Recession is Business as Usual Under Capitalism

On today's episode Walter Smolarek and Prof. Richard Wolff discuss how economists around the world are agonizing over the question – Will the United States enter a recession, and how bad will it be? New economic data shows that the job market remains relatively strong, but under the twisted logic of capitalism this may in fact lead the Federal Reserve to implement policies that could make an economic downturn more explosive. 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.