Monday, April 12, 2021

The winners of 2020 - Richard Wolff [Global Capitalism]


This is a clip from the March 2021 Global Capitalism lecture by Richard D. Wolff in which he discusses the winners of 2020, who accumulated astounding levels of wealth while millions of Americans suffered through economic hardship due to the Covid-19 pandemic and economic crash. "We may “all be in this together” but they didn't hear about that memo, did they? The billionaires got richer to the tune of almost $1 trillion dollars while 20 million people are on unemployment insurance, using up their savings, leaning on their family and friends for the loans to keep them going saying goodbye to the American dream." - Richard Wolff This lecture was titled "March 2020-March 2021: Covid and the Crash" and featured an analysis of the last year of pandemic and economic crisis. Professor Wolff also gave short updates on: who lost what; who gained what; where is the US economy headed now; and lastly, political fallout: revisiting the January 6 DC assault. Read a summary of highlights and quotes from this month's lecture: Watch the full lecture: ______________________________________________________________________________________ We make it a point to provide the show free of ads. Please consider supporting our work. Become a GCLEU patron on Patreon: Become a monthly donor via our website: _______________________________________________________________________________________ Learn more about Prof Wolff's NEW BOOK, "The Sickness is the System: When Capitalism Fails to Save Us from Pandemics or Itself." Now also available as an eBook! “In this compelling set of essays, and with his signature clarity, intensity, accessibility and deference to historical and present perspective, Wolff has issued not just a stark warning, but concrete reasoning, as to why this time really should be different.” Nomi Prins, geopolitical financial expert and investigative journalist, author Check out Prof. Wolff's other books "Understanding Socialism" and "Understanding Marxism" _________________________________________________________________________________________ Want to help us translate and transcribe our videos? Learn about joining our translation team: Jump right in: Follow us ONLINE: Patreon: Websites: Facebook: Twitter: Instagram: Subscribe to our podcast: Shop our Store: