The global banking crisis continues to deepen as the meltdown at Credit Suisse compounds

fears of an all-out financial crisis.

Central banks and other government entities are stepping in to provide massive infusions

of money to stabilize world capitalism.

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 three days a week. Only 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.

Be sure to check out all of his work at R.D.Wolf.com.

Richard Wolf, welcome back.

Thank you, Brian. Glad to be here.

Thank you so much for joining.

You know, Richard, one of the problems when we encounter these now routine bank meltdowns

or capitalist economic crisis is that when you try to understand,

when I say you, I don't mean you, Richard Wolfe, the economist, I'm talking about us,

we, the people, everybody else who's not either a trained economist or somebody who is

...