Austerity: Why and for Whom?

Host Per Fagereng interviews RICHARD WOLFF, author of the book "Capitalism Hits the Fan: The Global Economic Meltdown and What to Do About It." He recently wrote the piece "Austerity: Why and for Whom?"
Richard Wolff is professor emeritus of economics at the University of Massachusetts, Amherst. He is currently a visiting professor in the Graduate Program for International Affairs at the New School University in New York City. Video of his talk "Capitalism Hits the Fan" is available at: http://www.capitalismhitsthefan.com .