Movie spotlight
Capitalism Hits the Fan
With breathtaking clarity, renowned University of Massachusetts Economics Professor Richard Wolff breaks down the root causes of today's economic crisis, showing how it was decades in the making and in fact reflects seismic failures within the structures of American-style capitalism itself. Wolff traces the source of the economic crisis to the 1970s, when wages began to stagnate and American workers were forced into a dysfunctional spiral of borrowing and debt that ultimately exploded in the mortgage meltdown. By placing the crisis within this larger historical and systemic frame, Wolff argues convincingly that the proposed government "bailouts," stimulus packages, and calls for increased market regulation will not be enough to address the real causes of the crisis, in the end suggesting that far more fundamental change will be necessary to avoid future catastrophes.
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Plot Summary
This documentary features economist Richard D. Wolff presenting a critical analysis of capitalism, arguing that its inherent contradictions and failures have led to persistent crises. Wolff explores alternative economic systems and discusses the need for a fundamental shift in how societies organize production and distribution.
Critical Reception
Capitalism Hits the Fan is generally praised for its clear and accessible explanation of complex economic theories, particularly by those already critical of capitalist systems. Some critics note its strong point of view, while others find its arguments persuasive and timely, especially in the wake of global financial downturns.
What Reviewers Say
Praised for its clear articulation of Marxist economic critiques.
Seen as an accessible introduction to alternative economic thought.
Appreciated for its timely analysis of capitalist crises.
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Fun Fact
The film is based on a lecture series by Richard D. Wolff, a prominent Marxist economist and professor emeritus at the University of Massachusetts Amherst.
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