Liked on YouTube: Richard Wolff & Bob Hennelly on Military Spending and Debt

Richard Wolff & Bob Hennelly on Military Spending and Debt

"It's important to understand that this is part of the machinery of wealth inequality. What people don't understand is who invests in this debt are people and institutions that need to shield the wealth they already have. So as this country has embraced debt, the people that take advantage of that are people that park their wealth there, where they can enjoy the profits and interest payments often tax-free. You see the mechanism here? So the bigger the debt is, what happens? The bigger the machine is of the concentration of wealth." - Bob Hennelly Watch the full episode here: https://www.youtube.com/watch?v=uQXxrBxYjw4&feature=youtu.be We make it a point to provide the show free of ads. Please consider supporting our work. Become an EU patron on Patreon: https://ift.tt/2pdgBpn Prof. Wolff's latest book "UNDERSTANDING SOCIALISM" https://ift.tt/31wBdYV Want to help us translate and transcribe our videos? Learn about joining our translation team: http://bit.ly/2J2uIHH Jump right in: http://bit.ly/2J3bEZR Follow us ONLINE: Patreon: https://ift.tt/2pdgBpn Websites: https://ift.tt/38fPRHu http://www.rdwolff.com Facebook: https://ift.tt/2vHEwPc https://ift.tt/2w4zedS https://ift.tt/2vHOrUR Twitter: http://twitter.com/profwolff http://twitter.com/democracyatwrk Instagram: https://ift.tt/2OxJh4F Subscribe to our podcast: https://ift.tt/2MoKdeu Shop our Store: http://bit.ly/2JkxIfy ________________________________________________________________ Bob Hennelly is an award winning print and broadcast investigative journalist. He is a staff reporter with the New York City based Chief-Leader newspaper which has been covering public unions and the civil service since 1897. He is a regular contributor to Salon where he writes on the economy and labor. He has been published in the Guardian, the New York Times, CBS-MoneyWatch and dozens of other websites and publications. His broadcast credits include CBS’s 60 Minutes, the PBS NewsHour, NPR, C-Span and the BBC.
via YouTube https://youtu.be/ChmWnSckuuw