Richard Wolff joins Radio Sputnik to discuss the 1.9 trillion dollar COVID-relief package, and gives our hosts his idea of what would be necessary to address both proximate and structural problems in the US economy. Also, Dr. Wolff critiques the economic response to the economic fallout from the pandemic.
"Notice please, that almost everything that is in this bill is a temporary support. That's why the word 'rescue' is appropriate... I appreciate the help and the relief that there will be, but none of this changes the basic structure of the American economy and that's the biggest problem: not even the virus, not even the crash. It's a system that isn't working, not a lack of resources."
Listen to this segment on Radio Sputnik (it begins at 17:10).
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