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The Socialist Program with Brian Becker

California Flood Victims Abandoned By Capitalist Insurance Companies

The Socialist Program with Brian Becker

The Socialist Program

Politics, News

4.7587 Ratings

🗓️ 7 February 2024

⏱️ 31 minutes

🧾️ Download transcript

Summary

On today's episode Brian and Prof. Richard Wolff discuss the humongous floods in California that have wreaked damage across Southern California. Just 52,400 homes and businesses are projected to be covered by insurance—less than 1% of the more than 7.7 million households in the affected area.


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

An atmospheric river has brought havoc all across California, especially Southern California,

0:09.2

resulting in massive damage to homes and communities. But because of the absurdities of the

0:15.5

capitalist insurance market, a huge number of people are being left to fend for themselves amid this disaster.

0:23.6

We need a new system. We need a new society. We need to demand that which may have sounded

0:29.7

impossible even a few weeks ago, but is not only realizable, but an imperative necessity.

0:40.3

Music realizable but an imperative necessity. We are excited to have Professor Richard Wolfe join us again for our regular weekly segment,

1:02.0

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

1:07.0

and the crimes of big business.

1:09.0

I'm your host, Brian Becker.

1:14.3

The Socialist Program brings you content several days a week.

1:20.8

Thanks to the support of our patrons at patreon.com forward slash the Socialist Program.

1:26.9

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

1:31.5

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

1:32.8

and the author of many books,

1:35.3

the latest being The Sickness is the System,

1:39.8

when capitalism fails to save us from pandemics or itself.

1:43.5

Be sure to check out all of his work at rd-wcom that's r d wOLFf dot com professor wolf welcome back

1:48.2

thank you very much i'm glad to be here and we're very happy to have you professor huge amounts

1:54.9

of rain in atmospheric river in southern california california has suffered from drought for a number of years, but now

2:03.6

huge flooding, 10 inches of rain in a single day. It's a rare level of four of excessive rainfall

2:12.1

risk, and that risk has gone up since Sunday. And the story is a lot of people are going to have a lot

2:20.5

of recovering to do. People are being hurt. Some people have been killed, but massive property damage.

...

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