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Well, you know, easiest way to summarize it: We have been following—and, unfortunately, Democrats, too—something called trickle-down economics. We do… - Richard D. Wolff
" "Well, you know, easiest way to summarize it: We have been following—and, unfortunately, Democrats, too—something called trickle-down economics. We do economic policy where we help the folks at the top—we bail out the big banks, we give a tariff benefit—and we hope it trickles down, which it rarely does. First thing they can do, reverse it. Let’s do trickle-up economics. You help the people at the bottom, in all the different ways that we know how to do because the FDR regime back in the ’30s did a lot of that. So we know how to do it. [...] Do it—well, put people to work. Put people to work doing socially useful things at a decent income, not working in a fast-food restaurant under unbearable personal situations. Here’s another one: this greening of America. There’s a project that could help millions of people in a direct way. Let’s kind of do that.
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About Richard D. Wolff
Richard David Wolff (born April 1, 1942) is an American , known for his work on and . He is Professor Emeritus of Economics at the , and currently a Visiting Professor in the Graduate Program in International Affairs of the in New York. Wolff has also taught economics at Yale University, , , University of Paris I (Sorbonne), and The Brecht Forum in New York City. Not be confused with Richard Wolffe
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Alternative Names:
Richard David Wolff
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Richard Wolff
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Economic Update
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democracyatwork.info
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Democracy at Work
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rdwolff.com
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Additional quotes by Richard D. Wolff
The second reason I focus on capitalism is that the responses to today's economic collapse by Trump, the GOP and most Democrats carefully avoid any criticism of capitalism. They all debate the virus, China, foreigners, other politicians, but never the system they all serve. When Trump and others press people to return to churches and jobs—despite risking their and others' lives—they place reviving a collapsed capitalism ahead of public health.
And then the final twist: he spent a few minutes prancing at the stage saying we will not have socialism, socialism has been recurring or coming back. Mr. Trump, the biggest single cause of Americans interest in socialism is because the economy, the capitalist economy you represent, hasn't worked real well for the majority of people. The inequality you inherited, and made worse, has increased the interest in socialism. You don't like socialism! You're the biggest booster of it in this country. You're the one! You're blind as to what is going on. Your fakery in order to promote yourself politically, is in a way the most dangerous misunderstanding and misleadership that this society cannot now afford, given what is happening to it.
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