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The Socialist Program with Brian Becker

Secrets of the Ultra-Rich Exposed: Global Network of Tax Havens Cater to the Capitalists

The Socialist Program with Brian Becker

The Socialist Program

Politics, News

4.7587 Ratings

🗓️ 20 October 2021

⏱️ 33 minutes

🧾️ Download transcript

Summary

On today's episode Brian and Prof. Richard Wolff discuss the Pandora Papers -- the massive leak of financial information exposing how the rich and powerful hide their assets in tax havens around the world. How does this institutionalized system of tax evasion function? What does this tell us about how the capitalist system works?

Professor Richard Wolff is an author & co-founder of the organization Democracy at Work. You can check out his work at rdwolff.com.

Please make an urgently-needed contribution to The Socialist Program by joining our Patreon community at patreon.com/thesocialistprogram. We rely on the generous support of our listeners to keep bringing you consistent, high-quality shows. All Patreon donors of $5 a month or more are invited to join the monthly Q&A seminar with Brian.

Transcript

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0:00.0

Today we discuss the Pandora papers, the massive leak of financial information,

0:07.0

exposing how the rich and powerful, or at least some of them, hide their assets and tax havens

0:13.0

around the world.

0:14.4

How does this institutionalized system of tax evasion function?

0:19.0

What does this tell us about how the capitalist system actually

0:22.8

works? We need a new system. We need a new society. We need to demand that which may have sounded

0:30.6

impossible even a few weeks ago, but is not only realizable, but an imperative necessity.

1:07.2

Thank you. but is not only realizable, but an imperative necessity. Deepening unemployment, a looming wave of evictions, massive and widening inequality, there's no denying it.

1:13.9

Capitalism is in crisis and capitalism is the crisis. We are excited to have Professor Richard Wolfe join us again for our regular weekly segment where we talk about the

1:19.0

biggest stories related to the economy, the state of the working class, and the crimes of big

1:24.2

business. I'm your host, Brian Becker. The Socialist Program brings you content

1:29.4

three days a week thanks to the support of our patrons at patreon.com forward slash the Socialist

1:37.0

Program. We appreciate all of your support and encourage you to become a patron today if you

1:42.9

enjoy listening to this show.

1:45.2

Richard Wolfe is the co-founder of the organization Democracy at Work, and he's the author

1:50.5

of many books, the latest being the sickness is the system when capitalism fails to save

1:55.7

us from pandemics or itself. And a new hard copy edition of Professor Wolfe's book,

2:04.2

Understanding Marxism has just been released,

2:07.8

which features a new, lengthy introduction,

2:11.2

which strengthens the case for why Marxism is worth understanding.

2:16.3

You can check out all of his work at R.D.Wolf.com. That's R.D.W.O.F.F.com.

2:23.3

Richard Wolfe, welcome back. Thank you. Glad to be here.

...

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