The disconnect between the stock market and the economic reality for the rest of us - Richard Wolff

"So, we have all this money being created... Where does the money go if it doesn't go into producing goods and services since the demand isn't there? It goes into the stock market, where it bids up the price of stocks, which is what the rich people are happy about because it makes them richer still. That's why the billionaires in America amassed another two trillion dollars while the rest of us were struggling with the Covid-19 disaster." 
- Richard Wolff

This is a clip from Economic Update: Noam Chomsky on Prospects & Tasks as 2021 Begins
[Season 11, Episode 2]
Watch the full episode:    • Economic Update: Noam Chomsky on Pros...  
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Learn more about Prof Wolff's NEW BOOK, "The Sickness is the System: When Capitalism Fails to Save Us from Pandemics or Itself," that came out mid-September, on our books page:
www.democracyatwork.info/books

"Indeed, his book is so thorough, so comprehensive in its insightful analysis, that it is a practically a one-stop center for anyone who wants to understand why the year 2020 has been such a dumpster fire." - SALON

Check out Prof. Wolff's other books "Understanding Socialism" and "Understanding Marxism"
http://www.lulu.com/spotlight/democra...
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