U.S. workers, who for long enjoyed a better life than most workers, are being crushed by class war in the midst of a pandemic, and it will only get worse, economist Rick Wolff tells Chris Hedges.
Chris Hedges interviewed Richard Wolff, professor emeritus of economics at the University of Massachusetts, on his TV program On Contact. We present it here with permission.
Umair Haque is another person who has written a post titled “I don’t want to be Negative but America really is screwed”? I encourage every person to Google the article & view this, as it goes into greater detail & compliments Chris Hedges article here, as it totally nails the what, who & why America’s Collapse is inevitable? The main point of the Article is how America, unlike other Nations, has failed miserably, over many decades, to invest in its own People via investments in Healthcare, Education, Social Services & also big projects such as Infrastructure, Housing etc that are routine initiatives funded from Taxation in other more socially responsible Countries! Citizens in other Countries are more willing to pay higher Taxes in order to pay for these so called Socialist Benefits of collectivism in which everyone shares in the social safety net if needed! In America, this Collectivist system is actively despised, In America it’s Individualism over Collectivism but COVID 19 has exposed the bankrupt philosophy of this Neoliberal Economic Capitalist System of America in its abject failure to confront this Pandemic! Combined with it’s ludicrous Military adventurism & wasting trillions on Wars to supposedly turn the World into a failed State like its own, America is truly screwed! America’s hubris, arrogance & the sheet idiocy of its corrupt Politicians & Banking Elites demonstrates that America is beyond redemption or rehabilitation & it’s collapse is as certain as Night following Day!
The US looked like it was declining badly back in 1997, when I moved to East Asia. The power elite were repeating the mistakes that lots of thitd world elites make. They were wasting their money on prestige projects like wars and allowing infrastructure and education to decline. Nothing has changed, so far as I can see.
Yesss!!! Thank you CN for posting this.
Prof. Wolf and Chris Hedges talking economics – cutting edge discourse right here.
I haven’t heard Chris interview Prof. Michael Hudson in a couple of years. Maybe we could get Wolf and Hudson together for an interview? Or CN could publish an article from Hudson.
This is an excellent interview. Something that they get to the bottom of is how the stock markets are propped up by the Fed and the Treasury, rather than actually helping the 99 percent. In this perfect storm of wealth concentration, we are full speed ahead to third or fourth world status, as it were, and levels of income inequality and sickness and corruption. It’s like BLM really stands for Billionaire Lives Matter!! That’s where most of the attention, money, and help and programs really go to help struggling billionaires keep their money growing and growing, that’s really our priority for government and media and economic sector.
Remember the billionaire Donald Sterling who was enriched by the talents of black lives in the NBA and yet said the following to his mistress – “It bothers me a lot that you want to broadcast that you’re associating with black people”, and, “You can sleep with [black people]. You can bring them in, you can do whatever you want”, but “the little I ask you is … not to bring them to my games”.
That’s what the elites really think of black people as they exploit them for personal gain and more obscene levels of wealth.