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The Socialist Program with Brian Becker

Capitalism in Crisis: An Absurd & Deadly System

The Socialist Program with Brian Becker

The Socialist Program

Politics, News

4.7587 Ratings

🗓️ 17 February 2021

⏱️ 37 minutes

🧾️ Download transcript

Summary

Brian and Prof. Wolff discuss how deeply dependent big banks and corporations are on government assistance, the rise in speculation on "junk bonds", the organizing drive by workers at an Amazon warehouse in Alabama, and more.

Richard Wolff is the co-founder of the organization Democracy at Work  and the author of many books, the latest being “The System is the Sickness: 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

Amazon workers in Alabama are fighting an important new front in the labor movement, the struggle of low-wage workers.

0:11.4

We need a new system. We need a new society. We need to demand that which may have sounded impossible even a few weeks ago, but is not only realizable, but an imperative necessity.

0:53.0

Thank you. Deepening unemployment, a looming wave of evictions, massive and widening inequality,

0:57.3

there's no denying it. Capitalism is in crisis and capitalism is the crisis. We are excited to have Professor Richard Wolfe join us for our regular

1:04.2

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

1:10.0

working class, and the crimes of big business.

1:13.6

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

1:19.9

The latest being, The Sickness is the System when Capitalism fails to save us from pandemics or itself.

1:27.9

You can check out his work at r d wolf.com.

1:31.0

That's r dw o'lff.com.

1:35.3

Professor Wolfe, welcome back.

1:37.3

Thank you. Very glad to be here.

1:39.6

Thank you for joining us.

1:41.3

Impeachment is over.

1:43.4

That was a full week of the Senate watching videos,

1:48.1

and Donald Trump predictably was acquitted. Usually a show trial is put on by those who are

1:55.3

conducting the trial with the understanding that it will result no matter what in a conviction,

1:59.8

but this was a show trial where the people

2:02.3

organizing the trial knew in advance that there would be an acquittal. So I'm not sure what its impact is on

2:09.1

most people. Of course, the events on January 6th were very, very important. But what we do know for certain

2:16.2

Professor Wolfe is that tens of millions of people are

2:19.8

in crisis. We've talked about that. Low wage workers are fighting back. We're going to talk about

...

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