Why Capitalism Will Always Fail Us
Economist Richard Wolff’s new book is titled The Sickness is the System: When Capitalism Fails to Save Us from Pandemics or Itself. It lays out the mechanics of why capitalism inevitably produces systemic inequities and market failures despite significant market successes. Wolff’s thesis is powerfully illustrated by the economic struggle and deprivation of the current pandemic as well as recurring cycles of booms and busts that shift even more wealth to the capitalist elite. Ellen talks with Wolff about a better system that is both more equitable and more democratic and why it is increasingly urgent that we move toward it.
Now with video! This It’s Our Money podcast was recorded via Zoom. We will post it shortly on our YouTube channel.