On “It’s Our Money”: Prof. John McMurtry Discusses “The Cancer Stage of Capitalism” and Why the Establishment Hates Trump

Ellen’s noted guest Dr. John McMurtry describes capitalism as being in a cancerous stage in which it’s being devoured from within by metastasizing greed and self-interest. He also talks about why the establishment hates Donald Trump. Matt Stannard looks at how the banking cancer has affected Jefferson County, AL, which declared bankruptcy after buying into toxic interest rates swaps from Wall Street salesmen. The antidote: public banks! Show archived here.

Dr. Richard Wolff on “It’s Our Money”

Capitalism is often touted as the most dynamic marketplace performer capable of lifting more boats faster than any other — but why then do we see its colossal failures as a stable and equitable driver of well-being for the vast majority of its practitioners? Ellen speaks with one of the most knowledgeable experts on economic systems, Dr. Richard Wolff, about how capitalism fails in part because of its anti-democratic underpinnings that rock many of those boats and swamp others while letting the captains of capital cruise on. We also talk about the emerging popularity of Quantitative Easing for the People and the importance of values-driven common cause for change.

Listen to the archive here.