Economic Update: Crosscurrents of US Politics

[S12 E24] Crosscurrents of US Politics

In this week's show, Prof. Wolff talks about the effect of Ukraine sanctions on inflation, Musk as economic dictator, Idaho progressives’ impressive gains, and offers a practical response to shootings. In the second half of the show, Wolff interviews media host Krystal Ball on US politics.

A special thank you to our devoted EU Patreon community whose contributions make this show possible each week.
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About our Guest: Krystal Ball is co-host of Breaking Points with Krystal and Saagar and co-host of Krystal Kyle & Friends. She’s author of the best-selling book The Populist’s Guide to 2020 and a former host of The Cycle on MSNBC. In 2010 she was the democratic nominee for Congress in the 1st district of Virginia.

Links: Twitter: @krystalball
Podcast: @breakingpoints
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“Marxism always was the critical shadow of capitalism. Their interactions changed them both. Now Marxism is once again stepping into the light as capitalism shakes from its own excesses and confronts decline.”

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SOURCES FOR SHOW SEGMENTS:

[patm]

The 20 year-long Princeton University research in 2014 revealed/confirmed the US is not a democracy or a republic, it's a corporate-controlled oligarchy which serves the corporations not the people. Much respect to Prof. Wolff and Krystal. Keep up the good fight!

[falcoperegrinus]

Just watched Krystal slap Bill Maher around and now she's on with Richard Wolff... Nice.

[notquitedone]

I think Krystal hit it at the end: the Democratic establishment is paid to throw the game. Somehow, voters need to ditch "the lesser of two evils" sham and grow a third party and back it all the way, against DC duopoly and corporate lobbies.

[egnielson]

Krystal was spot on with all of her answers! Massively impressed!

[Shigawire]

Two bright minds having a very cogent discussion together. Doesn't get better than this.

[mildredmartinez]

Great idea to have this enormously popular broadcaster.

[mildredmartinez]

She had spot on answers to the questions. I think she has a great future and wish her all the luck.

[Ninthtail]

There is no war but class war. Indeed.

[elainegoad]

Krystal is right about there is no such thing as the "American Dream" for all citizens. I wish the "younger people" wouldn't refer to us "older" people as one unified group because we are a variety. I'm 74 and very progressive in my views and voting.

[mdj]

Great that you had Krystal on!
Loved watching her take down Maher last week-
She knows her stuff 🏆

[vivekmgeorge]

Great analysis by Krystal!! Thank you for thought interview professor Wolff

[vivalaleta]

What an eye opener. You're the first to inform us on how our sanctions have turned around to bite us in the butt.

[craigwilson]

That was excellent Krystal Ball. When you spoke of class war being the basis of our eroding democracy and growing inequality you couldn't have been more correct. You pointed out that behind all the other issues being debated, the most important issue, which is seldom discussed on mainstream media, is class war, the struggle between the haves and the have nots which has been the central struggle of man kind. Human greed has paved the way for the rise of unprecedented political power and unimaginable concentration of wealth among a few select oligarchs, whose self serving motives is iken to that of the mafia and organized crime. Louis D. Brandeis, former Supreme Court Justice during the FDR Administration declared: We.can have democracy in this country or we can have the great concentration if wealth in the hands of a few, but we can't have both."

[iggyignatius]

I am an immigrant from India.
I am concerned about the health care system in the US.
I had a by pass surgery and the bill was much over $100, 000. If I had the same surgery in India or any other country the bill would have been only about $10, 000.
Politicians are talking about how to get money to pay for insurance but no one speaks about reducing the costs just as how other sectors were done.
I know about the health care lobby - but who no one is talking about reducing the costs by out sourcing the health care?

[pinkmoon]

"The CEO is the modern reincarnation of the King" ...it's so true!

[mikeryan]

She hit the nail on the head. The neoliberals number one priority is maintain the status quo, all power and profit goes to their campaign contributors.

[jeffreywillstewart]

I love Prof. Wolff. Nice chat with Krystal. Thank you.

[mikeobrien]

Spot on about Elon Musk. He cruelly exploits his factory workers. 12 hour days doing repetitive tasks leading to hand injuries.

[Ashdad]

I think she should run for office again. I think she would appeal to slightly left or even centrist dems. she's intelligent and confident in her zone, and would be compelling to voters.

[grantwalter]

Excellent interviewee, as a paying Breaking Points subscriber.