Professor Richard Wolff: This Economy Cannot Survive The Delta Variant

The economy is in a precarious position at the moment. Signs are pointing to possible runaway inflation. The GOP is threatening to not raise the debt ceiling which would close the government, furlough workers, undermine the US global economic standing and basically tank the economy at home. Biden’s response has not been robust enough to really address the crisis, and then there’s the looming specter of the Delta variant. Richard Wolff, whose latest book is The Sickness Is The SystemWhen Capitalism Fails To Save Us From Pandemics or Itself (BUY HERE), and the host of Economic Update, joins us today to give us an overview of just how precarious a position we are in and the economic threat posed by the Delta variant.

Professor Wolff is an American Economist, known for his work on economic methodology and class analysis. He is Professor Emeritus of Economics at the University of Massachusetts Amherst, and currently a Visiting Professor in the Graduate Program in International Affairs of the New School University in New York. Wolff has also taught economics at Yale University, City University of New York, University of Utah, University of Paris I (Sorbonne), and The Brecht Forum in New York City.

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