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The Socialist Program with Brian Becker

Capitalism in Crisis: Addiction as a Business Model -- Capitalism Kills!

The Socialist Program with Brian Becker

The Socialist Program

Politics, News

4.7587 Ratings

🗓️ 21 April 2021

⏱️ 34 minutes

🧾️ Download transcript

Summary

Brian and Prof. Wolff discuss how the tobacco industry built an extremely profitable business model based on addiction, and what they're doing to try to keep it going.

Richard Wolff is the co-founder of the organization Democracy at Work and the author of many books, the latest being “The Sickness is the System: When Capitalism Fails to Save Us from Pandemics or Itself”. You can check out his work at rdwolff.com

Transcript

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0:00.0

A product you can't help but buy, a business model based on addiction.

0:07.7

It might be a public health nightmare, but it was a dream come true for at least one part of

0:13.6

the capitalist class.

0:15.3

And the tobacco industry is going all out to defend it.

0:20.2

We need a new system. We need a new system.

0:22.6

We need a new society.

0:24.6

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

0:28.6

but is not only realizable, but an imperative necessity. Deepening unemployment, a looming wave of evictions, massive and widening inequality, there's no denying it.

1:02.4

Capitalism is in crisis and capitalism is the crisis.

1:08.0

We are excited to have Professor Richard Wolfe join us again for our regular weekly

1:12.1

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

1:17.0

working class, and the crimes of big business. The Socialist Program brings you content three

1:22.8

days a week thanks to the support of our patrons at patreon.com forward slash the socialist program.

1:30.3

We appreciate all of your support and encourage you to become a patron today if you enjoy listening to the show.

1:37.5

Richard Wolfe is the co-founder of the Organization Democracy at Work and the author of many books.

1:43.2

The latest being The Sickness is the System

1:45.7

when capitalism fails to save us from pandemics or itself. You can check out his work at

1:52.3

R-D-Wolf.com and that's R-D-W-O-L-F dot com. Professor Wolf, welcome to the show.

1:59.9

Thank you, glad to be here. Thank you so much. Well, I mentioned

2:04.3

in the introduction or alluded to, of course, nicotine in cigarettes, and the Biden administration

2:10.4

is considering requiring tobacco companies to lower the nicotine in all cigarettes sold in the U.S.

2:17.1

to levels at which they are no longer

...

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