Richard Wolff: The Crash IS Coming! What To Watch For
You will NOT have a very Merry Christmas this year – the election will play a great roll in causing market economic panic and instability; the fact you may not have a job in December; the fact you may not have a house in December; you may not have a car in December; you may be sick and dying in a hospital because they are out of the ventilator that you need to survive; and with no job you will have no insurance; and the list could go on and on! Time will tell – I’m hoping for the best and none of that happens but history, social habits and inability of many to remove the rose-colored shades and remove the blinders.. BUT — remember the 7 P’s – Proper, Prior, Planning, Prevents, Piss Poor Performance!! GET Ready – there’s a train a comin’ but it ain’t for YOU!!
Julianna welcomes back recurring guest, Marxian Economist Professor Richard D. Wolff, to the show to discuss how Economists are warning Americans that while the recent unemployment numbers were surprisingly positive, the long-term consequences of the pandemic could be severe joblessness for millions of Americans faced with permanent unemployment.
And according to Professor Richard Wolff, there has been a widespread understanding among experts that a whole raft of jobs would be disappearing in the next five to 10 years. Wolff is an American Marxian economist, known for his work on economic methodology and class analysis.
He is Professor Emeritus of Economics at the University of Massachusetts Amherst, and currently a Visiting Professor in the Graduate Program in International Affairs of the New School University in New York. Wolff has also taught economics at Yale University, City University of New York, University of Utah, University of Paris I (Sorbonne), and The Brecht Forum in New York City.