Inflation is Class Warfare
The Socialist Program with Brian Becker
The Socialist Program
4.7 • 587 Ratings
🗓️ 17 November 2021
⏱️ 29 minutes
🧾️ Download transcript
Summary
On today's episode Brian and Prof. Richard Wolff discuss the steepest rise in prices in the last 30 years, which has set off alarm bells and handed politicians like Joe Manchin a convenient excuse to deepen their opposition to pro-worker social programs. Where does inflation come from in a capitalist economy? What effect does it have on the working class and on the capitalist class?
Professor Richard Wolff is an author & co-founder of the organization Democracy at Work. You can check out his work at rdwolff.com.
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Transcript
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| 0:00.0 | Last month's inflation report showed the steepest rise in prices in the last 30 years, setting |
| 0:09.2 | off alarm bells and handing politicians like Joe Manchin a convenient excuse to deepen their |
| 0:16.2 | opposition to pro-worker social programs. |
| 0:22.5 | We need a new system. |
| 0:24.3 | We need a new society. |
| 0:27.7 | We need to demand that which may have sounded impossible even a few weeks ago, |
| 0:29.5 | but is not only realizable, but an imperative necessity. |
| 0:37.3 | Music Deepening unemployment, a looming wave of evictions, massive and widening inequality. |
| 1:02.0 | There's no denying it. |
| 1:04.0 | Capitalism is in crisis and capitalism is the crisis. |
| 1:08.0 | We are excited to have Professor Richard Wolfe join us again for our regular weekly |
| 1:12.7 | segment where we talk about the biggest stories related to the economy, the state of the |
| 1:17.7 | working class, and the crimes of big business. I'm your host, Brian Becker. The Socialist |
| 1:23.6 | program brings you content three days a week thanks to the support of our patrons at patreon.com |
| 1:29.8 | 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. |
| 1:40.2 | Richard Wolf 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, |
| 1:48.0 | when capitalism fails to save us from pandemics or itself. |
| 1:53.0 | And there is a new hard copy edition of Professor Wolfe's book, Understanding Marxism, |
| 1:59.0 | which has just been released, which features a new lengthy introduction, |
| 2:04.2 | which strengthens the case for why Marxism is worth understanding. You can check out all of his |
| 2:09.5 | work at R.D.Wolf.com. That's R.D.W.F.F. Professor Wolf, welcome back. Thank you, Brian. |
| 2:18.2 | Glad to be here. |
... |
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