With the presidential election just about one week away, we're going to talk today about the economic policies of Donald Trump and Kamala Harris.

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. We are excited to have Professor Richard Wolfe join us again for our regular weekly segment,

where we talk about the biggest stories related

to the economy, the state of the working class, and the crimes of big business. I'm your host,

Brian Becker. The Socialist Program brings you content several days a week. Thanks to the support

of our patrons at patreon.com forward slash the socialist program.

We appreciate all of your support and encourage you if you're not yet to become a patron today.

Richard Wolfe is the co-founder of the organization Democracy at Work.

He's the author of many books, including Understanding Capitalism, which is now available at

Democracy at Work.Info, Professor Wolfe,

welcome back.

Thank you very much, Brian. Glad to be here.

Richard, the Democrats have won the popular vote in every election since 1992, with the exception

of John Kerry's defeat in 2004 to George W. Bush.

So seven out of the last eight elections. In 1992, when they broke a 12-year winning streak,

that was Ronald Reagan twice and then George H.W. Bush.

The Clinton campaign argued that the main issue for the electorate at that time was the economy.

In fact, they coined a new sort of slogan that made it into popular vernacular called, It's the economy, stupid, meaning all the issues that are relevant in an election campaign

took backseat to the question of the economy. Now, a year ago, Richard, as we've discussed

many times on this show, the inflation rate was going up almost in double digits. It was like

9%. That's high. I mean,

...