Every Small Business is going to be out of business i had time to selling is over not just wipe out an entire class of people because you allowed the wealthy to go out and thrive through these tough times getting access that they had all doing all the things that normal people dont get to do so the class divide will continue and its mostly because we dont really allow the true free markets work anymore we allow the the Upper Echelon they have a better chance and better access Going Forward and i think thats one of the big problems that i see here well so many go to richard so many of the wealthy you know look at socialism as something of a point but i mean this is exactly what they how they have to have socialism for the very very rich Concierge Service and you know the states not supposed to keep winners because thats against the markets but thats exactly what theyre doing theyre picking winners all of the time richard. Yeah i think i agree that we are in a sea instead. Of capitalisms
And all the International Stage should now for cross full coming up next kevin ill be here with you in the studio next hour to give you the latest news updates from around the world will see about that. Alone we welcome to cross talk were all things are considered im Peter Lavelle as the culture war d rages on and they did the billionaire class is only getting well you know their well iraq percent 184 1000000000. 00 since the start of the pandemic splash how will this back shape the coming recovery and is a permanent underclass the new normal. To discuss this and more im joined by my guest Richard Wolffe in new york hes a Professor Emeritus of economics at the university of massachusetts amherst as well as an author of the recent books understanding socialism and understanding marxism and in chicago or which he is a chief marketing strategist bubba trading all right gentleman stop rules in effect that means you can jump in time you want and i was appreciate todd let me go to you as you
Have a great day. Hello and welcome to cross talk where all things are considered im Peter Lavelle as the culture war rages on a baited the billionaire class is only getting well you know their well has skyrocketed 20 percent or 500 84000000000. 00 since the start of the pandemic splash how will this back shape the coming recovery and is a permanent underclass the new normal. To discuss this and more im joined by my guest Richard Wolffe in new yorks hes a Professor Emeritus of economics at the university of massachusetts amherst as well as the author. Of the recent books understanding socialism and understanding marxism and in chicago or which he is a chief marketing strategist bubba trading all right gentleman rules in effect that means you can jump in time you want and i was appreciate todd let me go to you as you just heard in my introduction you know that we have an ongoing deep recession i think as of this morning the i. M. F. Came out with their global projections and a contracti
Legalized. They can do has allowed the rich to get richer as times get tougher you know for years theyve had access to this cash and capital to borrow its only recently that the average guy can actually brought some money to get in so they threw a fry and bad conditions and actually ive always built while under the toughest conditions because they have the access to capital and others dont they have the ways they get the money others dont so their businesses are allowed to thrive well everybody else is out of business you come by where i am in chicago and almost every Small Business is going to be out of business i had time to selling is over not just wipe out an entire class of people because you allowed the wealthy to go out and thrive through these tough times getting access that they had all doing all the things that normal people dont get to do so the class divide will continue and its mostly because we dont really allow the true free markets work anymore we allow the the upper. E
A baited the billionaire class is only getting wealthier their wealth has skyrocketed 20 percent or so ive 184000000000. 00 since the start of the pandemic slash law how will his back shape the coming recovery and is a permanent underclass the new normal. To discuss this and more im joined by my guest Richard Wolffe in new york is a Professor Emeritus of economics at the university of massachusetts amherst as well as the author of the recent books understanding socialism and understanding marxism and in chicago or which he has a chief marketing strategist bubba trading all right gentleman rules in effect that means you can jump in while i was appreciate time let me go to you as you just heard in my introduction you know that we have an ongoing deep recession i think it. This morning the i. M. F. Came out with their global projections are a contraction of about 5 percent globally the us s. And do a whole much better the industrialized world is more or less in the same position at the sa