Counterpunch: The future of capitalism in the Age of COVID

Richard Wolff joins Eric Draitser on CounterPunch radio to discuss unemployment, systemic failures, and the future of capitalism in the Age of COVID. Eric and Richard discuss his recent piece “Mass Unemployment Is a Failure of Capitalism” and why unemployment, and all the hardships it causes, is a choice made by capitalists. From there they explore the 2000, 2008, and 2020 crashes as a feature, not a bug, capitalism, and why a redistribution of labor has led to a generation of precarious gig workers and debt-ridden college graduates with little hope of a financial future. And what should the government be doing? Listen to this week’s show to find out.

Listen to this segment on CounterPunch radio.

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Pasqual DiGesu commented 2020-05-28 08:30:57 -0400
If a medically informed response to a pandemic creates economic hardship so serious that the economic impact is more deadly than the virus, you change your sick economic system not your response to the disease. Condemning some to die of a preventable illness so that others don’t die of an engineered system of poverty which grossly enriches a mindless minority of elites is disgusting. Of course they had no choice in the end but to resort to socialism, especially to astronomical levels for themselves, now and in 2008. Are they that lucky to have us THAT ignorant?
Pasqual DiGesu followed this page 2020-05-28 08:29:43 -0400
Liz Phillips published this page in Updates 2020-05-27 13:41:43 -0400

Richard D. Wolff