Richard Wolff, Professor of Economics Emeritus at University of Massachusetts, in Austerity: Another “Policy Mistake” Again states “punishing debtors, cutting payrolls and imposing austerity keep happening. The capitalist system drives its people and enterprises to return to those policies even though their huge social costs and ultimate dangers for capitalists are rediscovered repeatedly.”  Why do fans of capitalism, or is it fanatical capitalists, repeatedly undermine viability—theirs and society’s—for short-lived selfish gains in the immediate future? Continue reading →