[S6 E09] New
In this episode of Capitalism Hits Home, Dr. Fraad discusses the decline of the American empire, both globally and domestically. After WWII, the US was the only industrialized nation that stood strong, helping it ascend to global dominance. Today, however, the world order is shifting. The BRICS economic alliance (Brazil, Russia, India, China, and South Africa) is extremely powerful and widespread, with over 19 more countries hoping to join the alliance. The US dollar is losing its primacy and our country is steeped in debt. Internally, poverty is ever-increasing, corruption is normalized in our politics, and our wealthiest individuals and corporations don’t pay taxes. How did we get here? What can be done? Dr. Fraad tackles these questions and more.
Capitalism Hits Home is a Democracy At Work production. The show addresses the intersection of capitalism, class, and personal lives, and explores what is happening in the economic realm and its impact on our individual and social psychology.
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“Marxism always was the critical shadow of capitalism. Their interactions changed them both. Now Marxism is once again stepping into the light as capitalism shakes from its own excesses and confronts decline.” - Richard Wolff
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Dr. Harriet Fraad's Recommended Reading list: https://bookshop.org/lists/dr-harriet-fraad-recommended-reading-capitalism-hits-home
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