The Socialist Program with Brian Becker

Banks in 21st Century Capitalism

12 snips
Oct 2, 2024
Guest
Richard Wolff
Richard Wolff, a prominent economist and co-founder of Democracy at Work, dives into the complexities of modern banking and capitalism. He discusses how traditional banks struggle against agile trading firms due to tech advancements. The conversation reveals how loopholes allow banks to evade regulation, impacting market ethics. Wolff also critiques the profit-driven nature of capitalism, advocating for systemic changes to address regulatory failures. Lastly, he explores Wall Street's selective political influences and the vulnerabilities faced by capitalism in the 21st century.
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Episode notes
1
Intro
00:00 • 5min
2
Capitalism's Trading Conundrum
04:39 • 15min
3
The Endless Cycle of Profit and Regulation in Capitalism
19:40 • 5min
4
Wall Street's Election Preferences
24:19 • 6min
5
The Vulnerabilities of 21st Century Capitalism
30:27 • 7min