Capitalism in Crisis: An Even More Shocking Failure
The Socialist Program with Brian Becker
The Socialist Program
4.7 • 587 Ratings
🗓️ 23 December 2020
⏱️ 39 minutes
🧾️ Download transcript
Summary
Professor Richard Wolff dissects the new "stimulus package" and exposes the mind-blowing cruelty and greed of the capitalist class and the political agents in Congress.
Transcript
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| 0:00.0 | 9 million fewer workers are employed today than a year ago. |
| 0:07.4 | Tens of thousands of small businesses are shut. |
| 0:11.8 | State and local governments are planning deep cuts. |
| 0:15.9 | This is a war against America's working class. |
| 0:20.3 | We need a new system. We need a new society. We need to demand that which may have |
| 0:26.3 | sounded impossible even a few weeks ago, but is not only realizable, but an imperative necessity. |
| 0:36.9 | Music Deepening unemployment, a looming wave of evictions, massive and widening inequality. |
| 1:02.0 | There's no denying it. |
| 1:03.4 | Capitalism is in crisis and capitalism is the crisis. |
| 1:08.6 | We are joined again by Professor Richard Wolfe. He talks to us every week in this |
| 1:13.3 | weekly segment where we talk about the biggest stories related to the economy, the state of |
| 1:18.2 | the working class, and the crimes of big business. And we'll talk about how the economy can be |
| 1:24.5 | reconstituted on a new basis so that the needs of the people and the planet |
| 1:29.8 | come first. Richard Wolfe is the co-founder of the organization Democracy at Work. He's the author |
| 1:36.5 | of many, many books, the latest being, The System is the Sickness, When Capitalism |
| 1:42.3 | fails to save us from pandemics or itself. You can check out his work |
| 1:47.6 | at R-D-Wolf.com. That's R-D-W-O-L-F-F dot com. Professor Wolf, welcome back. |
| 1:56.3 | Thank you very much. Glad to be here. Thank you so much for joining. We want to talk about the stimulus |
| 2:04.1 | package so-called that has now passed both houses of Congress. You know, it's interesting. |
| 2:11.3 | Donald Trump said that he wanted to send $2,000 to every home, but his advisors and aides talked him out of this wild and crazy idea. |
| 2:22.6 | Earlier, Bernie Sanders and AOC, the more progressive liberal or social democratic folks inside of the Senate or inside the House of Representatives had called for $2,000 a month |
| 2:37.1 | to be sent. But finally, when you look at all of the way this allocation is broken down, |
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