Democracy Now! speak with Marxist economist Richard Wolff about how experts forecast another economic recession in the United States, with inflation at a historic high and a federal minimum wage that hasn’t changed for 13 years. The Federal Reserve's plan to combat rising inflation by raising interest rates delivers a “body blow to a working-class” already suffering from decades of upward wealth redistribution and a pandemic, says Wolff, emeritus professor of economics at the University of Massachusetts Amherst and visiting professor at The New School. His latest book is “The Sickness Is the System: When Capitalism Fails to Save Us from Pandemics or Itself.”
Democracy Now! produces a daily, global, independent news hour hosted by award-winning journalists Amy Goodman and Juan González. Our reporting includes breaking daily news headlines and in-depth interviews with people on the front lines of the world’s most pressing issues.
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