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How Capitalism Failed During The Pandemic & Where We Go From Here

On this edition of Your Call, we’re speaking with economist Richard Wolff about his latest book, The Sickness is the System: When Capitalism Fails to Save Us from Pandemics or Itself. He argues that in order to address the failures of capitalism, we can’t "return to normal.” He says we must transition toward a new economic system that works for everyone, including workplace democracy. He says we can do better than capitalism. What changes would you like to see?

Guest:

Richard D. Wolff, Professor of Economics Emeritus at UMass Amherst and Visiting Professor at The New School, co-founder of Democracy at Work, host of the Economic Update podcast, and author of many books, including Understanding Marxism,Understanding Socialism, and his latest,The Sickness is the System: When Capitalism Fails to Save Us from Pandemics or Itself

Web Resources: 

Salon, Matthew Rozsa: Economist Richard Wolff: Capitalism is the reason COVID-19 is ravaging America

Human Rights Watch, Brian Root: United States: Pandemic Impact on People in Poverty

The New York Times, Jeanna Smialek: Why Top Economists Are Citing A Higher-Than-Reported Jobless Rate

CNBC, Greg Iacurci: Elizabeth Warren, Bernie Sanders propose 3% wealth tax on billionaires

https://www.youtube.com/watch?v=nS1Kn1DC8hg

Rose Aguilar has been the host of Your Call since 2006. She became a regular Friday media roundtable guest in 2001.