Richard Wolff

speaker

30 appearances 2 recordings 1 series first heard Mar 2025 last heard Mar 2025

Richard Wolff’s voice in public audio — every appearance, attributed to the second.

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Before the collapse of the 1930s, we had the same redistribution.

It blew up, and then in the 1930s, there was the reverse, the redistribution down.

So what happened in the 1930s?

Just remember our history.

You taxed corporations and the rich in a way you hadn't before.

And what did you do with the money?

You created the social security system, which gives to everybody who reaches age 65 a pension.

We passed the first minimum wage in the United States in the 1930s.

We passed unemployment compensation for the first time in American history in the 1930s.

And the big one, I haven't even mentioned, the federal government hired 15 million people who were unemployed and now had a job.

That was a radical redistribution of wealth and income down to offset the explosion when it went too far up.

You know where we are now?

Too far up.

Something to mine our differences.

And it was literally you sat down and put that numerical together.

Wouldn't that have to do with the

Decades before the collapse of the 1930s, we had the same redistribution.

It blew up, and then in the 1930s, there was the reverse, the redistribution down.

So what happened in the 1930s?

Just remember our history.

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