A Crisis in Europe
The Socialist Program with Brian Becker
The Socialist Program
4.7 • 587 Ratings
🗓️ 11 September 2024
⏱️ 35 minutes
🧾️ Download transcript
Summary
On today's episode Nicole Roussell and Prof. Richard Wolff discuss a newly released report aiming to assess and fix Europe's economic decline against the United States and China.
Professor Richard Wolff is an author & co-founder of the organization Democracy at Work. You can find his work at rdwolff.com.
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Transcript
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| 0:00.0 | A big report was released this week about how Europe can keep up with the U.S. and China. |
| 0:06.0 | But what does this mean for stopping climate change, war, and oppression worldwide? |
| 0:11.0 | We need a new system. We need a new society. |
| 0:15.0 | We need to demand that which may have sounded impossible even a few weeks ago, |
| 0:20.0 | but is not only realizable, but an imperative of big business. I'm Nicole Roussel, |
| 0:58.0 | sitting in for your host, Brian Becker. Brian will be back for the video show tonight, which |
| 1:02.4 | will be a podcast tomorrow, and we'll discuss the Trump Harris debate. The Socialist Program brings |
| 1:07.6 | you content several days a week thanks to the support of our patrons at patreon.com slash the Socialist Program. |
| 1:13.2 | We appreciate all of your support and encourage you to become a patron today if you enjoy listening to the show. |
| 1:19.3 | Richard Wolfe is the co-founder of the organization Democracy at Work and the author of many books, including Understanding Capitalism, which is now available at Democracy at Work.Info. |
| 1:29.1 | Professor Richard Wolfe, welcome back. |
| 1:31.3 | Thank you, Nicole. Very glad to be here. |
| 1:34.4 | So, Professor, I want to start. The report I mentioned is authored by Mario Draghi. |
| 1:39.1 | He's a former president of the European Central Bank. He released a long-awaited report this Monday |
| 1:44.9 | this week about Europe's declining share of the world economy. First, can you talk briefly |
| 1:49.7 | about who Mario Draghi is and why he has such a legendary status among the bourgeoisie for |
| 1:55.0 | his role, you know, saving the Eurozone and the aftermath of the 2009 collapse, just to help |
| 2:00.2 | underscore why this report with his stamp on it is truly taken seriously and the aftermath of the 2009 collapse, just to help underscore why this report |
| 2:02.1 | with his stamp on it is truly taken seriously by the powers that be? |
| 2:05.9 | Sure. |
| 2:06.9 | Europe, as everyone now knows, is a loosely unified, and I'll come back to why it's loosely, |
| 2:14.7 | but it's a loosely unified entity, thousands of years old, composed of a large |
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