[S10 E16] Virus Triggers Capitalist Crash
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Today’s episode features an analysis (part 1) of how, why capitalism – especially in US – failed to prepare for or cope with a virus thereby enabling it to trigger another crash of capitalism (third this century: dot.com in 2000, sub-prime mortgage in 2008). In part 2, Prof. Wolff provides an analysis of how to respond to crash better than the US govt by emphasizing re-employment in millions of new jobs rather than unemployment, emphasizing worker-coops, etc.
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Prof. Wolff’s latest book “Understanding Socialism”
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