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The Socialist Program with Brian Becker

‘You DON’T Want Lower Prices’? Economist Richard Wolff Rips WaPo Propaganda

The Socialist Program with Brian Becker

The Socialist Program

Politics, News

4.7587 Ratings

🗓️ 3 December 2025

⏱️ 26 minutes

🧾️ Download transcript

Summary

Billionaire Jeff Bezo’s Washington Post published a jaw-dropping article this week with the headline: ‘Why you may not want lower prices as much as you think you do.’ Economist Richard Wolff joins Brian Becker to debunk this claim. 

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

Join the The Socialist Program community at http://www.patreon.com/thesocialistprogram to get exclusive content and help keep this show on the air.

Transcript

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0:00.0

The cost of everyday living is through the roof while wages are stagnant.

0:07.5

But capitalist propaganda outlets, also known as the mainstream media, try to spend a totally

0:14.0

different tale claiming that lower prices, including food prices, are actually bad for us.

0:22.1

We need a new system. We need a new society.

0:26.1

We need to demand that which may have sounded impossible even a few weeks ago,

0:30.3

but is not only realizable, but an imperative necessity.

1:03.0

Thank you. 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,

1:07.5

and the crimes of big business.

1:09.5

I'm your host, Brian Becker. The Socialist Program

1:12.4

brings you content several days a week. Thanks to the support of our patrons at patreon.com

1:18.1

forward slash the socialist program. We appreciate all of your support and encourage you,

1:24.4

if you're not yet, to become a patron today.

1:31.1

Richard Wolfe is the co-founder of the organization Democracy at Work. He's the author of many books, including Understanding Capitalism, which is available at

1:37.0

Democracy at Work. Info. Richard, Professor Wolf, welcome back. There's a lot to talk about here.

1:43.8

I had to talk to you about the Washington Post front page article that said,

1:49.2

why you may not want lower prices as much as you think you do.

1:54.7

I was like, wow, how could they possibly be saying this?

1:59.1

Though Americans might be clamoring for relief on groceries, housing, and energy costs,

2:05.2

economists say there's a bigger downside to falling prices.

2:10.4

Okay, that's one thing, Richard.

2:12.8

There's another thing that I want to throw into the mix here and have you comment on it.

2:18.2

Christine Nome, the Secretary of Homeland Security, has now called for, and there will be an

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