Economist/Professor Dr. Richard Wolff's important message on Inflation & Capitalism
Economist Richard Wolff has an important message that will shock many.
Economist/Professor Dr. Richard Wolff spent time with me for an extended interview covering inflation, economic systems, and much more. He made the state of our economic system understandable for most.
Dr. Wolff made a statement that describes what many intrinsically know. He put meat on the bones.
“Every economic system in the history of the world shows the following pattern,” Dr. Wolff said. “It’s born out of another different system. It changes and grows over time. And then it eventually passes away and gives way to another system that is born. And then goes through the same stages. That’s true of all ancient village economies, tribal economies, slave economic systems, of feudalism. It’s true of them all. And what that means is that this system we’re living under now, capitalism, is about going to show us pretty much the same pattern. There’s no reason to assume it would be otherwise.”
If we take the time to understand Dr. Wolff’s narrative, it will make our necessary transition smoother. Get a cup of coffee, and please enjoy.
I hope you enjoyed the interview. I would love to hear your thoughts.