Democracy is an illusion! It’s become a political system fostered by the élite, for the élite, in order to fool the people that they have a stake in the system. In actual fact, they have virtually none. The whole political system in the modern era, despite having noble beginnings, is now used to benefit the few at the expense of the many. – Mark Alexander, June 29, 2018
Wednesday, 18 March 2020
Richard Wolff: This Is Like Nothing Ever Experienced
Investors are finally showing signs of buying into the Federal Reserve’s desperate bid to rescue Wall Street. Economist and founder of Democracy at Work Prof. Richard Wolff joins Rick Sanchez to discuss the Trump administration’s enormous stimulus package and whether it can resolve the current financial crisis. He argues that “we are in a situation for which no precedent exists.” He also points out that we are seeing the economic results of failing to prepare for the COVID-19 coronavirus pandemic.
