Richard Wolff makes another great appearance on David Pakman's show
Richard Wolff was on the David Pakman show the other day comparing the difference between Europe and America and how corporations were able to destroy unions and the ability of workers to get owners of capital to share the fruits of profit. Professor Wolff went on to mention how Europe still has powerful unions, socialist parties, and other workers movements . Richard Wolff went on to explain his version of why there is a downfall of the middle class in the United States. After the Second World War the coalition of workers strength was attacked by the right and wealthy class with a slow decimation of the labor movement. The fall of unions and without a militant labor movement you do not have a political force to ensure a more equality wealth sharpness between workers and owners of business.
The stronger labor unions and political parties in Europe make sure capitalism over there does not cause wealth to be taken from a small class of citizens. There is just a general lack of history of the fights and battles in this country of the labor movement and how these gains were lost thanks to distractions such as sports and reality television that the lower classes are addicted and can more for than their own economic interest and standings in their country. Richard Wolff went on to tack the right wings lie about how giving more money to the rich will help trickle down money and growth to the poor. This is an absolute lie and when the weak poor classes realize that these tax breaks given to rich people actually goes to yachts and luxury trips than to improving any welfare of those less economically fortune. The purpose of an economic system is to build up everuone in society and not just to make a small group more wealthier and ability to keep up with foreign wealthy classes. Another great appearance of professor Richard Wolff on the informative David Pakman podcast.
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