The Pandemic’s Lesson about Capitalism _on Economic Update
The Pandemic’s Lesson about Capitalism
_on ECONOMIC UPDATE with Richard D. Wolff
Preparing and coping with the Corona pandemic was inadequate: medical supplies were seriously deficient. That was because it was not profitable for firms to produce or stockpile the supplies. Neo-liberal governments were complicit with private profit capitalists rather than compensating for their inadequacies. The lesson: many basic social needs are like public health. We cannot, need not, and should not rely on capitalists to meet them. Alternatives are available
Each show wraps up with Professor Wolff answering some questions that he receives through his website or on Facebook. Economic Update is in partnership with Truthout.org.
This show was broadcast on July 1, 2020.
