The collapse of the U.S. financial system, and subsequent severe recession, demonstrate, yet again, the simple point that unleashed capitalism-operating without tight regulations on financial markets, among other public policy interventions-promotes financial instability, mass unemployment and sharp social inequalities. The lecture will examine the specific origins of the current financial crisis, as well the longer-term economic patterns that it reflects. We will also pose the political question: How can U.S. capitalism be put back on a leash, as it was during the New Deal, to promote financial stability, full employment and social equality?

>> Go to the University of Minnesota event listing