On today's episode Brian and Prof. Richard Wolff discuss the steepest rise in prices in the last 30 years, which has set off alarm bells and handed politicians like Joe Manchin a convenient excuse to deepen their opposition to pro-worker social programs. Where does inflation come from in a capitalist economy? What effect does it have on the working class and on the capitalist class?
Professor Richard Wolff is an author & co-founder of the organization Democracy at Work. You can check out 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.