

$106 Billion for Israel, Ukraine, Taiwan: How War Spending Subsidizes Capitalism
14 snips Oct 25, 2023
Richard Wolff, a renowned economist and co-founder of Democracy at Work, joins the discussion to dissect Biden's hefty $106 billion military funding proposal for Ukraine, Israel, and Taiwan. He critiques the prioritization of military aid over critical domestic needs like housing and infrastructure. The conversation also highlights the historical rise of the military-industrial complex and its repercussions for the working class. Wolff argues that such financial choices create disparities that primarily benefit defense contractors, leaving citizens in the lurch.
Chapters
Transcript
Episode notes
1 2 3 4 5
Intro
00:00 • 2min
The Origins and Impact of the Military-Industrial Complex
01:40 • 3min
Historical Evolution of Employment and Government Intervention in the U.S.
04:59 • 6min
Military Spending vs. Economic Reality
10:47 • 10min
Convergence of Wealth and Politics: Riyadh's Influence on American Governance
20:34 • 4min