Loud & Clear

This Economic System Can't Be Fixed: Millions to Lose Jobs in Recession

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Synopsis

On today's episode of Loud & Clear, Brian Becker and John Kiriakou are joined by Richard Wolff, a professor of Economics Emeritus, University of Massachusetts, Amherst and founder of the organization Democracy at Work. Prof. Wolff’s latest book is Capitalism's Crisis Deepens: Essays on the Global Economic Meltdown. Fears are spreading around the world as a key recession indicator goes off in the United States and evidence of economic slowdown surfaces in other major global economies. The last economic crisis was an unusually long 11 years ago, raising fears that another major downturn is right around the corner. Parts of New York City have changed through the decades of white flight, neglect, and gentrification, but the massively wealthy elites who live in the Manhattan penthouses remain a constant. Award-winning author and commentator Lewis Lapham satirized them in his original 1988 book “Money and Class in America,” newly updated, which we talk about with him today. Brian and John speak with Lewis Lapha