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. 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.

Thank you. We are very excited to have Professor Richard Wolfe join us for a regular weekly segment where we discuss the biggest stories related to the economy, the state of the working class, and the crimes of big

business. We'll talk about the economy, how it could be reconstituted and reorganized on a new

basis so that the needs of the people and the planet

come before profit. Richard Wolfe 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.

Be sure to check out his work at R.D. Wolf, that's WOLFF.com.

R.D.Wolf.com.

Professor Wolf, welcome back.

Glad to be here.

Thank you for joining.

Yesterday, the Biden transition team unveiled a

economic recovery message. At the same time, a group of bipartisan Republican and Democratic

lawmakers unveiled a stimulus proposal hoping to break the stalemate.

Now, here we have it that the Congress has been able to do, well, absolutely nothing in the

recent months prior to the election.

But here's some of what they said yesterday.

A bipartisan group of senators unveiled a $900 billion compromise stimulus proposal meant to break the stalemate in Congress over delivering additional economic relief to Americans suffering from the impact of the coronavirus pandemic.

The proposal spearheaded by

...