Wolff Responds: Capitalism's Awful Solutions to its Crises
December 25, 2020
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6:42Now PlayingWolff Responds: Capitalism's Awful Solutions to its Crises
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as posted by the channelResponding to the statistic from the Pew Research Center survey that 42% of American households report that their income in December of 2020 was lower than before the Covid crisis hit in February and March, Prof Wolff argues that true recovery for the majority of people won’t be possible in a capitalist system. He says the conservative tactic is to shift the cost of getting back on track onto the working class. Liberal alternative isn’t that different, mostly softening the blow to the working class while continuing to leave the private capitalists to decide to revive the economy.
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