with Richard D. Wolff
Wednesday, May 13, 2020 at 7:30 PM
Co-sponsored by Democracy at Work and Judson Memorial Church
Topics :
- Why capitalist enterprises & governments failed to prepare for Corona
- Private unemployment vs gov’t re-employment
- Pandemic policies worsen inequality, instability of capitalism
- How to do better than capitalism during Corona
In connection with Wolff’s discussion of the main topic above, he will also cover the following issues at the May 13, 2020 event:
- Bubonic plague/feudalism dies
- Corona virus/capitalism dies
- The pandemic
- Worker cooperative enterprises
**Special message/appeal to internet viewers: this month's lecture was not filmed at our usual venue, Judson Memorial Church without a live audience due to the COVID-19 outbreak. We urge you to please consider donating to help keep this lecture series going. Sponsor GCLEU on Patreon at the $3 (or more) level. Your support helps cover the costs of producing and distributing these talks. Visit us at www.patreon.com/gcleu. You can also donate right here from our website: https://www.democracyatwork.info/donate. Thank you for your support.
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WORKERS’ TAXES WILL BE USED TO FURTHER BAILOUT CORPORATE CAPITALISTS.
AND THE BEAT GOES ON…
In rescue effort, Fed has broad stake in corporate America’s fortunes
(Reuters) – The U.S. central bank now has a stake in the fortunes of a broad swath of corporate America after buying about $1.3 billion of bond funds with debt issued by firms in all walks of the world’s biggest economy, from Apple Inc (AAPL.O) to a clutch of companies in bankruptcy.
The details on holdings in the Fed’s Secondary Market Corporate Credit Facility, one of nearly a dozen emergency programs the Fed has rolled out since March to respond to the coronavirus crisis, were published Friday.
The Fed’s largest investment-grade fund holding – iShares iBoxx US Dollar Investment Grade Corporate Bond ETF (LQD.P) – contains 30 Apple bonds giving the Fed about $5.7 million of exposure to the maker of iPhones through that ETF alone as of May 19. Apple is also a holding in other ETFs the Fed bought.
https://www.reuters.com/article/us-usa-fed-bonds/in-rescue-effort-fed-has-broad-stake-in-corporate-americas-fortunes-idUSKBN2352WE?il=0
You got it,
One for All, All for One = 1 – 4 – All = All – 4 – 1 !
Democracy and Solidarity in the Time of COVID era
We’ll all make it through this thing.
History is Prologue…
“We Have Nothing to Fear, But Fear Itself.” FDR [ https://www.youtube.com/watch?v=b8oPbsgUN1E ]
On January 11, 1944, in the midst of World War II, President Roosevelt spoke forcefully and eloquently about the greater meaning and higher purpose of American security in a post-war America. The principles and ideas conveyed by FDR’s words matter as much now as they did over sixty years ago.
The right to a useful and remunerative job in the industries or shops or farms or mines of the nation;
The right to earn enough to provide adequate food and clothing and recreation;
The right of every farmer to raise and sell his products at a return which will give him and his family a decent living;
The right of every businessman, large and small, to trade in an atmosphere of freedom from unfair competition and domination by monopolies at home or abroad;
The right of every family to a decent home;
The right to adequate medical care and the opportunity to achieve and enjoy good health;
The right to adequate protection from the economic fears of old age, sickness, accident, and unemployment;
The right to a good education.