A look at economics in the broadest sense, Dr. Richard Wolff dives deep in an hour long conversation on Democratic Socialism, its history, theory and possibility for closing the yawning gap of inequality.
The Hartmann Report
Thom Hartmann
4.5 • 1.3K Ratings
🗓️ 24 May 2019
⏱️ 62 minutes
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Summary
Professor Richard Wolff joins Thom for a deep dive into the often misunderstood definitions critical to our understanding of the world around us- a look at economics in the broadest sense. As democratic socialism grows more popular it is necessary to look at exactly what we are talking about, to have a stronger understanding of it all. What is Capitalism? We live in a capitalistic economy, we have a more or less democratic form of government, but what is democracy? ~~~ ~~~ ~~~ Extending the conversation, Thom reads from his book, "Screwed: The Undeclared War Against the Middle Class -- And What We Can Do About It" , as well as "The Inner Level: How More Equal Societies Reduce Stress, Restore Sanity and Improve Everyone's Well-being" by Kate Pickett and Richard G. Wilkinson, "Winners Take All: The Elite Charade of Changing the World" by Anand Giridharadas, as well as "Progress and Poverty In Economics: Henry George and How Growth in Real Estate Contributes to Inequality and Financial Instability" by Edward Nell.
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Transcript
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| 0:00.0 | This is the Tom Hartman Program. |
| 0:04.0 | Tom Hartman University Book Club reading today from Screw The Undeclared War against the |
| 0:08.9 | Middle Class and what we can do about it. |
| 0:10.5 | This is from one of the last chapters chapter 13 is title |
| 0:13.8 | setting the rules of the game the subchapter gaming the system |
| 0:17.5 | if government can create conditions that cause a middle class to emerge |
| 0:21.6 | by implementing fair rules for business progressive taxation free public |
| 0:25.7 | education |
| 0:27.8 | the opposite is also true |
| 0:29.2 | government can create a corporateocracy |
| 0:31.5 | by deregulating business by cutting taxes on extreme |
| 0:34.4 | wealth and by privatizing as much of the commons as possible. |
| 0:37.9 | Conservatives call this starving the beast. Here's how you starve the beast beast it put through tax cuts for the rich which cuts back the revenues of the federal government to the point that if you got rid of all the social programs you'd have a balanced budget no more social security no more spending for education no more spending for education, no more |
| 0:53.8 | spending for Medicare and Medicaid. Let the government simply keep the Army's |
| 0:57.4 | prisons and police. Let's shrink government. That's their philosophy. |
| 1:01.0 | When you cut all those social programs you lose the middle class |
| 1:05.7 | and in its place create a very small wealthy elite |
| 1:08.6 | and a large underclass of starvation wage workers |
| 1:12.2 | you lose democracy and instead create corporateocracy. |
| 1:16.5 | You change the rules of the game. |
| 1:18.4 | We the people lose and the feudal lords win. |
| 1:22.1 | Cons have been winning this particular game of star of the beast since Reagan first |
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