A Recession Is Coming? In This Economy??
The Socialist Program with Brian Becker
The Socialist Program
4.7 • 587 Ratings
🗓️ 8 June 2022
⏱️ 28 minutes
🧾️ Download transcript
Summary
On today's episode Brian Becker and Prof. Richard Wolff discuss the possibility of a recession, now that the majority of CEOs foresee one. They're calling it mild, but is that what the economic signals are showing?
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 | First, the pandemic-induced economic depression, then a wave of historic inflation. |
| 0:07.9 | This has become an increasingly dominant topic in the business press as the Federal Reserve moves to wind down some of the key policies they have used to keep Wall Street afloat for several years. |
| 0:20.9 | We'll take a look at the latest science and what they mean for the working class. |
| 0:25.9 | We need a new system. We need a new society. We need to demand that which may have sounded |
| 0:32.0 | impossible even a few weeks ago, but is not only realizable, but an crimes of big business. |
| 1:14.0 | I'm your host, Brian Becker. |
| 1:15.9 | The Socialist Program brings you content three days a week thanks to the support of our patrons at patreon.com forward slash the Socialist Program. |
| 1:25.1 | We appreciate all of your support and encourage you to become a patron |
| 1:29.2 | today if you enjoy listening to this show. Richard Wolfe is the co-founder of the Organization |
| 1:35.1 | Democracy at Work. He's the author of many books. The latest being the sickness is the system |
| 1:40.8 | when capitalism fails to save us from pandemics or itself. |
| 1:45.7 | You can also find a new hard copy edition of Professor Wolfe's book, Understanding Marxism, |
| 1:51.5 | and has a new lengthy introduction, strengthening the case for why Marxism is indeed worth |
| 1:57.6 | understanding. You can check out all of his work at R.D.Wolf.com. That's R.D.W.O.F.F.com. |
| 2:06.6 | Professor Wolf, welcome back. Thank you, Brian. Glad to be here. |
| 2:10.8 | Professor Wolf, we're changing things up a little bit this week because many of us are involved in |
| 2:15.6 | organizing at the People's Summit of the America. |
| 2:19.2 | The government, the Biden administration, is having the summit of the Americas. About |
| 2:23.8 | half of the Americas have decided not to come because of the exclusionary policies towards |
| 2:29.6 | Cuba, Venezuela, Nicaragua. But we're going to be in Los Angeles and we're going to be meeting. |
| 2:35.9 | There's going to be a huge turnout at the People's Summit, people from unions, community organizations, |
| 2:41.5 | immigrant rights groups, peace organizations. About 200 organizations have come together in this very |
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