Economic Update: The Pandemic's Lesson About Capitalism

[S10 E25] The Pandemic's Lesson About Capitalism

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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.

Read the full episode transcript here: https://www.democracyatwork.info/eu_pandemic_lesson
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Learn more about Prof Wolff's new book, "The Sickness is the System: When Capitalism Fails to Save Us from Pandemics or Itself" released in September 2020. Available as a paperback now!
www.democracyatwork.info/books

"Richard Wolff in his new book examines frightening and anti-democratic configurations of corporate power, offering not only a blueprint for how we got here, but a plan for how we will rescue ourselves and create new models of economic and political justice.” - Chris Hedges

Check out Prof. Wolff's other books "Understanding Socialism" and "Understanding Marxism"
http://www.lulu.com/spotlight/democracyatwork
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Видео Economic Update: The Pandemic's Lesson About Capitalism канала Democracy At Work