In this interview on KPFA's Letters and Politics, Richard Wolff discusses economic issues such as tariffs and price gouging. Tariffs are explained as taxes on imports paid by American importers, not by the countries of origin. He delves into how protectionist measures like tariffs can lead to negative consequences like higher prices and loss of market competitiveness. Wolff also delves into price gouging, highlighting how it reflects businesses charging what the market will bear, potentially impacting consumers during crises. Lastly, he touches on broader societal issues like the Lavender scare and current political rhetoric around communism and Marxism.
