In this Wolff Responds, Prof. Wolff challenges the widely used explanation for inflation: supply chain disruptions. Supply chain disruptions happen all the time and businesses deal with them on a daily basis, with specific purchasing teams whose role is entirely based on expecting and anticipating these disruptions. Instead of blaming the supply chain, we must face the harsher reality—companies are jacking up prices to make up for losses from the last two years, and the system cannot handle it. This is a systematic breakdown, a decline of the capitalist order, and it’s time to look for real, sustainable solutions.

Wolff Responds is a@Democracy At Work production. We provide these videos free of ads. Please consider supporting our work. Visit our website democracyatwork.info/donate or join our growing Patreon community and support Global Capitalism Live Economic Update with Richard D. Wolff at https://www.patreon.com/gcleu.
___________________________________________________________________________
Check out the NEW 2021 Hardcover edition of “Understanding Marxism,” with a new, lengthy introduction by Richard Wolff! Go to: https://www.lulu.com/en/us/shop/richa...

“Marxism always was the critical shadow of capitalism. Their interactions changed them both. Now Marxism is once again stepping into the light as capitalism shakes from its own excesses and confronts decline.”

Check out all of d@w’s books: "The Sickness is the System," "Understanding Socialism," by Richard D. Wolff, and “Stuck Nation” by Bob Hennelly at http://www.lulu.com/spotlight/democra...
___________________________________________________________________________

Follow Wolff ONLINE:
Patreon: https://www.patreon.com/gcleu
Web: https://www.rdwolff.com
Twitter: https://twitter.com/profwolff
Facebook: https://www.facebook.com/EconomicUpdate
https://www.facebook.com/RichardDWolff
https://www.facebook.com/DemocracyatWrk
DailyMotion: https://www.dailymotion.com/democracy...
Subscribe to the EU podcast: http://economicupdate.libsyn.com
Shop for EU merchandise: https://democracy-at-work-shop.myshopify.com