The San Ramon Valley Democratic Club's Thursday, March 28, meeting will feature a review and discussion of the DVD Capitalism Hits the Fan, featuring Richard D. Wolff, Ph.D.

With breath taking clarity, renowned University of Massachusetts Economic’s Professor breaks down the root cause 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 economics crisis to the 1970s, when wages began to stagnate and American workers were forced into a dysfunctional spiral 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 both the government ‘bailouts’ and calls for increased market regulation will not be enough to address the real causes of the crisis-in the end suggesting that more fundamental changes will be necessary to avoid future catastrophes. Richly illustrated with graphics and charts, this is a superb introduction that allows ordinary citizens to comprehend and react to the unraveling economic crisis.

San Ramon Valley Democratic Club member Nat Simons, a former Professor of Economics, Ohio State University, will critique the presentation and lead a discussion.

The meeting will take place at the Crow Canyon Country Club, 711 Silver Lake Drive, in Danville. Social time at 6:15 p.m., dinner at 6:45 p.m., with the program at 7:15 p.m. Members and invited guests can enjoy the dinner and program for $25, non-members $30, presentation only is $5 (requested donation).Please RSVP by Monday, January 21, to Jim Donnelly. Mail checks, made out to Jim Donnelly, to 373 Century Circle, Danville, CA 94526. For more information, visit the club's web site.

Leave a Reply