The Biden administration is trumpeting a new piece of environmental and economic legislation

that just passed the Senate in the hopes that it will turn around Democrats' political fortunes,

I mean in the short term.

But this bill called the Inflation Reduction Act falls far short of what's desperately needed

to address the overlapping

crises causing so much suffering for working people in this country.

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. We're excited to have Professor Richard Wolfe join us again for our regular weekly segment where we talk about the biggest stories related to the economy,

the state of the working class, and the crimes of big business. I'm your host, Brian Becker.

The Socialist Program brings you content three days a week. Thanks to the support of our patrons

at patreon.com forward slash the socialist program. We appreciate all of your support and encourage you to

become a patron today. 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 also get a new hard copy edition of Professor Wolfe's book,

Understanding Marxism, which has been released recently.

It features a new lengthy introduction.

You can check out all of his work at R-D-Wolf.com.

That's R-D-W-L-F-F.com. Professor Wolfe, welcome back. Thank you, Brian.

Glad to be here. The Inflation Reduction Act seems like a pale shadow of what the Biden

administration was offering when it came in in January 2021. And it's loaded, shockingly, with corporate perks, perks for equity firms.

It also is loaded with caveats that actually endanger, not help the environment. Let's just

...