Capitalism in Crisis: Declining U.S. Capitalism Declares Economic War Against Germany
The Socialist Program with Brian Becker
The Socialist Program
4.7 • 587 Ratings
🗓️ 28 April 2021
⏱️ 43 minutes
🧾️ Download transcript
Summary
Brian and Prof. Wolff discuss the latest efforts by the Biden administration to put severe economic pressure on Germany to back out of the Nord Stream 2 pipeline, an infrastructure project that would deliver Russian gas to the European market competing with big U.S. oil and gas monopolies.
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 | Capitalists in the restaurant industry have gotten very, very rich off a business model based on the ruthless exploitation of workers. |
| 0:11.6 | Is it any wonder now, after all the abuses that took place over the course of the pandemic, that workers prefer to find jobs elsewhere? |
| 0:21.7 | We need a new system. We need a new system. |
| 0:23.9 | We need a new society. |
| 0:25.8 | We need to demand that which may have sounded impossible |
| 0:28.6 | even a few weeks ago, |
| 0:30.1 | but is not only realizable, but an imperative necessity. |
| 1:04.0 | We need to... imperative necessity. Deepening unemployment, a looming wave of evictions, massive and widening inequality, there's no denying it. Capitalism is in crisis and capitalism is the crisis. |
| 1:09.0 | We are very excited to have Professor Richard Wolfe join us again for |
| 1:12.5 | our regular weekly segment where we talk about the biggest stories related to the economy, |
| 1:17.9 | the state of the working class, and the crimes of big business. The Socialist Program brings you |
| 1:24.0 | content three days a week thanks to the support of our patrons at patreon.com |
| 1:29.4 | forward slash the socialist program. We appreciate all of your support and encourage you to become |
| 1:35.1 | a patron today. If you rely on this show, if you enjoy listening to the show, please show |
| 1:41.0 | your support. Richard Wolfe is the co-founder of the organization, Democracy at Work. |
| 1:46.5 | He is the author of many books. |
| 1:48.1 | The latest being The Sickness is the System when Capitalism Fails to Save Us |
| 1:53.4 | from Pandemics or itself. |
| 1:55.8 | You can check out his work at R-D-Wolf.com. |
| 1:58.9 | That's R-D-W-O-L-OLFf.com professor wolf welcome back thank you glad to be here thank you |
| 2:06.7 | for joining once again this is an article in the wall street journal about restaurant workers |
| 2:13.1 | while they're in high demand right now because a lot of them don't want to come back to work |
... |
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