Economic Update: The Socialism Issue

[S12 E04] The Socialism Issue

On this week's show, Prof. Wolff talks about the recreation of `company towns' (eg., Kalamzoo, MI) by the richest US capitalists, Biden and the reality of US jobs lost, how and why the US follows UK decline, and rising mass alienation from established political leaders and parties. The second half of the program features a discussion of socialism without Cold War taboos.

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“Marxism always was the critical shadow of capitalism. Their interactions changed them both. Now Marxism is once again stepping into the light as capitalism shakes from its own excesses and confronts decline.”

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SOURCES FOR SHOW SEGMENTS
* Kalamazoo, MI: https://time.com/6110450/kalamazoo-foundation-for-excellence/
* Job losses: https://www.bls.gov/charts/employment-situation/civilian-labor-force-participation-rate.htm
https://www.axios.com/newsletters/axios-thought-bubble-f2a7853c-a057-4cbf-b4b8-ad51fc383bfe.html?chunk=1&utm_term=emshare#story1
* UK joins US in a steadily widening wealth gap: https://www.theguardian.com/money/2022/jan/07/richest-uk-households-worth-at-least-36m-each
https://www.ft.com/content/75134d52-071f-42b6-bef5-ea89b5ff4a0f
* Disapproval of Biden: https://www.youtube.com/watch?v=_AuVDRej7vE&t=104s&ab_channel=FrancAnalysis

Видео Economic Update: The Socialism Issue канала Democracy At Work