Economist Professor Dr. Richard D. Wolff joins us live to discuss today’s economy, geopolitics, capitalism, and much more.
Dr. Richard D. Wolff speaks!
Politics Done Right Live weekdays @ 3:00 PM Central
Live Calls: (281)823-7747
Dr. Richard D. Wolff pointed out the following:
- Assessment of the Biden Economy: The discussion begins with an assessment of the Biden administration’s economic policies. While acknowledging that Biden is seen as an improvement over Trump in terms of economic management, Dr. Wolff argues that the claim of a healthy economic system is incorrect. He points to issues like food insecurity and rising inequality as evidence of underlying problems.
- Inflation and Profit Motive: The conversation delves into the topic of inflation. Dr. Wolff counters the idea that inflation is solely a result of government actions, explaining that it’s often driven by profit-seeking behavior within the capitalist system. He emphasizes that businesses raise prices when it benefits their profits, not necessarily when it benefits consumers.
- Healthcare Inefficiencies: Dr. Wolff highlights the inefficiencies of the American healthcare system, which is based on a capitalist structure. He argues that the profit motive often leads to decisions that prioritize profitability over the health and well-being of patients, resulting in mediocre healthcare outcomes despite high spending.
- The Evolution of Capitalism: The conversation concludes by touching on the evolution of capitalism as an economic system. Dr. Wolff suggests that capitalism, like other economic systems in history, has a life cycle. He implies that it might be time to consider alternatives or reforms given the challenges and inequalities inherent in the current system.
Podcasts: Politics Done Right | Egberto Off The Record
Live Video: Youtube Live | Facebook Live | Twitter | Twitch
You can get Politics Done Right Mondays through Fridays on Facebook Live at facebook.com/politicsdoneright or on YouTube Live at youtube.com/egbertowillies/join. Please do not forget to follow me on Twitter for updates. My handle is @EgbertoWillies.
If you like what we do, please do the following!
Most Independent Progressive outlets continue to struggle to raise the funds they need to operate, much like the smaller outlets like Politics Done Right.
- SUBSCRIBE to our YouTube Channel here.
- LIKE our Facebook Page here.
- Share our blogs, podcasts, and videos.
- Become a Politics Done Right Subscriber via Patreon here.
- Become a Politics Done Right Subscriber via Facebook here.
- Consider contributing here.
- Please consider supporting our GoFundMe equipment fund here.
