Richard Wolff: The Next Economic Crisis Is Coming
By Lee Camp
January 18, 2019 "Information Clearing House" - Every time I sit down with economist Richard Wolff, he demonstrates why the field of economics is so necessary in the cultural critique of our American empire. In my recent interview with him, we discussed why the thriving economy touted by President Donald Trump hasn’t translated into real gains for the majority of Americans. We also went over what is hidden by the economic indicators that allow the financial industry to celebrate while so many Americans are still suffering.
Professor Wolff talked with me on my show “Redacted Tonight: VIP” on RT America. Enjoy this excerpt from the interview.
LEE CAMP: Professor Wolff — thanks for joining me! Last month was, apparently, the worst December for the stock market since the year 1980. What’s going on here?
RICHARD WOLFF: A lot of things are coming to a head. Each one of them by itself might have gone by without this, but they’re too many.
To list major ones: The tariff war with China, Europe and the rest creates enormous uncertainty. It makes all the predictions and plans of corporations and entire countries uncertain. People are holding back. Number one.
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