jobs, our incomes, our debts, those of our children, and those looming down the road in his unique mixture of deep insight and dry humour. He presents current events and draws connections to the past to highlight the machinations of our global economy. He helps us to understand political and corporate policy, organisation of labour, the distribution of goods and services, and challenges us to question some of the deepest foundations of our society.