Economic Update: Capitalism in Decline
- September 17, 2019
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.
- Author
The first half of this week’s episode of Economic Update features a discussion by Professor Wolff on the parallels of declining capitalism in the UK and the US and how the denials of the systemic problems inherent with capitalism are making the economic situations in both countries profoundly worse.
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/
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