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The Socialist Program with Brian Becker

Why China Succeeded and the U.S. Failed to Beat COVID

The Socialist Program with Brian Becker

The Socialist Program

Politics, News

4.7587 Ratings

🗓️ 1 December 2021

⏱️ 33 minutes

🧾️ Download transcript

Summary

On today's episode Brian and Prof. Richard Wolff discuss how the Omicron variant is causing panic in global financial markets, with huge stock sell-offs taking place worldwide. What can we learn about how different countries have handled the pandemic, and the radically different outcomes they produced?

Professor Richard  Wolff is an author & co-founder of the organization Democracy at  Work. You can check out his work at rdwolff.com.

Please make an urgently-needed contribution to The Socialist Program by joining our Patreon community at patreon.com/thesocialistprogram. We rely on the generous support of our listeners to keep bringing you consistent, high-quality shows. All Patreon donors of $5 a month or more are invited to join the monthly Q&A seminar with Brian.

Transcript

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0:00.0

The Amacron variant, a new variant of COVID-19, is causing panic in global financial markets,

0:10.0

with huge stock sell-offs taking place worldwide.

0:14.1

Are we standing on the precipice of a new economic downturn as the virus continues to mutate?

0:20.6

And meanwhile, landlords in the United States are stooping so

0:25.2

low as to target the children of adult tenants who they are evicting. We need a new system. We need a new

0:35.1

society. We need to demand that which may have sounded impossible even a few weeks ago, but is widening inequality, there's no denying it.

1:14.6

Capitalism is in crisis and capitalism is the crisis.

1:19.6

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

1:24.6

where we talk about the biggest stories related to the economy, the state

1:28.4

of the working class, and the crimes of big business.

1:32.0

I'm your host, Brian Becker.

1:34.0

The Socialist Program brings you content three days a week thanks to the support of our patrons

1:38.9

at patreon.com forward slash the Socialist Program.

1:43.8

We appreciate all of your support and encourage you to

1:46.7

become a patron today if you enjoy listening to this show. Richard Wolfe is the co-founder

1:52.8

of the organization, Democracy at Work, and the author of many books, the latest being

1:57.0

The Sickness is the System when capitalism fails to save us from pandemics or itself.

2:03.8

And a new hard copy edition of Professor Wolfe's book, Understanding Marxism, has been released,

2:10.2

which features a new lengthy introduction which strengthens the case for why Marxism is worth

2:17.0

understanding. You can check out all of his work at

2:20.2

R-D-Wolf.com. That's R-D-W-O-L-F-F.com. Professor Wolf, welcome back. Thank you, Brian. Glad to be here.

2:30.0

Well, we have a couple stories. I do want to talk about the impact. It's not simply the new

...

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