Richard Wolff: Banks are Trembling! + Caleb Maupin: Oil Crisis on Wall Street! + Sanders Slams Trump’s Alleged “Natural Ability” To Understand Coronavirus

Capitalism Is Crisis

Image by Steffi Reichert via Flickr

Dandelion Salad

with Richard D. Wolff

RT America on Mar 9, 2020

Economist and founder of Democracy at Work Dr. Richard Wolff and broadcasting legend Larry King join Rick Sanchez to weigh in on Wall Street’s terrifying Monday plunge, the worst since 2008. They explain the link between oil exploration and extraction and the debt that fuels it. They also discuss the role of the coronavirus outbreak in the economic crisis and its likely influence on US politics.

Oil Crisis on Wall Street! What is going on?

with Caleb Maupin
Writer, Dandelion Salad
March 10, 2020

Caleb Maupin on Mar 9, 2020

Caleb Maupin is a radical journalist and political analyst who resides in New York City. Originally from Ohio, he studied political science at Baldwin-Wallace College. In addition to his journalism, analysis, and commentary, he has engaged in political activism. He was involved in the Occupy Wall Street movement from its planning stages in August of 2011. He has worked against police brutality, mass incarceration, and imperialist war. He works to promote revolutionary ideology, and to support all who fight against the global system of monopoly capitalist imperialism. Visit his website and Facebook Page. His books are listed on his website.

USA: Sanders slams Trump’s alleged “natural ability” to understand coronavirus

Ruptly on Mar 10, 2020

US Senator and democratic presidential candidate Bernie Sanders called for a “100 percent non-political task force” to avoid a major coronavirus outbreak in the US as he called US President Donald Trump’s claim to have a “natural ability” to understand the crisis as “reckless” at a roundtable about the virus in Detroit on Monday.

“Trump, I think, is quoted as saying that he has a natural, quote on quote, ‘a natural ability’ to understand the coronavirus and that that virus will end by April. Donald Trump does not have a natural ability to understand the coronavirus and his reckless statements are confusing people in this country and all over the world,” said Sanders.

“What I think frightens the American people is that today we have a president of the United States who does not even recognise the reality of climate change. let alone understanding that we have got to work with the entire global community to address this crisis.”

The Senator called for the US administration to “make sure that every person living in this country, right now, including the undocumented” are able to go to a doctor or hospital without having to worry about costs “in order to determine their health status.”

On Monday Trump announced he would be speaking with lawmakers including Senate Majority Leader Mitch McConnell to discuss measures to combat the economic impact of the coronavirus outbreak.

Confirmed coronavirus cases topped 700 in 36 US states, killing at least 26, amid a global outbreak exceeding 114,500 cases and over 4,000 deaths as of Tuesday.

See also:

The coronavirus pandemic and the failure of capitalism, by Andre Damon and David North

Markets plunge in worst fall since 2008 crisis, by Nick Beams 

Biggest public threat: health care for profit

Addressing Coronavirus Outbreak: Public Health Roundtable In Detroit with Bernie Sanders (full video; starts at 46:14 minutes in)

From the archives:

The Fed’s Baffling Response to the Coronavirus by Ellen Brown + Richard Wolff: The Inherent Instability Of Capitalism Is Its Tendency To Have Economic Crises Every Few Years

Oligarchic Electoral Manipulations Continue, by Rainer Shea

The Fall of the U.S. Empire and the Coming Economic Crash + The Growing Ruling Class Fears of a Communist Resurgence by Rainer Shea

Chris Hedges and Richard Wolff: Understanding Socialism

The Next Economic Crash Will End Capitalism As We Know It by Rainer Shea

8 Myths about Socialism: Part 1 by The Anti-Social Socialist

Is America Ready for Socialism? by Finian Cunningham

How We Pay For Medicare For All