“If you look around the world, our risk is not inflation and it’s not overheating economies,” Dalio said.
Richard D. Wolff is Professor of Economics Emeritus, University of Massachusetts, Amherst where he taught economics from 1973 to 2008. He is currently a Visiting Professor in the Graduate Program in International Affairs of the New School University in New York City. He wrote Democracy at Work: A Cure for Capitalism and founded www.democracyatwork.info, a non-profit advocacy organization of the same name that promotes democratic workplaces as a key path to a stronger, democratic economic system. Professor Wolff discusses the economic dimensions of our lives, our jobs, our incomes, our debts, those of our children, and those looming down the road in his unique mixture of deep insight and dry humor. He presents current events and draws connections to the past to highlight the machinations of our global economy. He helps us to understand political and corporate policy, organization of labor, the distribution of goods and services, and challenges us to question some of the deepest foundations of our society. For more of his lectures, visit the Democracy at Work YouTube channel: https://www.youtube.com/user/democrac….
We need an uprising of decency.
If only …
If only Donald Trump were not president, we could have an interesting debate over whether private health insurance should be illegal. If only Trump were not president, we could have an interesting debate over who was softest on crime in the 1990s. If only Trump were not president, we could have a nice argument about the pros and cons of NAFTA.
But Trump is president, and this election is not about those things. This election is about who we are as a people, our national character. This election is about the moral atmosphere in which we raise our children.
Trump is a cultural revolutionary, not a policy revolutionary. He operates and is subtly changing America at a much deeper level. He’s operating at the level of dominance and submission, at the level of the person where fear stalks and contempt emerges.
He’s redefining what you can say and how a leader can act. He’s reasserting an old version of what sort of masculinity deserves to be followed and obeyed. In Freudian terms, he’s operating on the level of the id. In Thomistic terms, he is instigating a degradation of America’s soul.
What is an economic hitman? Cenk Uygur and John Perkins, hosts of The Conversation, break it down.