Today we discuss one of the key ways that the biggest capitalist enterprises receive huge government

assistance, quantitative easing.

This policy carried out by central banks has been the subject of major debate in recent

weeks.

What is quantitative easing?

And is it going away anytime soon?

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 are very excited to have Professor Richard Wolfe join us for a regular weekly segment

where we discuss the biggest stories relating to the economy, the state of the working

class, and the crimes of big business.

I'm Walter Smolerick, filling in this week for Brian Becker.

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. The The Socialist Program brings you content three days a week thanks to the support of our patrons at patreon.com slash the Socialist Program.

We appreciate all of your support and encourage you to become a patron today if you enjoy listening to the show. Richard Wolfe 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 that and all of his work at r d wolf.com. Professor Wolfe, let's just start with the basics.

What is quantitative easing? I mean, it sounds like a very technical, complicated word. Break it down for us, if you would.

Well, let me pick up with what you just said, because it's actually an important part of this

...