A new push is underway to pressure financial institutions in the global south to enforce sanctions against Russia.

Having failed to quickly crush the Russian economy, U.S. officials are now intensifying their focus on banks outside of the West

and a campaign to force them to enforce sanctions imposed not by their own governments, but by Washington.

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.

Thank you. imperative necessity. 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 Smolary, filling in for Brian Becker. The Socialist Program brings new content several days a week thanks to the support of big business. I'm Walter Smolerick, filling in for Brian Becker.

The Socialist Program brings new content several 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. 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 all of his

work at R.D.

Wolf.com.

Well, Professor Wolf,

let's spend today's episode talking about sanctions.

There's a very interesting illuminating article in the Wall Street Journal. It's titled

Russia's backdoor to the global banking system is slamming shut. It's kind of a triumphalist

headline, but essentially this article is about, well. It's kind of a triumphalist headline, but essentially, this article

is about, well, essentially, to sort of give the whole context, you know, the fact that the United

...