He is the author of Renegade: The Making of a President October 2020 Mike Pence struggles to defend the indefensible and please his disastrous boss Households stressed, families dissolved, and individuals exhausted by ever more hours of labor added severe anxieties to their burdens as rising debts exceeded capacities to service them. Richard Wolff joins the Zero Hour with RJ Eskow to discuss. Trump went further than previous Republicans in prying workers away from the Democrats. The Fed has created more money out of thin air. Since the 1970s, U.S. real wages have largely stagnated. Credit cards were newly promoted to consumers who filled millions of wallets with many of them. These include outsourcing, "free trade" agreements and union-busting. Workers wanted so desperately to hold on to that American Dream. Richard Wolff joins Mitch Jeserich to talk about the failure of capitalism in a pandemic, as explained in his new book, The Sickness is the System: When Capitalism Fails to Save Us from Pandemics or Itself. Debate against Paul Krugman on Democracy Now! However, the class silence of the major parties created the need and the opportunity for a revival of what they had repressed. Status Coup's Jordan Chariton speaks with economist and professor Richard Wolff about the ongoing economic crisis. The combination of stagnant real wages and rising productivity lowered labor's share of national income in favor of capital's. Late 20th-century U.S. capitalism boomed until it could no longer support rising debt levels. Unions increasingly had to downplay or reduce their traditional links to the Democratic Party because growing portions of their members had shifted toward the GOP. July 8, 2020 I have had the honor of being an employee of Stephen Wolff son of Richard. Richard D. Wolff is a visiting professor in the Graduate Program of International Affairs at New School University. Richard C. Wolff, 56, of Johnstown, NY; passed away October 22, 2020. Richard I. Wolff, 80, of Franklin, IN passed away Wednesday, November 11, 2020 at Homeview Health and Rehabilitation Center in Franklin, IN. Meanwhile, the establishment Democrats and Republicans will continue their oscillating failures as the U.S. system's mode of decline. Even though the stock market is booming, the amount of businesses that have closed due to COVID is staggering. Yet it spoke to millions of working-class people who feel betrayed by the Democrats and attracted by the usual Republican references to religion, region, and race. https://www.truthdig.com/articles/prof-wolff-the-next-economic-crisis-is-coming They could pry portions of the working class away from the Democratic Party by appealing to such noneconomic concerns among workers. Obama did speak to millions of working-class people gathered around issues of gender, race, ethnicity, and sexual orientation. Because capitalism’s periodic downturns (crashes, recessions, depressions, crises, business cycles, busts, etc.) Instead, class conflict quickly faded from both parties' statements and thinking. Trump's right-wing Republicanism solved none of the United States' basic economic problems; it did worsen income and wealth inequalities. An integral part of the undoing of the New Deal was canceling a politics where Republicans confronted Democrats as representatives of employers versus employees. Richard Wolff joins Boom Bust to discuss soaring Chinese exports and the future of a trans-Pacific relations under a Biden presidency. In protest, often unspoken, some began to cross over to vote Republican. In so doing, he prepares the way for the next Trump. The Treasury provides tax money. 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