Wolff Responds: How 'Progressive' Biden's Economic Team is Not

Prof Wolff comments on some of the selections of Biden's cabinet that are being labeled as "progressive," specifically Janet Yellen, Jared Bernstein, and Heather Boushey. He says they know something about the fundamental problems and flaws of American capitalism, but are ideologically blinded to the solution. He says they are good people, well-intentioned, but they long ago accepted the rules of what can and cannot be said, what can and cannot be done policy wise, and they love being "realistic." He believes their policies will take some of the edge off of the many painful aspects of capitalism, but will not address root causes. "If you want to do something about burgeoning inequality, don't nip around at the edges."

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