UNREGULATED CAPITALISM
The Hartmann Report
Thom Hartmann
4.5 • 1.3K Ratings
🗓️ 3 April 2020
⏱️ 58 minutes
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Summary
Economics professor, Dr. Richard Wolff joins Thom to discuss why the Coronavirus Crash could be worse than the Great Depression.
A normal person as president would anguish over telling his nation that a quarter million people were going to have to die because he listened to Fox News hosts and spent two months holding rallies and playing golf when he could have been ordering test kits, ventilators and personal protective equipment.
The election, and a new president, cannot come fast enough.
For the Book Club, Thom reads from Richard Wolff's "Understanding Socialism."
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Transcript
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| 0:00.0 | This is the Tom Hartman Program. |
| 0:17.0 | Welcome back, Tom Hartman here with you. |
| 0:18.4 | On the phone with us is Professor Richard Wolf, the economist, co-founder of Democracy at Work. |
| 0:23.4 | Info, author of numerous books, his most recent understanding socialism, his |
| 0:28.6 | website's Democracy at Work. info and R.D wolf with two f's |
| 0:32.6 | dot com you can tweet him at proff wolf PR oh f as in professor wolf |
| 0:37.6 | wol f f f f f f w w o f f w o f w o f w w o f w w w o f f w w w w w o f w w w w w w f f f w w w w w w w w r f f f w w i am very curious to hear your thoughts on where we're at. |
| 0:46.0 | I think last week when we talked, or maybe it was even the week before that, I had said to a |
| 0:50.6 | congressman on this program after the first stimulus was passed, I said it's going to |
| 0:54.4 | take at least 10 trillion to get us out of this hole, to get us through the year. |
| 0:58.5 | You know, we're going to have to basically make up for an economy that's not running. |
| 1:02.1 | We have now 10 million people out of work, you |
| 1:04.6 | know are people's jobs going to be there when they go back? What's America going to |
| 1:07.5 | look like economically a year from now? And banks are warning that Trump's |
| 1:12.1 | small business loan program is headed for a total disaster. |
| 1:15.2 | Your thoughts on these things, sir? |
| 1:17.1 | Well I think that the truth of it is nobody knows and I'm not going to get myself into difficulty with you and your listeners by pretending that I could answer that question. |
| 1:27.5 | There are simply too many variables, number one, and too much is happening too quickly for us to understand. I mean when I saw |
| 1:36.7 | the numbers this week of the increase in people applying for unemployment where we're losing you know I don't know a million people a day or |
| 1:45.6 | or some astronomical number of people basically losing their jobs losing their |
| 1:51.7 | incomes you have to shake your head in dis- jobs losing their incomes. |
| 1:53.2 | You have to shake your head in disbelief. |
... |
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