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The Socialist Program with Brian Becker

Biden’s Economic Policies: Recession in 2024?

The Socialist Program with Brian Becker

The Socialist Program

Politics, News

4.7587 Ratings

🗓️ 15 November 2023

⏱️ 34 minutes

🧾️ Download transcript

Summary

On today's episode Brian and Prof. Richard Wolff discuss how inflation is hitting our paychecks—despite financial reports stating good news.

Professor Richard Wolff is an author & co-founder of the organization Democracy at Work. You can find his work at rdwolff.com.

Please make an urgently-needed contribution to The Socialist Program by joining our Patreon community at patreon.com/thesocialistprogram. We rely on the generous support of our listeners to keep bringing you consistent, high-quality shows. All Patreon donors of $5 a month or more are invited to join the monthly Q&A seminar with Brian.

Transcript

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0:00.0

Inflation has gone down or is going down, according to a report released yesterday.

0:08.1

Financial markets were celebrating that a, quote, soft landing, close quote, that avoids a recession

0:13.5

has been all but achieved.

0:16.5

But is that true?

0:18.7

We need a new system.

0:22.6

We need a new society. We need to demand that which may have sounded impossible even a few weeks ago,

0:27.6

but is not only realizable, but an imperative necessity. We are very excited to have Professor Richard Wolfe join us again for our regular weekly segment

0:59.2

where we talk about the biggest stories related to the economy, the state of the working class,

1:04.3

and the crimes of big business.

1:06.7

I'm your host, Brian Becker.

1:08.5

The Socialist Program brings you content several days a week.

1:11.6

Thanks to the support of our patrons at patreon.com forward slash the socialist program.

1:18.5

We appreciate all of your support and encourage you to become a patron today, if you're not yet.

1:24.5

Please welcome Richard Wolf.

1:26.6

Richard is the co-founder of the organization, Democracy at

1:29.4

Work, the author of many books, the latest being The Sickness is the System when Capitalism

1:34.8

Fells to Save Us from Pandemics or itself. Be sure to check out all of his work at R-D-Wolf.com.

1:41.8

That's R-D-W-O-L-F-F.com. Professor Wolf, welcome back. Thank you very much, Brian.

1:48.4

Glad to be here. We have contrasting assessments here, Richard, and I'm going to ask you about them.

1:55.7

One is from the Wall Street Journal, and the other is from USB Bank, very, very different assessments of what's

2:03.6

actually going on. Here's the headline from the Wall Street Journal. This is, of course,

2:08.6

based on the inflation report yesterday that showed that inflation, while still rising, is rising

...

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