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Weekends: Inflation, Labor Upsurge, and Neoliberalism's Discontents w/ Richard Wolff

Jacobin Radio

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Capitalism, Is It Coming Back?

Capitalism is limping along and in a series of crises, but at the same time it seems as resilient as ever. The united states now has the greatest level of debt in its history,. government debt, corporate debt, household debt. This is an economy which has been living on debt and shows no sign of relieving that problem. If indeed we have the inflation that raises interest rates, then you're driving the working class into more debtedness. That's a one two punch they can't handle under these circumstances. And i will also push back, and i don't mean to scare anybody with this, yet, it has to be said, or else again, weare.

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