On this week’s show, prof. Wolff explains the political economy of immigration and how capitalism is to blame for Latin America’s inequality, poverty and corruption.
In the second half, Professor Wolff presents two longer segments on (1) the political economy of immigration, and (2) why the basic problem of Central and South America is two to three centuries of capitalism producing and reproducing extreme inequality, staggering poverty and corrupt government elites. That is the crucial context for the Cuban and Venezuelan efforts, however imperfect and against US opposition, to break out of capitalism.
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Source URL — https://roarmag.org/2019/09/17/economic-update-capitalism-in-decline/