Transforming Capitalism, Part 2
The Marianne Williamson Podcast
Marianne Williamson
4.8 • 1K Ratings
🗓️ 15 October 2021
⏱️ 27 minutes
🧾️ Download transcript
Summary
Today’s post is Part 2 of the podcast. In Part 1 we discussed what has gone wrong with modern capitalism, and in Part 2 we seek answers as to what it will take to make it right.
Some say, “We need to get rid of capitalism entirely!” Some say, “We need conscious capitalism!” Some say, “We need socialism!” Some - myself among them - say genuine transformation will have less to do with the words we use and more to do with conceptualizing what a fair economy looks like. Transformation is more an evolutionary process than an on-off switch that applies more to theory than to practice.
All of our guests on today’s podcast - Sarah Jaffe, Nina Turner, Richard Wolff, Peter Joseph, Stephanie Kelton, Dan Price, Robert Kuttner, and Marshall Steinbaum - have important views on how to make such transformation occur.
In the words of economist Richard Wolff,
“I think we can save capitalism, if you like, although I'd prefer a different language. Go beyond capitalism. Thank you, capitalism, for what you achieved. You've had your chance. You've done your stuff. You've done a good job in some areas.
But it's time to take yourself seriously so that when you endorsed democracy rhetorically, we now have to bring it home and put it right inside your enterprise. And I believe and I think I can show you that if we really believe in democracy, if we're going to be honestly willing todo that, I think the decisions our businesses will make will be radically different from what we have seen. And that is, I think, our best hope to get beyond the failures of this system, holding on to its achievements, but saying goodbye to the things that have demonstrated now for quite some time, are obstacles to what we know the people as a whole need.”
This is a public episode. If you'd like to discuss this with other subscribers or get access to bonus episodes, visit www.transformarticles.com/subscribe
Transcript
Click on a timestamp to play from that location
| 0:00.0 | I'm Mary Ann Williamson, and welcome to the Transform podcast, where we will examine the forces of chaos that threaten to destroy us and the acts of love that can make the whole thing transform. |
| 0:16.0 | My first question to you is, do you believe that capitalism is so inherently flawed, that it is not possible for it to be salvaged or transformed in such a way as to provide the basic necessities for the majority of people? |
| 0:33.7 | Hi there. My name is Esther. I would say that the American economy is working for me, and I'm very, very grateful. But I think it's completely out of balance and wrong because it's not working for the majority of the people. I just because it works for me does not |
| 0:56.4 | mean it's good hello Mary Ann my name is Marilyn and I am calling from Glenmore |
| 1:05.6 | Pennsylvania capitalism and theory sounds great. |
| 1:12.9 | Work hard and you will do well. |
| 1:16.9 | Unfortunately, in practice, greed takes over. |
| 1:22.9 | Those who do well not only make money, they also become the ones who get to make up the rules. |
| 1:27.3 | Wealth in itself is not a crime, but neither is poverty. |
| 1:28.3 | Somehow people at the top income levels lost their moral center. |
| 1:32.3 | Really interesting new analysis from The Washington Post. |
| 1:35.3 | Let's put this up there on the screen. |
| 1:37.3 | It's called The Billionaire Boom. |
| 1:38.3 | So Elon Musk, Jeff Bezos, Mark Zuckerberg, and six other billionaires made more than $360 billion during the pandemic. |
| 1:47.1 | During that first year of the raging COVID pandemic, it was made very, very clear that the richest |
| 1:53.6 | people in America, people who could have said, okay, guys, this is life and death. This isn't just |
| 1:59.5 | about me making more billions of dollars. |
| 2:01.7 | This is about me showing up, maybe putting to the side all those billions of dollars more that I |
| 2:06.6 | could make off this pandemic, actually coming together to do what we can, to stave off hunger, |
| 2:13.0 | to stave off homelessness, to stave off evictions, to stave off the worst aspects of the suffering of the |
| 2:19.9 | American people during this time. They had that chance. They did not come forward. |
| 2:26.4 | Here's labor reporter Sarah Jaffe. I think there's something really profound in the realization |
... |
Please login to see the full transcript.
Disclaimer: The podcast and artwork embedded on this page are from Marianne Williamson, and are the property of its owner and not affiliated with or endorsed by Tapesearch.
Generated transcripts are the property of Marianne Williamson and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.
Copyright © Tapesearch 2026.