Bank of America memo exposes capitalists' plot to crash the economy
Listen now
Description
On today's episode Walter Smolarek and Prof. Richard  Wolff discuss a leaked memo written by a top Bank of America economist  that reveals in explicit terms the strategy of the capitalist class:  cause as much suffering among workers as possible  to rebalance the economy in favor of the rich. As the U.S. begins to  experience an intentionally-caused recession, it is now even clearer  that this is a matter of class struggle. Professor Richard Wolff is an author & co-founder of the organization Democracy at Work. You can find his work at rdwolff.com. Please make an urgently-needed contribution to The Socialist Program by joining our Patreon community at patreon.com/thesocialistprogram. We rely on the generous support of our listeners to keep bringing you consistent, high-quality shows. All Patreon donors of $5 a month or more are invited to join the monthly Q&A seminar with Brian.
More Episodes
In this patrons-only Q&A seminar, Brian & Nicole discuss the danger of a regional war in the Middle East, U.S. crackdown on supporters of Palestine, China's proposal to the US to commit to no nuclear first strikes, a class analysis of modern U.S. society, and more. Links referenced...
Published 04/18/24
What is Iran’s military and political strategy now that it has struck back against Israel’s illegal bombing of its embassy, and with another cycle of escalation looming? Israel’s strikes killed over a dozen people, including two Iranian generals, while Iran’s response produced no casualties. Why...
Published 04/17/24