Economic Update with Richard D. Wolff cover image

Record Homelessness Defies US "Solutions"

Economic Update with Richard D. Wolff

00:00

The Biggest Problem Is That the City Is Flooding the Market With Affordable Housing

Even when the city and federal state and federal government offer subsidies to developers, they're flooding the market with market rate housing. That's not going to meet the need of of the city. This is crazy. This is a system that is destroying itself. It is so committed to the profit primacy that it is undercutting its own survival. And i think until we start to look deep into that problem, you know, we'll never change the system. The system has to change dramatically."

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