Trump's 'Solution' to Inflation Is No Solution
The Socialist Program with Brian Becker
The Socialist Program
4.7 • 587 Ratings
🗓️ 28 February 2024
⏱️ 28 minutes
🧾️ Download transcript
Summary
On today's episode Brian and Prof. Richard Wolff discuss Trump's approach to inflation...and why blaming immigrants and other countries doesn't work.
Professor Richard Wolff is an author & co-founder of the organization Democracy at Work. You can find his work at rdwolff.com.
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Transcript
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| 0:00.0 | Republican candidate Donald Trump hopes to take advantage of the ravage of inflation that's impacting working class families on his hoped for ride to the White House for a second term. |
| 0:14.0 | But what effect would his proposals actually have on working people's ability to afford the basic goods and services we actually rely on. |
| 0:24.6 | We need a new system. We need a new society. We need to demand that which may have sounded |
| 0:31.5 | impossible even a few weeks ago, but is not only realizable, but an imperative necessity. We are excited to have Professor Richard Wolf join us again for our regular weekly segment, |
| 1:05.7 | where we talk about the biggest stories related to the economy, the state, of the working class, and the crimes |
| 1:11.5 | of big business? I'm your host, Brian Becker. The Socialist Program brings you content |
| 1:17.0 | several days a week thanks to the support of our patrons at patreon.com forward slash the Socialist |
| 1:23.9 | Program. We appreciate all of your support and encourage you if you're not yet to |
| 1:28.6 | become a patron today. Richard Wolfe is the co-founder of the organization Democracy at Work. He's |
| 1:34.4 | the author of many books. The latest being, The Sickness is the System when capitalism fails |
| 1:40.2 | to save us from pandemics or itself. You can check out all of his work at R.D.Wolf.com. That's |
| 1:46.7 | R-D-W-O-L-F-F.com. Professor Wolf, welcome back. Thank you, Brian. Glad to be here. |
| 1:54.1 | Thank you. Richard, yesterday in the New York Times, the headline of an article was called |
| 2:00.0 | Trump and Infl inflation. The former |
| 2:03.3 | president's second term agenda contains few policies that economists believe would reduce the rise |
| 2:09.0 | in prices. Now, that's the subhead. Now, Richard, you and I have been talking about the Biden |
| 2:14.9 | administration, and of course, Biden is at the helm of the capitalist government. We've been talking about the Biden administration, and of course, Biden is at the helm of the capitalist |
| 2:19.3 | government. We've been talking about inflation. Anyway, we've been hitting on Joe Biden quite a bit. |
| 2:26.2 | Let's take a break and hit on Donald Trump, because what Donald Trump is offering up is as much |
| 2:33.7 | of a fantasy and really ridiculous. And if anything, especially |
| 2:38.1 | his policies and positions on tariffs towards other countries, in particular China, the impact |
| 2:45.0 | will actually be higher prices. But that said, the impact of any president is quite limited when it comes to actual prices |
... |
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