What is Capitalism's New “Normal”? (w/ Richard Wolff)

Can the US come up with a sensible strategy to re-build the country? Are we badly prepared? Is Capitalism able to come up with a new normal? Richard Wolff Says no!

There are so many uncertainties that it is impossible to tell what will come next?

Professor Richard Wolff joined Thom to talk about economic crises we have seen this century and what may happen after the current disaster.

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[Max-rpft]

I’m a simple man. I see professor wolff, I watch the video, I learn. Thank you Thom and Dr. Wolff!

[lyni]

Professor Wolff is everywhere lately! I really enjoy listening to him.

[steveflor]

Fixing the prime interest at 0% for more than 10 years did two things:

1. Discourages saving money.
Why save money? Pays nothing
2. Puts pressure to buy goods and
services. Why leave money in a
bank where it will devalue?

No individual savings, only indebtedness... then, the virus.

[eleanormattice]

We need a new, sustainable economy that works for the common man, not just the uber rich.

[gc-l.a.]

It should be required, under government regulatory guidelines, that major corporations build up their retained earnings in order to survive economic conditions such as this pandemic. A certain percentage of their profit should go to retained earnings. Apple and Berkshire Hathaway are two companies that have substantial retained earnings.

[daveclarke]

The system is broken...change is needed!

[tomeubank]

"Getting back to work" is nothing more than a rhetorical device to justify punishing the unemployed and the states that sustain social isolation. Meanwhile, corporate raiders have scaled up their game to load up federal, state, and local governments with debt before they jump ship.

[rogerhull]

The government showered money on airlines, cruise lines, etc., and other businesses that didn't need the money b Thom Hartman said they could have paid each household $34, 000 with the same amount, which would have stimulated the economy and helped the people.

[gc-l.a.]

There must be government regulations in all sectors of the economy to remove as much greed from the system as possible. Greed causes the spike up in the economic growth curve, and then ultimately the downward crash that looks like falling off of a cliff. Removing greed from the system will give us a growth line over a longer period of time, and without the spike upward.

[utistudent]

This insane house of cards is bound to fall. The question is what will be the result of the rebuild?

[ludmilaivanova]

Unfortunately, there are not many people who understand what the professor says.They try to find someone who is to blame.

[mildredmartinez]

I hve a question I hope that Professor Wolff would clarify. If most people are like me, why don't we get clear answers? Certainly there are enough journalists to ask questions. Enough media to inform the people of what is really happening. Enough people to analyze the problem and get honest answers. Please have him on your show again.

[michaelmappin]

Over 17, 000 views, but only nine hundred likes? 15 people gave a thumbs down? Why? So weird.

[uwemaa]

Everything he says sounds logical and convincing

[michealklee]

❤️❤️❤️❤️🇺🇸✊🏻the truth the unions always told you this

[rogerhull]

Stop the Republiscams and Republiscums.

[ttmallard]

My parents began a community hospital, this bug is a lab rat, sailors on the T.Roosevelt never got symptoms, over 600 of them test positive so they all sickened near the same incubation time.

Ships HVAC are notorious for harboring microbes, it lasted 17days on the cruise ship, 3days on surfaces normal.

None of this maps to SARS-Co-2 well, zoo tigers already infected ... how about pets, they'd likely cause reinfections?

Too many nuances seem able to be spliced in or discovered & used in a lab, factory meats hardly safer than wild.

The researcher of the 3 species shows A became minor in Wuhan, B became major & exported, C outside the original outbreak & the genomes unavailable so far.

Your turn to roll ... 🎲 🎲

[bullbear]

Professor wolf is absolutely right I just did a little video on how sick the system is the results are predictable the system is not sustainable therefore it will not be sustained

[marleyjanim]

The unemployed should be allowed to switch position with the essential workers then rotate monthly....

What say you

[marchurlbert]

We should have a cushion set aside to get us through hard times. We don't. The corporate oligarchs have stolen it.