Stagflation= Recession + Inflation - Economic Update with Richard Wolff

Prof Wolff looks at the ways capitalism is so unstable for most of us: recessions, inflations and the combination of the two- stagflation.

"What kind of a system is that, that presents us with this lurching back and forth- inflation, recession, recession, inflation. What kind of a system is this? Maybe the solution isn't to go fix this and that one and this little detail and that- but maybe to change a system to get one that isn't so unstable in the first place." - Richard Wolff

This is a clip from S12 E32 of Economic Update: Recession - Capitalism's Failure Invites System Change
Watch the full episode on our YouTube channel at    • Economic Update: Recession - Capitali...  

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