2020-06-29 15:18:49

Economic Update: The Pandemic's Lesson About Capitalism

On this week's show, Prof. Wolff argues that preparing and coping with the Corona pandemic was inadequate: medical supplies were seriously deficient.

It simply was not profitable for firms to produce or stockpile the supplies. Neo-liberal governments were complicit with private profit capitalists rather than compensating for their inadequacies.

The lesson: many basic social needs are needed, like public health. We cannot, need not, and should not rely on capitalists to meet them. Alternatives are available.

Economic Update with Richard D. Wolff takes complex economic issues and makes them understandable, empowering listeners with information to analyze not only their financial situation but the economy at large. 

By focusing on the economic dimensions of everyday life - wages, jobs, taxes, debts, interest rates, prices, and profits - the program explores alternative ways to organize markets and government policies.

 

Missed an episode? Check out Economic Update on FSTV VOD anytime or visit the show page for the latest clips.

 

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Capitalism Coronavirus Covid Economic Update Free Speech TV Pandemic Richard Wolff United States

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