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The Socialist Program with Brian Becker

Capitalism in Crisis: When "Intellectual Property" Kills the Sick and Poor

The Socialist Program with Brian Becker

The Socialist Program

Politics, News

4.7587 Ratings

🗓️ 5 May 2021

⏱️ 37 minutes

🧾️ Download transcript

Summary

Brian and Prof. Wolff discuss the deadly consequences of  the U.S. government's stubborn refusal so far to waive patents  preventing developing countries from producing their own Coronavirus  vaccines -- all to protect the profits of the big pharmaceutical  corporations.

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

The choice is stark, save lives or save the profits of Big Pharma by protecting their, quote, intellectual property, close quote, over coronavirus vaccines.

0:14.3

Meanwhile, inequality deepens despite the ongoing vaccination drive in the United States.

0:21.0

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

0:23.1

We need a new society.

0:25.0

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

0:29.3

but is not only realizable, but an imperative necessity. Decidity.

1:03.0

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.

1:08.0

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

1:12.8

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

1:17.6

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

1:23.5

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

1:30.0

program. We appreciate all of your support. And we encourage you to become a patron today

1:35.6

if you enjoy listening to this show. Richard Wolfe is the co-founder of the organization

1:41.8

Democracy at Work and the author of many books, the latest

1:45.7

being the sickness is the system when capitalism fails to save us from pandemics or itself.

1:52.2

You can check out his work at R.D.Wolf.com. That's R.D.W.L.F.com. Professor Wolf, welcome

1:59.7

back. Thank you, Brian. Glad to be here. Well, we're very glad to have you.

2:04.6

I was not startled, but certainly, I don't know, I was upset when I opened the Washington Post this

2:11.8

morning. I live in Washington. The lead editorial, the thing that concerns the Washington Post editorial team,

2:20.2

opinion writers, the most, apparently, is that people in developing countries might have access

2:28.2

to the vaccine for COVID if patents, if intellectual property rights are lifted. Here's the editorial headline.

2:38.1

A patent-free people's vaccine, people's vaccine is in quotes for the snark. A patent-free

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