Professor Richard Wolff joins Brian Becker and John Kiriakou of Loud & Clear to discuss the biggest economic news of the week, including the United States' response to the coronavirus pandemic.
"[Stockpiling] wasn't profitable to do. Capitalism is a system where businesses do what's profitable because they're punished if they don't, and so we didn't prepare.
So, when we finally realized that this was a crisis, the government, which believes that private enterprise is the beginning and end of all wisdom, therefore cannot in this country, especially with Republicans, and even more especially with Trump, but it cannot get into the economy and say, 'Gee, private capitalism fails to prepare the people for their public health, so we the government are going to compensate for the failure of private capitalism.'
These kinds of words cannot be uttered in this country, and now we're paying the price."
Listen to the full episode below.Listen to "Goodbye Billionaires - Why Amazon Should Become A Public Utility" on Spreaker.