Richard D. Wolff

Prof. Wolff joins Sean Blackmon and Jacquie Luqman of By Any Means Necessary to discuss why the announcement that the Fed will backstop all US credit markets by guaranteeing to purchase as many US Treasury and mortgage-backed securities as necessary demonstrates the ruling class' main priority yet again is bailing out themselves.

Additionally, Prof Wolff talks about the unsurprising news that lobbyists are shaping the trillion dollar Coronavirus stimulus bill to their industries' advantage, whether the universal basic incomes promised is essentially window dressing to ensure the passage of another corporate bailout, and what the inability of our business elites to make any gesture towards solidarity (like Jack Ma is doing) reflects about the mindset of the US ruling class.