At the very moment that signs suggest that the U.S. economy is headed for a slowdown,

the Federal Reserve is poised to begin raising interest rates that will slow the economy further.

Are we headed towards a new era of stagflation that cursed the U.S. economy in the 1970s?

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. Deepening unemployment, a looming wave of evictions, massive and widening inequality. There's no denying it. Capitalism is in crisis and capitalism is the crisis.

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 three 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 to become a

patron today if you enjoy listening to this show.

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

He's the author of many books.

The latest being the sickness is the system when capitalism fails to save us from pandemics or itself.

There is also a new hard copy edition of Professor Wolfe's book, Understanding Marxism,

which has been released recently.

It features a new, lengthy introduction, strengthening the case for why Marxism is worth

understanding.

You can check out all of his work at

R.D.Wolf.com. That's R.D.W.O.F.F.com. Professor Wolf, welcome back. Thank you, Brian.

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