Billionaire Power: An American Obscenity
The Socialist Program with Brian Becker
The Socialist Program
4.7 • 587 Ratings
🗓️ 6 March 2024
⏱️ 25 minutes
🧾️ Download transcript
Summary
On today's episode Brian and Prof. Richard Wolff discuss why five people in the world have nearly $1 trillion of our society's money when inventors, academics, and well renowned people in other fields get prizes or one-time cash rewards. And how can Jeff Bezos operate Amazon without profit for nine years whereas most businesses can only go a few months?
Professor Richard Wolff is an author & co-founder of the organization Democracy at Work. You can find his work at rdwolff.com.
Transcript
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| 0:00.0 | With $200 billion in assets, Jeff Bezos has once again become the richest man in the world. |
| 0:09.0 | He overtook Elon Musk's fortune of $198 billion. |
| 0:14.9 | With the five richest people on the planet hoarding nearly $1 trillion, more and more people are coming to the |
| 0:24.7 | conclusion that we need a radical redistribution of wealth. |
| 0:30.1 | We need a new system. |
| 0:32.2 | We need a new society. |
| 0:34.1 | We need to demand that which may have sounded impossible even a few weeks ago, but is not only realizable, but an imperative necessity. We are excited to have Professor Richard Wolfe join us again for our regular weekly segment, |
| 1:11.7 | where we talk about the biggest stories related to the economy, the state of the working class, and the crimes of |
| 1:16.5 | big business. I'm your host, Brian Becker. The Socialist Program brings you content several days |
| 1:22.8 | a week thanks to the support of our patrons at patreon.com forward slash the socialist program. |
| 1:29.8 | We appreciate all of your support and encourage you if you're not yet to become a patron today. |
| 1:35.7 | Richard Wolfe is the co-founder of the organization Democracy at Work and the author of many books, |
| 1:41.0 | the latest being the sickness is the system when capitalism fails |
| 1:45.8 | to save us from pandemics or itself. You can check out all of his work at R-D-Wolf.com. |
| 1:51.7 | That's R-D-W-L-F-F.com. Professor Wolf, welcome back. |
| 1:56.3 | Thank you very much, boy. I'm glad to be here. |
| 1:59.4 | In some ways, Richard, this story is just kind of |
| 2:02.1 | cartoonish, but it goes to a serious issue, and that's why we wanted to talk about it. There's |
| 2:08.3 | kind of celebrity billionaire culture where the working class, the people who can barely make ends |
| 2:14.9 | meet, in many cases can't make ends meet, are told by relentless |
| 2:20.0 | media sort of content about the lives and the status of the people who oppress them as if |
| 2:27.0 | they're supposed to be mesmerized and sort of fantasizing about their wonderful life, as if they're some great contributors to society. |
... |
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