Laura: Hi, I'm Laura Flanders. Capitalism's crisis deepens. To many people, it looks more ascendant than ever. The coming to power of a billionaire without even the façade of public service backed by hedge funders and war profiteers. To a lot of people, the rise of Donald Trump and Trump-ism represents the ascendancy galore of capitalism, not its crisis. Economics professor Richard Wolff respectfully disagrees. Wolff is the founder of Democracy at Work, and the host of Economic Update, a weekly podcast, as well as the author of many books, most recently, Capitalism's Crisis Deepens.
In this week's conversation, he's joining Farah Tanis who also believes in building authentic, alternative livelihoods. It's the only way that many communities, especially communities of color, have every survived periods of repression, and it's the way to build the world we want to live in in the future, regardless of who is in the White House. Farah is the co-founder and executive director of Black Women's Blueprint, which recently chaired the first Truth and Reconciliation Commission of black women and sexual assault in the United States. Welcome, both. I couldn't be happier than to be sharing the beginning of this challenging year with the two of you.
Richard Wolff: Thank you.
Laura Flanders: Let's start with some descriptions. Farah, how do you describe the situation that we're in? How do you see it?
Farah Tanis: I can only speak with the hundreds and the thousands, if not the millions, of voices of people of African descent throughout this country who are fearful. Extremely fearful. Fearful about their own present, their economic security, fearful about whether or not their right to make a living, their right to have access to education, their right to not be burdened by debt, you know, even this dream or any vision that they had for themselves, there is this dissipation, there is this disappearing of this hope that we had before, that we could ever, ever get anywhere, even under the Obama presidency. The loss of jobs, it's become more real than ever. The student loan debt has become more real than ever. The lack of access to healthcare, even under Obamacare, has become more real than ever. Whatever little bits that we had, we now feel that we're going to lose. There is, I will be honest in saying this, sheer panic.