Global Capitalism: Live Economic Update Democracy at Work

This is a special post-election Global Capitalism featuring comments from guests Lee Camp, Lee Carter, Laura Flanders, Jessica Gordon-Nembhard, Nomi Prins, and Yanis Varoufakis.

Prof. Wolff presents the following topics: the failures mount: failed preparation for COVID-19; failed containment of COVID-19; failed preparation for 2020 capitalist crash; failed containment of crash’s social effects; failed scapegoating. The social problems explode: systemic racism; State and local budget collapse; unaffordable housing and eviction.

Topics: mass unemployment undercuts US capitalism; Trump vs Biden: neither are solutions, the choice is a symptom of system decline; what old socialist responses to today’s crisis would be; what new socialist solutions to today’s crisis could be. Wolff also covers: why US capitalism has needed racism, and and how it has used it; why US current protests against racism and police violence are so strong.

Prof. Wolff talks about the protests sweeping across the US incited by yet another brutal killing of a Black American, George Floyd. He argues that the capitalist system, with its endless drive for profits over people, is the true culprit and failing Americans. The levels of inequality, massive unemployments, and injustices are symptomatic of a system that is in deep trouble..

Topics: why capitalist enterprises & governments failed to prepare for Corona; private unemployment vs gov’t re-employment; pandemic policies worsen inequality, instability of capitalism; how to do better than capitalism during Corona. In connection with Wolff’s discussion of the main topic above, he covers the following issues: Bubonic plague/feudalism dies; Corona virus/capitalism dies; the pandemic and worker cooperative enterprises.

In connection with Wolff’s discussion of the main topic above, he will also cover the following issues: US in decline turns nationalist, drops old allies, targets China; Europe in decline turns toward China, away from US; UK and Japan: isolated, in greater decline; other nations desperate to survive amid changing alliances; Bloomberg: another billion dollar disaster uses the system; why some mega-corporations are OK with Green New Deal movement