A recent study is shining new light or purportedly intends to do so on just how fragile the U.S. financial

system really is.

As Silicon Valley Bank fell apart almost overnight, the ensuing panic threatened to engulf

wide swaths of the economy. The new research

conducted by economists commissioned by the New York Times suggests that regional banks that massive

sections of the country depend on were, in fact, on the verge of collapse in those crucial days.

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 are 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.

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 if you enjoy listening to this show. We can do this show

with you, but not without you. Richard Wolfe is the co-founder

of the organization Democracy at Work. He's the author of many books, the latest being the sickness

is the system when capitalism fails to save us from pandemics or itself. Be sure to check out

all of his work at R-D-Wolf.com. That's R-D-W-O-L-F-F.com.

Professor Wolf, welcome back.

Thank you, Ryan.

Glad to be here.

Well, we're so happy to have you again, Professor Wolf.

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