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The Socialist Program with Brian Becker

Billionaire Takes Charge of U.S. Treasury

The Socialist Program with Brian Becker

The Socialist Program

Politics, News

4.7587 Ratings

🗓️ 27 November 2024

⏱️ 35 minutes

🧾️ Download transcript

Summary

On today's episode, Brian and Prof. Richard Wolff discuss Trump's pick for head of Treasury, billionaire and hedge fund manager Scott Bessent, who has promised a “global economic reordering.”


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

Donald Trump's nominee to run the Treasury Department is Scott Bessent.

0:06.3

He is a billionaire hedge fund manager.

0:09.7

We're going to talk about his plans for a, quote, global economic reordering.

0:15.2

Those are his words.

0:16.9

We need a new system.

0:19.0

We need a new society.

0:56.9

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,

1:00.3

where we talk about the biggest stories related to the economy,

1:03.7

the state of the working class, and the crimes of big business.

1:05.7

I'm your host, Brian Becker.

1:09.2

The Socialist Program brings you content several days a week.

1:11.4

Thanks to the support of our patrons at patreon.com forward slash the socialist program. We appreciate all of your support and encourage you

1:18.9

if you're not yet to become a patron today. Richard Wolf is the co-founder of the organization

1:24.2

Democracy at Work. He's the author of many books, including Understanding Capitalism, which is now available

1:31.0

at Democracy at Work.

1:32.9

Dot Info.

1:33.9

Professor Wolfe, welcome back.

1:35.7

Thank you, Brian.

1:36.7

Very glad to be here.

1:38.4

Well, I want to quote a little bit from the Wall Street Journal, Richard.

1:42.4

Scott Besson sees a coming global economic reordering.

1:47.6

He wants to be part of it. Well, I guess it's his plan. That's the headline, an inviting headline.

...

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