Soaring Rents Lead to New Housing Crisis
The Socialist Program with Brian Becker
The Socialist Program
4.7 • 587 Ratings
🗓️ 14 July 2021
⏱️ 34 minutes
🧾️ Download transcript
Summary
Brian Becker and Prof. Richard Wolff continue a discussion on the Marxist understanding of the housing market, today focusing on the system of rent and the current crisis resulting from soaring rents. Today's episode is also part of a series of discussions about the basics of Marxism — a method for understanding and changing the world used by many of the great revolutionaries of modern history.
Richard Wolff 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 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 continue a series of discussions about the basics of Marxism, a method for understanding |
| 0:07.5 | and changing the world used by many of the great organizers, activists, and revolutionaries |
| 0:13.1 | in modern history. We'll continue last week's discussion on the Marxist understanding of the real |
| 0:19.7 | estate or housing market, this week focusing on the |
| 0:23.4 | skyrocketing cost of rent and the great hardships this imposes on workers throughout the United |
| 0:29.8 | States. |
| 0:31.5 | We need a new system. |
| 0:33.6 | We need a new society. |
| 0:35.5 | We need to demand that which may have sounded impossible even a few weeks ago, |
| 0:40.3 | but is not only realizable, but an imperative necessity. Deepening unemployment, a looming wave of evictions, massive and widening inequality. |
| 1:12.7 | There's no denying it. |
| 1:14.5 | Capitalism is in crisis and capitalism is the crisis. |
| 1:19.0 | We are excited to be joined once again by Professor Richard Wolfe. |
| 1:22.5 | He talks to us every Wednesday in this weekly segment where we talk about the biggest stories |
| 1:28.3 | related to the economy, the state of the working class, and the crimes of big business. |
| 1:33.9 | I'm your host, Brian Becker. The Socialist Program brings you content three days a week |
| 1:39.0 | thanks to the support of our patrons at patreon.com forward slash the socialist program. We appreciate all of your support |
| 1:47.3 | and encourage you to become a patron today if you enjoy listening to this show. |
| 1:53.3 | Richard Wolfe is the co-founder of the organization Democracy at Work. He's the author of many |
| 1:58.7 | books, the latest being The Sickness is the System when |
| 2:02.3 | Capitalism Fails to Save Us from Pandemics or itself. You can check out his work at |
| 2:08.6 | R-D-Wolf.com. That's R-D-W-L-F-F.com. Professor Wolf, welcome back. Thank you. Glad to be here. |
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